Our Adjusted EBITDA rose by more than 13% to 26,7 million EUR. Materialise Software and Materialise Medical both achieved record quarterly revenues while Materialise Manufacturing experienced headwinds from a difficult macro-environment. We closed 2019 with cash and cash equivalents on our balance sheet totaling almost 129 million EUR, an increase of 13 million EUR compared to year-end 2018. We believe our continued solid and profitable growth and financial strength position us well to expand our existing business and capture new growth opportunities as our company enters its fourth decade and the additive manufacturing market continues to develop.”
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New release of Magics offers significant productivity improvements
Frankfurt, Germany - November 18, 2019. Materialise announces 3D printing solutions and initiatives that will increase productivity and advance serial additive manufacturing. A new release of Materialise Magics introduces several features to shorten the build preparation process, allowing users to scale their 3D printing operations. Materialise also presents a vision of its next-generation Build Processors, which will enable a more streamlined workflow for companies moving to serial production.
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Chinese Manufacturers Believe Global Adoption of 3D Printing Can Challenge China’s Position as ‘Factory of the World’. As China advances its production capabilities, manufacturers remain hesitant about adopting 3D printing
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Executive Chairman Peter Leys commented, “Materialise reported another quarter of top-line growth in our three segments in spite of a macro-economic environment that continues to be challenging. Strong operational performances in all three segments produced a record quarterly Adjusted EBITDA of more than 8 million euro. We are particularly pleased with the accelerated pace of our software sales, which were as we anticipated. We are continually working to increase the productivity of the additive manufacturing industry and look forward to introducing new product upgrades at next month’s Formnext in Frankfurt.”
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Leuven (Belgium), September 9, 2019 – Materialise, a global leader in 3D printing solutions, has extended its 3D printing materials offering with the new Ultrasint TPU 01. TPU is a fully-functional, flexible material, making it ideal for resistant and elastic parts. Today, Materialise is the first to make the new material available through its online platforms Materialise OnSite and i.materalise, and through its offline prototyping and manufacturing services.
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