voxeljet (VJTTY) 6-K 27 Nov 18 2018 Q3 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	voxeljet AG
Entity Central Index Key	1,582,581
Document Type	6-K
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - EUR (€) € in Thousands		Sep. 30, 2018	Dec. 31, 2017
Current assets
Current assets		€ 30,086	€ 37,494	[1]
Cash and cash equivalents		3,101	7,569	[1]
Financial assets		9,934	14,044	[1]
Trade receivables		4,727	5,093	[1]
Inventories		10,686	9,259	[1]
Income tax receivables		16	3	[1]
Other assets		1,622	1,526	[1]
Non-current assets
Non-current assets		29,683	29,508	[1]
Financial assets		268	357	[1]
Intangible assets		1,410	1,111	[1]
Property, plant and equipment		27,914	27,949	[1]
Investments in joint venture		30	39	[1]
Other assets		61	52	[1]
Total assets		59,769	67,002	[1]
Current liabilities
Current liabilities		7,557	6,576	[1]
Deferred income		21	271	[1]
Trade payables		3,250	3,059	[1]
Contract liabilities		1,366
Financial liabilities		940	1,162	[1]
Other liabilities and provisions		1,980	2,084	[1]
Non-current liabilities
Non-current liabilities		16,582	16,537	[1]
Deferred income	[1]		18
Deferred tax liabilities		72	66	[1]
Financial liabilities		16,334	16,413	[1]
Other liabilities and provisions		176	40	[1]
Equity
Equity		35,630	43,889	[1]
Subscribed capital		3,720	3,720	[1]
Capital reserves		76,704	76,227	[1]
Accumulated deficit		(46,111)	(37,509)	[1]
Accumulated other comprehensive income		1,271	1,380	[1]
Equity attributable to the owners of the company		35,584	43,818	[1]
Non controlling interest		46	71	[1]
Total equity and liabilities		€ 59,769	€ 67,002	[1]
[1]	Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - EUR (€) € in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	[1]	Sep. 30, 2018	Sep. 30, 2017	[1]
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Revenues	€ 7,121	€ 7,387		€ 17,435	€ 17,070
Cost of sales	(4,810)	(4,236)		(11,141)	(10,349)
Gross profit	2,311	3,151		6,294	6,721
Selling expense	(1,990)	(1,615)		(5,384)	(4,400)
Administrative expenses	(1,494)	(1,354)		(4,118)	(3,702)
Research and development expenses	(1,660)	(1,142)		(4,771)	(3,954)
Other operating expenses	(195)	(414)		(612)	(1,605)
Other operating income	267	384		1,036	766
Operating loss	(2,761)	(990)		(7,555)	(6,174)
Finance expense	(1,086)	(41)		(962)	(90)
Finance income	44	5		60	12
Financial result	(1,042)	(36)		(902)	(78)
Loss before income taxes	(3,803)	(1,026)		(8,457)	(6,252)
Income taxes	6			(7)
Net loss	(3,797)	(1,026)		(8,464)	(6,252)	[2]
Other comprehensive income	(18)	67		(109)	397
Total comprehensive loss	(3,815)	(959)		(8,573)	(5,855)
Loss attributable to:
Owners of the Company	(3,787)	(1,021)		(8,439)	(6,238)
Non-controlling interests	(10)	(5)		(25)	(14)
Net loss	(3,797)	(1,026)		(8,464)	(6,252)	[2]
Total comprehensive loss attributable to:
Owners of the Company	(3,805)	(954)		(8,548)	(5,841)
Non-controlling interests	(10)	(5)		(25)	(14)
Total comprehensive loss	€ (3,815)	€ (959)		€ (8,573)	€ (5,855)
Weighted average number of ordinary shares outstanding (in shares)	3,720,000	3,720,000		3,720,000	3,720,000
Loss per share - basic/ diluted (in EUR per share)	€ (1.02)	€ (0.27)		€ (2.27)	€ (1.68)
[1]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[2]	Comparative figures for the 9-month period ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - EUR (€) € in Thousands		Equity attributable to owners of parent	Subscribed capital	Capital Reserves	Accumulated deficit	Accumulated other comprehensive gain (loss)	Non-controlling interests	Total
Balance at the beginning at Dec. 31, 2016		€ 51,449	€ 3,720	€ 75,827	€ (28,971)	€ 873	€ 87	€ 51,536
Loss for the period								(2,496)
Balance at the end at Mar. 31, 2017								49,055
Balance at the beginning at Dec. 31, 2016		51,449	3,720	75,827	(28,971)	873	87	51,536
Loss for the period								(5,226)
Balance at the end at Jun. 30, 2017								46,762
Balance at the beginning at Dec. 31, 2016		51,449	3,720	75,827	(28,971)	873	87	51,536
Loss for the period		(6,238)			(6,238)		(14)	(6,252)	[1],[2]
Net changes in fair value of available for sale financial assets		1				1		1
Foreign currency translation		396				396		396
Equity-settled share-based payment		254		254				254
Balance at the end at Sep. 30, 2017	[3]	45,862	3,720	76,081	(35,209)	1,270	73	45,935
Balance at the beginning at Dec. 31, 2016		51,449	3,720	75,827	(28,971)	873	87	51,536
Loss for the period								(8,554)
Balance at the end (Previously stated) at Dec. 31, 2017	[3]	43,818	3,720	76,227	(37,509)	1,380	71	43,889
Balance at the end (IFRS 15-Revenue from Contracts with Customers) at Dec. 31, 2017		(100)			(100)			(100)
