Materialise NV Reiterated FY23 Revenue of €255M-€260M Vs. $278.86M Est
Portfolio Pulse from Benzinga Newsdesk
Materialise NV has reiterated its FY23 revenue guidance of €255M-€260M, which is lower than the estimated $278.86M. The company's confidence in this projection is bolstered by the revenue growth seen across all business segments in the first nine months of the year, despite challenging macro-economic circumstances. The Adjusted EBITDA guidance for FY23 remains between 28,000 kEUR and 33,000 kEUR.
October 26, 2023 | 10:40 am
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Materialise NV's reiterated FY23 revenue guidance is lower than the estimated $278.86M. Despite this, the company's confidence is boosted by revenue growth across all business segments.
Materialise NV's FY23 revenue guidance is lower than the market estimate, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term. However, the company's confidence in its guidance, backed by strong revenue growth across all business segments, may mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100