Mission Statement, Vision, & Core Values (2024) of Materialise NV (MTLS)

An Overview of Materialise NV (MTLS)

General Summary of Materialise NV (MTLS)

Materialise NV, founded in 1990 and headquartered in Leuven, Belgium, is a pioneer in the field of 3D printing and additive manufacturing. The company offers a range of software solutions and 3D printing services tailored to various industries, including healthcare, automotive, aerospace, and consumer goods. Their products include Materialise Magics, a leading software for data preparation and management in 3D printing, and Materialise Medical, which provides solutions for surgical planning and patient-specific medical devices.

As of 2024, Materialise has reported consolidated revenue of approximately 201,085 kEUR for the first nine months of the year, reflecting growth across all business segments. The company’s focus on innovation and quality has established it as a trusted partner in the 3D printing industry, with a significant market presence and a comprehensive portfolio of services.

Company's Financial Performance in the Latest Financial Reports

In the third quarter of 2024, Materialise NV achieved a consolidated revenue of 68,652 kEUR, marking a 14.2% increase compared to 60,130 kEUR in the same period of 2023. The revenue growth was propelled by strong performance in the Materialise Medical segment, which saw an increase of 24.5% to 30,197 kEUR from 24,263 kEUR in the prior year.

For the nine months ended September 30, 2024, Materialise reported a total revenue of 201,085 kEUR, up from 190,832 kEUR in the same period of 2023. The company’s gross profit margin improved to 57.2%, up from 56.0% year-over-year. Despite a decrease in net profit to 10,500 kEUR from 7,234 kEUR, the company’s operational performance remains robust, with an Adjusted EBIT guidance for the full year projected between 11,000 kEUR and 14,000 kEUR.

Introduction to Materialise NV as a Leader in the Industry

Materialise NV stands out as a leader in the 3D printing and additive manufacturing industry, leveraging over 30 years of experience to provide innovative solutions that cater to diverse sectors. The company combines one of the largest groups of software developers in the sector with extensive 3D printing capabilities, making it a go-to partner for organizations looking to implement advanced manufacturing technologies.

With a strategic focus on R&D and a commitment to quality, Materialise continues to expand its market presence and enhance its service offerings. The company’s success can be attributed to its ability to adapt to industry changes and meet evolving customer needs, ensuring that it remains at the forefront of the additive manufacturing landscape. For more insights into Materialise’s strategies and offerings, further exploration is encouraged.

Mission Statement of Materialise NV (MTLS)

Company's Mission Statement

Materialise NV (MTLS) is dedicated to leveraging its extensive experience in 3D printing technology to provide innovative solutions that enhance the quality of life across various sectors. The mission statement emphasizes the commitment to technological advancement, customer satisfaction, and continuous improvement in operational efficiency. This guiding principle is crucial for aligning the company's strategies with its long-term objectives, ultimately aiming to establish Materialise as a leader in the additive manufacturing industry.

Core Component 1: Innovation

At the heart of Materialise's mission is a strong focus on innovation. The company invests significantly in research and development (R&D) to drive advancements in 3D printing technology. For instance, in the third quarter of 2024, Materialise's R&D expenses amounted to 12,292 kEUR, up from 10,979 kEUR in the previous year, reflecting a commitment to developing new solutions and enhancing existing products.

Core Component 2: Quality

Materialise prioritizes quality in its product offerings, aiming to deliver reliable and superior services to its clients. The gross profit margin for the third quarter of 2024 was reported at 57.2%, an increase from 56.0% in the same period of 2023. This improvement indicates the company's effectiveness in managing costs while enhancing service quality.

Core Component 3: Customer Satisfaction

The mission statement underscores the importance of customer satisfaction. Materialise's business segments, particularly Materialise Medical, have shown robust growth, with revenues increasing by 24.5% to 30,197 kEUR in Q3 2024 compared to 24,263 kEUR in Q3 2023. This growth demonstrates the company's ability to meet and exceed customer expectations in the healthcare sector.

Vision Statement of Materialise NV (MTLS)

Vision Statement Overview

Materialise NV (MTLS) aims to lead the 3D printing industry by providing innovative solutions that enhance the quality of life through advanced technology and services.

