Materialise: Covid-19 will be a next incremental step towards an additive future

3D printing is a slow revolution, not happening overnight. The revolutionary nature of 3D printing grew over decades, formed on a foundation of small but valuable steps. In FY20 and beyond that tendency will intensify, as the application-driven approach to 3D printing is likely to gain attention from the financial world. We saw some good examples in response to the Covid-19 crisis. 3D printing has captured imaginations worldwide. FY20 has started with some unexpected challenges for businesses worldwide in connection with Covid-19. We updated our model for all 3 Materialise’s segments after the Covid-19 impact in Europe and the US. We think Materialise will have to lower its FY20 sales (was between € 202m to € 215m) and Adj. EBITDA (€ 27.5m to 30.0m) guidance at the 1Q20 results.