Materialise NV

Good day, and thank you for standing by. Welcome to the Q3 2023 Materialized Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will hear an automated message advising that your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the call over to our first speaker for today. Let me please introduce Harriet Freed of LHA.

Thank you for joining us today for Materialize's quarterly conference call. With us on the call are Fried van Kraan, Founder and Chief Executive Officer of Materialize, Peter Leys, Executive Chairman, and Koen Berges, Chief Financial Officer. Today's call and webcast are being accompanied by a slide presentation that reviews Materialize's strategic, financial, and operational performance for the third quarter of 2023. To access the slides, if you've not already done so, please go to the investor relations section of the company's website at www.materialize.com. The earnings press release issued earlier today can also be found on that page. Before we get started, I'd like to remind you that management may make forward-looking statements regarding the company's plans, expectations, and growth prospects, among other things. These forward-looking statements are subject to known and unknown uncertainties and risks. that could cause actual results to differ materially from the expectations expressed, including competitive dynamics and industry change. Any forward-looking statements, including those related to the company's future results and activities, represent management's estimates as of today and should not be relied upon as representing their estimates as of any subsequent day. Management disclaims any duty to update or revise any forward-looking statements to reflect future events or changes in expectations. A more detailed description of the risks and uncertainties and other factors that may impact the company's future business or financial results can be found in the company's most recent annual report on Form 20F filed with the SEC. Finally, management will discuss non-IFRS measures on today's call. A reconciliation table is contained in the earnings release and also at the end of the slide presentation. With that, I'd like to turn the call over to Peter Lais. Go ahead, please, Peter.

Thank you, Harriet, and thank you, everyone, for joining us today. As always, you can find the agenda for our call on slide number three. First, I will summarize the highlights of our financial results for the third quarter of this year. Then I will pass the floor immediately to Koen, who will go through our third quarter numbers in more detail. And after that, Frit will give you some insights on the dynamics of the changing landscape of additive manufacturing software, and also on the exciting upcoming changes within our company Materialise. And finally, I will come back and explain what we believe the rest of the year will bring. When we've completed our prepared remarks, we will be happy to respond to any questions that you may have. So, let's turn to slide four, which summarizes the highlights of the previous quarter. In the third quarter of 2023, we recorded €60.1 million in revenues, which represents a growth of 3% compared to last year's period, and this in spite of the difficult economic circumstances. Our adjusted EBITDA for the quarter increased by 55% to 7.9 million euro compared to 5.1 million euro last year, representing an EBITDA margin of 13.1%. Our net results for the quarter amounts to 4 million euro or 7 cents per share. And with that, I would like to now pass the floor to Koen.