voxeljet AG Reports Financial Results for the Third Quarter Ended September 30, 2019

(1)The Company has initially applied IFRS 16 as of January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of initially applying IFRS 16 is recognized in retained earnings at the date of initial application. For further information, see Note 2 of the condensed consolidated interim financial statements.

10. Revenues

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30,

 

 

SYSTEMS

 

SERVICES

 

 

2019

 

2018

 

2019

 

2018

 

 

(€ in thousands)

Primary geographical markets

 

 

 

 

 

 

 

 

EMEA

 

946

 

770

 

1,639

 

2,165

Asia Pacific

 

221

 

2,163

 

212

 

106

Americas

 

469

 

811

 

949

 

1,106

 

 

1,636

 

3,744

 

2,800

 

3,377

 

 

 

 

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

 

 

 

 

Products transferred at a point in time

 

1,235

 

3,647

 

2,800

 

3,377

Products and services transferred over time

 

401

 

97

 

--

 

--

Revenue from contracts with customers

 

1,636

 

3,744

 

2,800

 

3,377

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30,

 

 

SYSTEMS

 

SERVICES

 

 

2019

 

2018

 

2019

 

2018

 

 

(€ in thousands)

Primary geographical markets

 

 

 

 

 

 

 

 

EMEA

 

2,782

 

2,832

 

5,119

 

6,925

Asia Pacific

 

1,151

 

3,014

 

712

 

472

Americas

 

2,247

 

1,156

 

3,040

 

3,036

 

 

6,180

 

7,002

 

8,871

 

10,433

 

 

 

 

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

 

 

 

 

Products transferred at a point in time

 

5,360

 

6,485

 

8,871

 

10,433

Products and services transferred over time

 

820

 

517

 

0

 

0

Revenue from contracts with customers

 

6,180

 

7,002

 

8,871

 

10,433

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30,

 

Nine months ended September 30,

 

 

2019

 

2018

 

2019

 

2018

 

 

(€ in thousands)

 

(€ in thousands)

EMEA

 

2,585

 

2,935

 

7,901

 

9,757

Germany

 

1,231

 

1,546

 

3,606

 

4,284

France

 

399

 

397

 

1,039

 

2,146

Sweden

 

102

 

46

 

318

 

209

Others

 

853

 

946

 

2,938

 

3,118

Asia Pacific

 

433

 

2,269

 

1,863

 

3,486

Indonesia

 

7

 

1,758

 

55

 

1,784

China

 

242

 

132

 

734

 

460

South Korea

 

135

 

361

 

481

 

667

Others

 

49

 

18

 

593

 

575

Americas

 

1,418

 

1,917

 

5,287

 

4,192

United States

 

1,289

 

1,871

 

5,096

 

4,125

Others

 

129

 

46

 

191

 

67

Total

 

4,436

 

7,121

 

15,051

 

17,435


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