Balance at the end (Initial application) at Dec. 31, 2017		43,655	3,720	76,227	(37,672)	1,380	71	43,726
Balance at the end (IFRS 9-Financial Instruments) at Dec. 31, 2017		(63)			(63)			(63)
Balance at the end at Dec. 31, 2017	[4]							43,889
Balance at the beginning at Mar. 31, 2017								49,055
Loss for the period								(2,730)
Balance at the end at Jun. 30, 2017								46,762
Loss for the period	[1]							(1,026)
Balance at the end at Sep. 30, 2017	[3]	45,862	3,720	76,081	(35,209)	1,270	73	45,935
Loss for the period								(2,302)
Balance at the end (Previously stated) at Dec. 31, 2017	[3]	43,818	3,720	76,227	(37,509)	1,380	71	43,889
Balance at the end (IFRS 15-Revenue from Contracts with Customers) at Dec. 31, 2017		(100)			(100)			(100)
Balance at the end (Initial application) at Dec. 31, 2017		43,655	3,720	76,227	(37,672)	1,380	71	43,726
Balance at the end (IFRS 9-Financial Instruments) at Dec. 31, 2017		(63)			(63)			(63)
Balance at the end at Dec. 31, 2017	[4]							43,889
Loss for the period								(1,716)
Balance at the end at Mar. 31, 2018								42,060
Balance at the beginning (Previously stated) at Dec. 31, 2017	[3]	43,818	3,720	76,227	(37,509)	1,380	71	43,889
Balance at the beginning (IFRS 15-Revenue from Contracts with Customers) at Dec. 31, 2017		(100)			(100)			(100)
Balance at the beginning (Initial application) at Dec. 31, 2017		43,655	3,720	76,227	(37,672)	1,380	71	43,726
Balance at the beginning (IFRS 9-Financial Instruments) at Dec. 31, 2017		(63)			(63)			(63)
Balance at the beginning at Dec. 31, 2017	[4]							43,889
Loss for the period								(4,667)
Balance at the end at Jun. 30, 2018								39,267
Balance at the beginning (Previously stated) at Dec. 31, 2017	[3]	43,818	3,720	76,227	(37,509)	1,380	71	43,889
Balance at the beginning (IFRS 15-Revenue from Contracts with Customers) at Dec. 31, 2017		(100)			(100)			(100)
Balance at the beginning (Initial application) at Dec. 31, 2017		43,655	3,720	76,227	(37,672)	1,380	71	43,726
Balance at the beginning (IFRS 9-Financial Instruments) at Dec. 31, 2017		(63)			(63)			(63)
Balance at the beginning at Dec. 31, 2017	[4]							43,889
Loss for the period | Previously stated								(8,327)
Loss for the period | IFRS 15-Revenue from Contracts with Customers								137
Loss for the period		(8,439)			(8,439)		(25)	(8,464)
Net changes in fair value of available for sale financial assets		(1)				(1)		(1)
Foreign currency translation		(108)				(108)		(108)
Equity-settled share-based payment		477		477				477
Balance at the end (Previously stated) at Sep. 30, 2018								35,857
Balance at the end (IFRS 15-Revenue from Contracts with Customers) at Sep. 30, 2018								227
Balance at the end at Sep. 30, 2018		35,584	3,720	76,704	(46,111)	1,271	46	35,630
Balance at the beginning at Mar. 31, 2018								42,060
Loss for the period								(2,949)
Balance at the end at Jun. 30, 2018								39,267
Loss for the period								(3,797)
Balance at the end (Previously stated) at Sep. 30, 2018								35,857
Balance at the end (IFRS 15-Revenue from Contracts with Customers) at Sep. 30, 2018								227
Balance at the end at Sep. 30, 2018		€ 35,584	€ 3,720	€ 76,704	€ (46,111)	€ 1,271	€ 46	€ 35,630
[1]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[2]	Comparative figures for the 9-month period ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[3]	Comparative figures for the 9-month period ended September 30, 2017 and for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[4]	Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - EUR (€) € in Thousands		9 Months Ended
		Sep. 30, 2018		Sep. 30, 2017
Cash Flow from operating activities
Loss for the period		€ (8,464)		€ (6,252)	[1],[2]
Depreciation and amortization		2,605		2,272	[2]
Foreign currency exchange differences on loans to subsidiaries		203		213	[2]
Equity-settled share-based payment transaction		477		254	[2]
Impairment losses on trade receivables		158		214	[2]
Change in investment in joint venture		9
Non-cash interest expense on long-term debt		581
Change in fair value of derivative equity forward		89
Change in inventory allowance		(361)		(404)	[2]
Deferred income taxes		6
Change in working capital		(1,567)		(2,869)	[2]
Trade and other receivables, inventories and current assets		(2,875)		(2,824)	[2]
Trade payables		191		455	[2]
Other liabilities, contract liabilities, provisions and deferred income		1,130		(505)	[2]
Income tax receivable and payable		(13)		5	[2]
Total		(6,264)		(6,572)	[2]
Cash Flow from investing activities
