voxeljet AG Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2018

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.

     

Quarter Ended December 31, (unaudited)

    Year Ended December 31,
2018     2017 (1)     2018     2017 (1) (2)
(€ in thousands, except gross profit margin)
Revenues
Systems 5,246 3,146 12,248 11,534
Services 3,328 2,962 13,761 11,644
Total revenues 8,574 6,108 26,009 23,178
 
Cost of sales
Systems (3,589) (1,817) (8,540) (7,276)
Services (2,134) (1,687) (8,324) (6,577)
Total cost of sales (5,723) (3,504) (16,864) (13,853)
 
Gross profit
Systems 1,657 1,329 3,708 4,258
Services 1,194 1,275 5,437 5,067
Total gross profit 2,851 2,604 9,145 9,325
 
Gross profit margin (%)
Systems 31.6% 42.2% 30.3% 36.9%
Services 35.9% 43.0% 39.5% 43.5%
Total gross profit margin (%) 33.3% 42.6% 35.2% 40.2%
 
(1) Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Form 20-F filed with the SEC on March 28, 2019, Part III, Item 18. Financial Statements, Note 6 “Correction of errors”
 
(2) voxeljet AG has initially applied IFRS 15 and IFRS 9 as of January 1, 2018. Under the transition methods chosen, comparative information has not been restated.
 



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