reports
- Guy Sips
- Hilde Van Boxstael
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Wim Lewi
- Guy Sips
Materialise Another step forward
We updated our model as in 2Q24 Materialise continued on its growth path, generating record-high quarterly revenues with all three of its business segments reporting increased revenues. Especially the Medical segment turned in another strong performance, growing by 13%, while also its Software and Manufacturing segments posted higher revenues. We also welcome that -in another step forward- Materialise acquired begin 2H24 FEops, a Belgian company that develops AI-driven simulation technology to i...
- Guy Sips
- Michiel Declercq
- Sharad Kumar S.P
Materialise to Hold Annual Shareholders’ Meeting on June 4, 2024
Materialise to Hold Annual Shareholders’ Meeting on June 4, 2024 LEUVEN, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing software and sophisticated 3D printing solutions, today announced that it will host its Annual General Shareholders’ Meeting at 10:00 am CEST on Tuesday, June 4, 2024. The convening notices and other documents pertaining to the Annual General Shareholders’ Meeting, including the annual report, are available on Materialise's website at About MaterialiseMaterialise incorporates more than three d...
- Guy Sips
Materialise Medical segment continued to lead the way
We updated our Materialise model after 1Q24 revenues decreased 3% y/y as 1Q23 was an exceptionally strong quarter showing 24% growth. In 1Q24, Materialise's Medical segment continued to lead the way with 8% y/y revenue growth, while revenue declined in its Manufacturing and Software segments amidst less favourable market conditions. While continued investments in sustainable growth and the ongoing conversion to a recurring revenue business model impacted Materialise's operational profitability,...
- Guy Sips
- Hilde Van Boxstael
- Lynn Hautekeete
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
Materialise Model update after FY23 results
Materialise expect sales in all three of its segments to increase. The growth of its Materialise Software revenue will be further temporarily impacted by the transition towards a cloud-based subscription business model that Materialise is continuing to implement. We updated our model as, based on current market conditions, Materialise expects FY24 revenues to grow to a range of € 265m to € 275m (KBCSe from € 291.6m to € 271.6m). This expected revenue growth will result in FY24 Adj. EBIT forecast...
- Guy Sips
- Hilde Van Boxstael
- Kristof Samoy
- Lynn Hautekeete
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Vranken
- Wim Lewi
- TMT Team
- Guy Sips
- Hilde Van Boxstael
- Michiel Declercq
- Thibault Leneeuw
- Wim Hoste
- Wim Lewi
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List – Update November 2023 Sitting still while…
In this November update of our KBC Securities Dynamic Top Pick List we are not making changes to our selection. We anticipated a weak stock market over 2H23 as corporate profit growth in Europe slows and the US consumer is running out of cheap financing and stimulus. The central banks have let inflation slip away after years of "irrational" quantitative experiments to stoke inflation and are now overcompensating. The market was too optimistic that the interest rate peak would be followed by swif...
MTLS MATERIALISE ADS
EVS EVS BROADCAST EQUIPMENT SA
XIOR XIOR STUDENT HOUSING N.V.
SOLB SOLVAY SA
UCB UCB S.A.
DIE D'IETEREN SA
IBAB ION BEAM APPLICATIONS SA
AED AEDIFICA SA
ONTEX ONTEX GROUP N.V.
TWEKA TKH GROUP N.V. CERT
VGP VGP NV
TINC TINC COMM. VA
INGA ING GROEP NV
ADYEN ADYEN NV
BAR BARCO NV
AZE AZELIS GROUP NV
- Guy Sips
- Hilde Van Boxstael
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Wim Hoste
- Wim Lewi
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List – Update October 2023 Adding EVS
We anticipated a weak stock market over 2H23 as corporate profit growth in Europe slows and the US consumer is running out of cheap financing and stimulus. The central banks have let inflation slip away after years of "irrational" quantitative experiments to stoke inflation and are now overcompensating. The market was too optimistic that the interest rate peak would be followed by swift rate cuts as the economy effectively slows down. Now the message has become "high for longer". We started the...
MTLS MATERIALISE ADS
EVS EVS BROADCAST EQUIPMENT SA
XIOR XIOR STUDENT HOUSING N.V.
SOLB SOLVAY SA
UCB UCB S.A.
DIE D'IETEREN SA
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
AED AEDIFICA SA
ONTEX ONTEX GROUP N.V.
