KBC Securities - Materialise ADS (MTLS) Materialise Growth will not (yet) materialise in 2025

Report

KBC Securities

Guy Sips

Materialise Growth will not (yet) materialise in 2025

We have adjusted our FY25 projections, reducing FY25E sales from €291m to €277m, as Materialise expects the challenging macroeconomic conditions to continue throughout FY25, particularly affecting the European industrial sector. This will impact the performance of our Materialise Manufacturing segment. Consequently, following the FY24 results, we have lowered our Target Price to $8.2 (previously $10) while maintaining our Accumulate rating.

24/02/2025 1 EN

Underlying

Materialise ADS

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US57667T1007 NASDAQ Stock Market Belgium

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Guy Sips

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Materialise Growth will not (yet) materialise in 2025

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Notes : COFB BB, DSFIR NA, IVA FP, MTLS US, ONTEX BB, PNL NA

Materialise 3D printing is not just a trend but a transformative force

Umicore Running fast to almost stand still

Morning Notes : FAGR BB, PNL NA, RET BB, UMI BB, CTPNV NA, TKWY NA

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