Payments to acquire property, plant and equipment and intangible assets		(1,446)		(2,118)	[2]
Proceeds from disposal of financial assets		10,288		1,835	[2]
Payments to acquire financial assets		(6,178)
Investment in joint venture	[2]			(50)
Total		2,664		(333)	[2]
Cash Flow from financing activities
Repayment of bank overdrafts and lines of credit		(58)		(94)	[2]
Repayment of sale and leaseback obligation		(235)		(292)	[2]
Repayment of finance lease obligation		(35)		(33)	[2]
Repayment of long-term debt		(594)		(533)	[2]
Proceeds from long-term debt issuance		40		2,611	[2]
Total		(882)		1,659	[2]
Net increase (decrease) in cash and cash equivalents		(4,482)		(5,246)	[2]
Cash and cash equivalents at beginning of period		7,569	[3]	7,849	[2]
Changes to cash and cash equivalents due to foreign exchanges rates		14		184	[2]
Cash and cash equivalents at end of period		3,101		2,787	[2]
Supplemental Cash Flow Information
Interest paid		171		159	[2]
Interest received		€ 39		€ 14	[2]
[1]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[2]	Comparative figures for the 9-month period ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[3]	Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Preparation of financial statem

Preparation of financial statements	9 Months Ended
	Sep. 30, 2018
Preparation of financial statements
Preparation of financial statements	1. Preparation of financial statements Our consolidated interim financial statements include the accounts of voxeljet AG , which is listed on the New York Stock Exchange, and its wholly-owned subsidiaries voxeljet America Inc., voxeljet UK Ltd. and voxeljet India Pvt. Ltd., as well as voxeljet China Co. Ltd., which are collectively referred to herein as the ‘Group’ or the ‘Company.’ Our consolidated interim financial statements were prepared in compliance with all applicable measurement and presentation rules contained in International Financial Reporting Standards (‘IFRS’) as set forth by the International Accounting Standards Board (‘IASB’) and Interpretations of the IFRS Interpretations Committee (‘IFRIC’). The designation IFRS also includes all valid International Accounting Standards (‘IAS’); and the designation IFRIC also includes all valid interpretations of the Standing Interpretations Committee (‘SIC’). Specifically, these financial statements were prepared in accordance with the disclosure requirements and the measurement principles for interim financial reporting purposes specified by IAS 34. Correction of errors Certain comparative amounts in the consolidated statements of financial position, consolidated statements of comprehensive loss, consolidated statements of changes in equity, consolidated statements of cashflows have been restated to correct for immaterial errors with respect to the elimination of margin on certain intra-group transactions. The impact of this restatement is disclosed in Note 9. “Correction of errors”. Throughout the consolidated financial statements, columns including comparative figures that have been restated, are indicated with ‘(1)’ . The IASB issued a number of new IFRS standards which are required to be adopted in annual periods beginning after January 1, 2018. Standard Effective date Descriptions IFRS 9 01/2019 Amendments Prepayment Features with Negative Compensation IFRS 16 01/2019 Leases IAS 19 01/2019 Amendments Plan Amendment, Curtailment or Settlement IAS 28 01/2019 Amendments Long-term Interests in Associates and Joint Ventures IFRIC 23 01/2019 Uncertainty over Income Tax Treatments Improvements to IFRS (2015-2017) 01/2019 IFRS 3, IFRS 11, IAS 12, IAS 23 Others 01/2020 Amendments References to the Conceptual Framework in IFRS Standards IFRS 17 01/2021 Insurance Contracts IFRS 10, IAS 28 indefinite Amendment Sale or Contribution of Assets between Investor and its Associate or Joint Venture IFRS 16 leases is the IASB’s replacement of IAS 17 leases and specifies how an IFRS reporter will recognize, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value. Lessors continue to classify leases as operating or finance, with IFRS 16’s approach to lessor accounting substantially unchanged from its predecessor, IAS 17. The Company has developed a project plan to analyze the potential impact IFRS 16 will have on its consolidated financial statements and related disclosures as well as its business processes, systems and controls. The introduction of IFRS 16 will lead to an increase in leased assets (right of use assets) and corresponding financial liabilities on the balance sheet as well as higher interest expenses. The interim financial statements as of and for the nine months ended September 30, 2018 and 2017 were authorized for issue by the Management Board on November 27, 2018.

