Materialise Revenue Rises 8% as Aerospace and Defense Sales Jump

Materialise Returns to Growth

The Belgian 3D printing company posted second-quarter revenue of €70.1 million ($81.7 million), up 8.1% from the same quarter last year. Adjusted EBITDA rose 15.7% to €9.6 million ($11.2 million) and net profit reached €3.3 million ($3.8 million), compared with just €199,000 the year before.

That gap between profit and revenue growth tells the real story. Cost controls and a tighter business portfolio are finally showing up on the bottom line.

Aerospace Drives Manufacturing Recovery

Materialise Manufacturing returned to growth after a soft first quarter. Segment revenue rose 6.7% year over year to €23.6 million, with aerospace and defense leading the way. Aerospace revenue alone jumped 40% during the quarter.

CEO Brigitte de Vet-Veithen said aerospace and defense customers have moved past early adoption. They are scaling up production and need more parts, faster. Materialise's NPI and Enterprise software products sit right in that transition.

Medical Still Leads, Software Lags

Medical remained the largest and fastest-growing segment, with revenue rising 12.2% to €36.9 million. Management called that growth sustainable over the long term. Medical devices and services performed well, though medical software was softer. Weaker demand from U.S. academic customers and reimbursement changes for some orthopedic clients created headwinds.

Software was the only segment to shrink. Revenue fell 2.7% to €9.6 million, with about 86% recurring. The company launched CO-AM Pro in May, a month ahead of schedule, and is pitching CO-AM NPI and CO-AM Enterprise as the next growth drivers.

What Comes Next

Materialise kept its full-year revenue forecast unchanged at €273 million to €283 million. But it raised its adjusted EBIT outlook to €12 million to €14 million, up from a previous €10 million to €12 million. Recent cost reductions are helping, and some of those savings should continue.

The company has also been trimming the portfolio. It sold RapidFit in April and transferred its eyewear business in July, keeping a 20% stake. The moves narrow the focus but also trim revenue.