voxeljet AG Reports Financial Results for the First Quarter Ended March 31, 2019

(1)The Company has initially applied IFRS 16 as of January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of initially applying IFRS 16 is recognized in retained earnings at the date of initial application. For further information, see Note 2 of the condensed consolidated interim financial statements.

9. Segment reporting

The following table summarizes segment reporting. The sum of the amounts of the two segments equals the total for the Group in each of the periods.

 
Three months ended March 31,
2019 2018 (1) (2)
(€ in thousands)
SYSTEMS SERVICES SYSTEMS SERVICES
Revenues 2,415 3,150 1,375 3,677
 
Gross profit 829 1,084 381 1,752
Gross profit in % 34.3 % 34.4 % 27.7 % 47.6 %

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