Materialise Reports Second Quarter 2023 Results

Reconciliation of Net Profit (Loss) to EBITDA and Adjusted EBITDA (Unaudited)

for the three months ended
June 30,

 

for the six months ended
June 30,

In 000€

2023

 

2022

 

2023

 

2022

Net profit (loss) for the period

(494)

896

3,221

1,023

Income taxes

532

600

1,249

898

Financial expenses

670

1,320

2,045

2,561

Financial income

(1,305)

(3,901)

(2,114)

(5,517)

Depreciation and amortization

5,353

5,374

10,664

10,816

EBITDA

4,755

4,289

15,066

9,780

Share-based compensation expense (1)

-

(49)

-

(97)

Adjusted EBITDA

4,755

4,240

15,066

9,683

(1) Share-based compensation expense represents the cost of equity-settled and share-based payments to employees.

Segment P&L (Unaudited)

In 000€ Materialise
Software
Materialise
Medical
Materialise
Manufacturing
Total
segments
Unallocated (1) Consolidated
For the three months ended June 30, 2023
Revenues

11,030

24,945

28,835

64,810

0

64,810

Segment (adj) EBITDA

1,973

2,683

2,708

7,364

(2,608)

4,755

Segment (adj) EBITDA %

17.9%

10.8%

9.4%

11.4%

7.3%

For the three months ended June 30, 2022
Revenues

10,642

20,855

26,574

58,070

0

58,070

Segment (adj) EBITDA

821

4,474

1,581

6,876

(2,636)

4,240

Segment (adj) EBITDA %

7.7%

21.5%

5.9%

11.8%

7.3%

 
In 000€ Materialise
Software
Materialise
Medical
Materialise
Manufacturing
Total
segments
Unallocated
(1)
Consolidated
For the six months ended June 30, 2023
Revenues

22,381

49,265

59,056

130,702

0

130,702

Segment (adj) EBITDA

4,409

10,035

5,906

20,350

(5,285)

15,066

Segment (adj) EBITDA %

19.7%

20.4%

10.0%

15.6%

11.5%

For the six months ended June 30, 2022
Revenues

21,125

39,201

50,705

111,032

0

111,032

Segment (adj) EBITDA

2,753

7,701

4,192

14,647

(4,963)

9,683

Segment (adj) EBITDA %

13.0%

19.6%

8.3%

13.2%

8.7%

(1) Unallocated segment adjusted EBITDA consists of corporate research and development and corporate other operating income (expense), and the added share-based compensation expenses, acquisition related expenses of business combinations, impairments and fair value of business combinations that are included in Adjusted EBITDA.

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