Commitment to Innovation

Materialise's vision emphasizes a strong commitment to innovation. The company invests significantly in research and development (R&D), with R&D expenses for the third quarter of 2024 amounting to 12,292 kEUR, up from 10,979 kEUR in the same quarter of 2023. This reflects an increase of approximately 11.9%.

Market Leadership and Growth

As of September 30, 2024, Materialise reported a consolidated revenue of 68,652 kEUR, marking a 14.2% increase compared to 60,130 kEUR in the third quarter of 2023. The company is focused on expanding its market presence, particularly in the healthcare sector, where revenue from the Materialise Medical segment grew by 24.5% to 30,197 kEUR.

Sustainable Practices

Materialise prioritizes sustainability in its operations. The company’s focus on sustainable practices is reflected in its operational efficiencies and waste reduction initiatives. The gross profit as a percentage of revenue improved to 57.2% in Q3 2024 from 56.0% in Q3 2023, indicating better resource utilization.

Global Impact and Community Engagement

The vision of Materialise extends to making a positive impact on global communities. The company actively engages in projects that leverage its technology for social good, particularly in healthcare applications that improve patient outcomes.

Financial Performance Metrics

Materialise's financial performance demonstrates resilience and growth. The net profit for Q3 2024 was 3,038 kEUR, compared to 4,013 kEUR in Q3 2023. Despite this decrease, the company's Adjusted EBIT rose significantly by 89% to 4,408 kEUR, showcasing strong operational performance.

Future Outlook

Looking ahead, Materialise projects full-year 2024 revenues within the range of 265,000 to 275,000 kEUR and maintains an Adjusted EBIT guidance of 11,000 kEUR to 14,000 kEUR, reflecting confidence in continued growth and market expansion strategies.

Core Values of Materialise NV (MTLS)

Innovation

Materialise NV values innovation as a core principle, driving its commitment to developing cutting-edge 3D printing technologies and software solutions. In 2024, the company has focused on enhancing its product offerings through significant investments in research and development.

In the third quarter of 2024, Materialise reported a research and development expenditure of 12,292 kEUR, reflecting a 12.6% increase from 10,979 kEUR in the same period of the previous year. This commitment to innovation has resulted in the introduction of new features in their Materialise Magics software, which streamlines the 3D printing process for users across various industries.

Integrity

The core value of integrity at Materialise is demonstrated through transparency in operations and ethical business practices. The company maintains a strong ethical framework, ensuring that all stakeholders are treated fairly.

Materialise's financial reports reflect this integrity, with a net profit for the third quarter of 2024 reported at 3,038 kEUR, compared to 4,013 kEUR in the same quarter of 2023. The company has consistently adhered to rigorous financial disclosures, allowing investors to make informed decisions based on accurate data.

Collaboration

Collaboration is central to Materialise's operational strategy, fostering partnerships that enhance product development and market reach. The company has established strategic alliances with various organizations, including healthcare institutions to advance medical 3D printing solutions.

In 2024, Materialise's collaboration efforts led to a 24.5% increase in revenue within its Materialise Medical segment, reaching 30,197 kEUR in the third quarter. This growth underscores the effectiveness of collaborative initiatives in driving innovation and expanding market presence.

Sustainability

Materialise is deeply committed to sustainability, integrating eco-friendly practices into its business model. The company actively seeks to minimize its environmental footprint through efficient resource management and sustainable manufacturing processes.

As part of its sustainability efforts, Materialise has invested in advanced technologies that reduce waste during the 3D printing process. Their initiatives have contributed to a gross profit margin of 57.2% in the third quarter of 2024, as they focus on optimizing production efficiency.

Customer Focus

Materialise prioritizes customer focus, ensuring that its products and services meet the evolving needs of its clients. The company engages with customers to gather feedback and tailor solutions accordingly.

The increase in total revenue by 14.2% to 68,652 kEUR in the third quarter of 2024, up from 60,130 kEUR in the same period last year, highlights Materialise's responsiveness to customer demands. This focus on customer satisfaction is reflected in their continuous enhancement of software capabilities and customer support services.

Article updated on 8 Nov 2024

Resources:

• Materialise NV (MTLS) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Materialise NV (MTLS)' financial performance, including balance sheets, income statements, and cash flow statements.
• SEC Filings – View Materialise NV (MTLS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.