Materialise, which creates additive manufacturing (AM) software, has reported a total revenue increase of 33% to €50,713K for Q2 of 2021, up from €38,117K in the same period of 2020.
Revenue from its Software segment increased 5.2% to €10,032K for Q2 of 2021, from €9,540K for the same quarter last year.
‘Our strong second quarter results reflect our swift recovery from the Covid-19 crisis: on a sequential basis, our revenues grew by 11.3% compared to the first quarter of 2021 and our Adjusted EBITDA grew by almost 30% compared to the same quarter,’ said executive chairman Peter Leys. ‘Assuming that the current positive, albeit fragile and fairly diverse, global trend of businesses gradually recovering from the […] pandemic continues, we currently expect our consolidated revenues for 2021 to exceed their pre-pandemic level during 2019 (€197,000K), with the likelihood of coming close to €200,000K.’
This story uses material from Materialise, with editorial changes made by Materials Today.