Summary of significant accounti

Summary of significant accounting policies	9 Months Ended
	Sep. 30, 2018
Summary of significant accounting policies
Summary of significant accounting policies	2. Summary of significant accounting policies Except as described below, the accounting policies applied in these consolidated interim financial statements are the same as those applied in the Company’s consolidated financial statements as of and for the year ended December 31, 2017, which can be found in its Annual Report on Form 20-F that was filed with the U.S. Securities and Exchange Commission. The changes in accounting policies are also expected to be reflected in the Company’s consolidated financial statements as of and for the year ending December 31, 2018. The Group has initially adopted IFRS 15, Revenue from Contracts with Customers , and IFRS 9, Financial Instruments , on January 1, 2018. A number of other new standards are effective from January 1, 2018 but these do not have a material effect on the Company’s consolidated financial statements. - The adoption of IFRS 15 resulted in minor impacts related to the revenue recognition regarding the revenue streams from maintenance as well as extended warranty contracts. Those impacts include immaterial timing differences for revenue recognition related to these types of contracts with customers. The new guidance is not expected to have a material impact to net income (loss) on an ongoing basis. - The adoption of IFRS 9 resulted in a minor increase in impairment losses recognized on trade receivables. IFRS 15 Revenue from Contracts with Customers IFRS 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognized. It replaced IAS 18, Revenue, IAS 11, Construction Contracts , and related interpretations. The Group has adopted IFRS 15 using the cumulative effect method, with the effect of initially applying this standard recognized at the date of initial application (i.e. January 1, 2018). Accordingly, the information presented for 2017 has not been restated – i.e. it is presented, as previously reported, under IAS 18, IAS 11 and related interpretations. The following table summarizes the impact, net of tax, of transition to IFRS 15 on retained earnings as of January 1, 2018. Impact at January 1, 2018 Impact on adopting IFRS 15 at January 1, 2018 (€ in thousands) Retained earnings Recognition of revenues from maintenance and extended warranty contracts The following table summarizes the impacts of adopting IFRS 15 on the Company’s consolidated interim consolidated statement of financial position as of September 30, 2018 and its consolidated interim statement of comprehensive loss for the nine months then ended for each of the line items affected. Amounts without 09/30/2018 As reported Adjustments adoption of IFRS 15 (€ in thousands) Total assets 59,769 (327) 59,442 Current assets 30,086 (327) 29,759 Trade receivables 4,727 (327) 4,400 Total equity and liabilities 59,769 (327) 59,442 Current liabilities 7,557 (554) 7,003 Deferred income 21 256 277 Contract liabilities 1,366 (1,366) -- Other liabilities and provisions 1,980 556 2,536 Equity 35,630 227 35,857 Accumulated deficit (46,111) 227 (45,884) Amounts without 09/30/2018 As reported Adjustments adoption of IFRS 15 (€ in thousands) Revenue 17,435 127 17,562 Impairment loss on trade receivables under IFRS 15 (10) 10 -- Operating loss (7,555) 137 (7,418) Loss before income taxes (8,457) 137 (8,320) Net loss (8,464) 137 (8,327) Total comprehensive loss (8,573) 137 (8,436) The details of the new accounting policies and the nature of the changes to previous accounting policies in relation to the Group’s revenue streams in relation to the Maintenance and extended warranty contracts are set out below. After the initial one year of statutory warranty period, the Company offers its customers extended warranty and optional maintenance contracts. Extended warranty and maintenance contracts are generally provided for a period of twelve months and automatically extended for another twelve months if not cancelled on a timely basis. Before the adoption of IFRS 15 extended warranty and maintenance service revenue has been recognized on a straight-line basis over the contractual term. Under IFRS 15, the Company recognizes revenue based on input factors like the number of service visits or the provision of certain goods, in particular printheads