voxeljet AG Issues Financial Guidance for the Year Ending December 31, 2017
January 27 2017 - 5:08PM
Business Wire
voxeljet AG (NYSE:VJET) (the “Company”, or “voxeljet”), a
leading provider of high-speed, large-format 3D printers and
on-demand parts services to industrial and commercial customers,
today issued financial guidance for the year ending December 31,
2017.
- Revenue is expected to be in the range
of 26.0 million and 28.0 million Euros. This compares to revenue
guidance for the year ended December 31, 2016 of between
22.0 million and 24.0 million Euros, which the Company is
affirming.
- Gross margin is expected to be above
40%.
- Operating expenses for the full year
are expected as follows: SG&A expenses in the range of 9.25
million and 10.25 million Euros, and R&D expenses to be
approximately 4.75 million to 5.75 million Euros. Depreciation
and amortization expense is expected to be between 3.0 million and
4.0 million Euros.
- EBITDA is expected to be
neutral-to-positive in 2017.
- Capital expenditures are projected to
be in the range of 8.0 million to 9.0 million Euros, which
primarily includes ongoing investments in our global
subsidiaries.
Rudi Franz, Chief Operating Officer and Chief Financial Officer
of voxeljet, commented: “We enter 2017 with momentum as both
customer interest and quoting activity remains strong and the
outlook for 3D printer sales for industrial production applications
is positive. We focus on speed to market and lowering our costs to
serve our customers more effectively. Our key initiatives for
achieving these objectives include standardization of our product
portfolio as well as optimized internal processes. To further push
sales, we successfully introduced a group-wide CRM-tool, SAP Cloud
for Customer. I expect this to have a significant positive impact
on our future sales, as it will help us to better coordinate our
activities and leverage our global reach.”
The Company will release its financial results for the fourth
quarter and year ended December 31, 2016 after the closing of the
financial markets on Thursday, March 30, 2017.
About voxeljet
voxeljet is a leading provider of high-speed, large-format 3D
printers and on-demand parts services to industrial and commercial
customers. The Company’s 3D printers employ a powder binding,
additive manufacturing technology to produce parts using various
material sets, which consist of particulate materials and
proprietary chemical binding agents. The Company provides its 3D
printers and on-demand parts services to industrial and commercial
customers serving the automotive, aerospace, film and
entertainment, art and architecture, engineering and consumer
product end markets. For more information, visit
http://www.voxeljet.com.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements
concerning our business, operations and financial performance. Any
statements that are not of historical facts may be deemed to be
forward-looking statements. You can identify these forward-looking
statements by words such as ‘‘believes,’’ ‘‘estimates,’’
‘‘anticipates,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’
‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ or other
similar expressions that convey uncertainty of future events or
outcomes. Forward-looking statements include statements regarding
our intentions, beliefs, assumptions, projections, outlook,
analyses or current expectations concerning, among other things,
our results of operations, financial condition, business outlook,
the industry in which we operate and the trends that may affect the
industry or us. Although we believe that we have a reasonable basis
for each forward-looking statement contained in this press release,
we caution you that forward-looking statements are not guarantees
of future performance. All of our forward-looking statements are
subject to known and unknown risks, uncertainties and other factors
that are in some cases beyond our control and that may cause our
actual results to differ materially from our expectations,
including those risks identified under the caption “Risk Factors”
in the Company’s Annual Report on Form 20-F and in other reports
the Company files with the U.S. Securities and Exchange Commission.
Except as required by law, the Company undertakes no obligation to
publicly update any forward-looking statements for any reason after
the date of this press release whether as a result of new
information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170127005732/en/
voxeljet AGInvestors and MediaJohannes
PeschDirector, Investor Relations and Business
Developmentjohannes.pesch@voxeljet.de+49-821-7483-172
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