Report
Gregory Ramirez

MATERIALISE - NEUTRAL | USD32 vs. USD33 (-14%) Cost management vs. lack of short-term visibility

MATERIALISE - NEUTRAL | USD32 vs. USD33 (-14%)
Cost management vs. lack of short-term visibility

We have reduced our target price to USD32 from USD33
Materialise keeps aligning costs with the top line
Lack of visibility persists due to new restrictions
Diversification in wearables goes on with the purchase of RS Print
Underlying
Materialise ADS

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Gregory Ramirez

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