TWEKA TKH GROUP N.V. CERT
VGP VGP NV
TINC TINC COMM. VA
INGA ING GROEP NV
ADYEN ADYEN NV
BAR BARCO NV
AZE AZELIS GROUP NV
- Guy Sips
- Jacob Mekhael
- Jeroen Van Den Bossche
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List – Update August 2023 Removing argenx
Since the start of the selection for 2023 (on 8 December 2022), the KBC Securities Dynamic Top Pick List is up 10.8%, outperforming the relevant indices (Bel20, AEX & Eurostoxx50) on average by 4.1%. Since our last publication of the Dynamic Top Pick List (6 July 2023) our list was up 2.9% underperforming these indices on average this month by 1.1%. Best performance since begin July was argenx (+29.9%) In this update we remove this stock from our Dynamic Top Pick List. On the back of argenx' re...
MTLS MATERIALISE ADS
SOLB SOLVAY SA
UCB UCB S.A.
DIE D'IETEREN SA
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
AED AEDIFICA SA
ONTEX ONTEX GROUP N.V.
TWEKA TKH GROUP N.V. CERT
VGP VGP NV
TINC TINC COMM. VA
INGA ING GROEP NV
ARGX ARGEN-X SE
ADYEN ADYEN NV
BAR BARCO NV
AZE AZELIS GROUP NV
- Guy Sips
Materialise Model update after 2Q23 results
We updated our model after Materialise 2Q23 top-line was in line with our expectations and we welcome that profitability guidance for FY23 is maintained despite an unexpected arbitration award granted against them in 2Q23 for a total amount of €5.2m. We maintain our Buy rating and $ 16 Target Price as Materialise delivered another strong operational performance in 2Q23. Its 12% y/y revenue increase was seen in all three of its segments.
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
- Gregory Ramirez
Model update
We reiterate our Neutral rating and have updated our model from Q1 2023 results and new FY 2023 company guidance communicated in April. Materialise expects 2023 revenues up close to the high-end of previously communicated company guidance (+10-12% to EUR255-260m) and adj. EBITDA up to 10% above pre
- Guy Sips
- Jacob Mekhael
- Jeroen Van Den Bossche
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
MTLS MATERIALISE ADS
FAGR FAGRON SA
SOLB SOLVAY SA
UCB UCB S.A.
DIE D'IETEREN SA
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
AED AEDIFICA SA
ONTEX ONTEX GROUP N.V.
TWEKA TKH GROUP N.V. CERT
VGP VGP NV
TINC TINC COMM. VA
INGA ING GROEP NV
ARGX ARGEN-X SE
UMI UMICORE
ADYEN ADYEN NV
BAR BARCO NV
AZE AZELIS GROUP NV
- Benjamin Wolff
- Guy Sips
- Jacob Mekhael
- Jeroen Van Den Bossche
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List – Update June 2023 Adding IBA
Today, we add IBA to our “Dynamic Top Pick List” with a Buy rating and Target Price of € 21.5 ps. Over the past years, IBA has been trading sideways on the back of Covid-19 and supply chain issues, both resulting in backlog delays. However, comparing the company's current profile versus 2019, we believe IBA has become a lot more attractive. Since the start of the selection for 2023 (on 8 December 2022), the Dynamic Top Pick List is up 8.3%, outperforming the relevant indices (Bel20, AEX & Euros...
MTLS MATERIALISE ADS
FAGR FAGRON SA
SOLB SOLVAY SA
UCB UCB S.A.
DIE D'IETEREN SA
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
AED AEDIFICA SA
ONTEX ONTEX GROUP N.V.
TWEKA TKH GROUP N.V. CERT
VGP VGP NV
TINC TINC COMM. VA
INGA ING GROEP NV
ARGX ARGEN-X SE
UMI UMICORE
ADYEN ADYEN NV
AZE AZELIS GROUP NV
Materialise to Hold Annual Shareholders’ Meeting on June 6, 2023
Materialise to Hold Annual Shareholders’ Meeting on June 6, 2023 LEUVEN, Belgium, May 15, 2023 (GLOBE NEWSWIRE) -- Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing software and of sophisticated 3D printing solutions, today announced that it will host its Annual General Shareholders’ Meeting at 10:00 am CEST on Tuesday, June 6, 2023. The convening notices and other documents pertaining to the Annual General Shareholders’ Meeting, including the annual report, will be made available on Materialise's website at on the Corporate Governance page. About Materialis...
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