3D printer manufacturer Stratasys has announced its financial results for the third quarter of 2023. At USD 162.1 million, turnover was almost on a par with the previous year. Adjusted for sales by subsidiaries, there was a slight increase of 3.3 percent.
According to Stratasys, demand for consumables for 3D printers was at a record level, which indicates high printer capacity utilization. The quarterly loss after tax amounted to 47.3 million dollars, but adjusted for special effects, Stratasys achieved a profit of 2.4 million dollars.
Stratasys CEO Yoav Zeif was satisfied with the operational development. Solid results were achieved and an adjusted profit was posted for the ninth consecutive quarter. By focusing and innovating, Stratasys sees itself well positioned for further growth.
For the year as a whole, the company now expects sales of 620 to 630 million dollars, compared to 640 to 680 million dollars previously. This is due to the sale of parts of the company and the economic slowdown. Nevertheless, Stratasys expects a slight profit for the year as a whole.
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