under the maintenance and warranty contracts. Therefore the expected number of service visits and goods to be provided under a contract have been estimated by the Company’s service department based on historical experience. This leads to minor timing differences for revenue recognition related to these types of contracts with customers throughout the contract term. IFRS 9 Financial Instruments IFRS 9 sets out requirements for recognizing and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. This standard replaces IAS 39, Financial Instruments . The Company has applied the exemption not to restate comparative information for prior periods with respect to classification and measurement (including impairment) requirements. Differences in the carrying amounts of financial assets and financial liabilities resulting from the adoption of IFRS 9 are recognized in retained earnings and reserves as of January 1, 2018. Accordingly, the information presented for 2017 does not reflect the requirements of IFRS 9 but rather those of IAS 39. The details of new significant accounting policies and the nature and effect of the changes to previous accounting policies are set out below. Classification and measurement of financial assets and financial liabilities IFRS 9 largely retains the existing requirements in IAS 39 for the classification and measurement of financial liabilities. However, it eliminates the previous IAS 39 categories for financial assets of held to maturity, loans and receivables and available for sale. Under IFRS 9, on initial recognition, a financial asset is classified as measured at: amortized cost, fair value through other comprehensive income (FVOCI), or fair value through profit or loss (FVTPL). The classification of financial assets under IFRS 9 is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. On initial recognition of an equity investment that is not held for trading, the Company may irrevocably elect to record subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment basis. All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. On initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. A financial asset (unless it is a trade receivable without a significant financing component that is initially measured at the transaction price) is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition. Under IFRS 9, our investments in bond funds will be classified as fair value through other comprehensive income (FVTOCI). As permitted by IFRS 9, the Company has designated these investments at the date of initial application as measured at FVOCI. Unlike IAS 39, the accumulated fair value reserve related to these investments will never be reclassified to profit or loss. Under IAS 39 as well as upon adoption of IFRS 9, our derivative financial instruments have been designated as at FVTPL. Impairment of financial assets IFRS 9 replaces the ‘incurred loss’ model in IAS 39 with an ‘expected credit loss’ (ECL) model. The new impairment model applies to financial assets measured at amortized cost, FVOCI and contract assets. Under IFRS 9, credit losses are recognized earlier than under IAS 39. The Company’s financial assets at amortized cost consist of trade receivables and cash and cash equivalents. For cash and cash equivalents the adoption of IFRS 9 did not have any impact regarding impairment. Under IFRS 9, loss allowances are measured on either of the following bases: - 12-months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date; or - lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group’s historical experience and informed credit assessment and including forward-looking information. The Company considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Company in full, without recourse by the Company to actions such as realizing security (if any is held); or - the financial asset is more than 90 days past due. The Company considers an investment to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’. The Company limits its exposure to credit risk by investing only in bond funds which are fully guaranteed by the financial institutions and therefore represents short term credit rating of A‑3 based on Standard & Poor’s or P‑2 based on Moody’s. Trade receivables The Company measures loss allowances for trade receivables at an amount equal to lifetime ECLs. ECLs are a probability-weighted estimate of credit losses. The Company calculates the ECL based on the risk scoring its customers’ according to an external rating agency. Following the risk score of each customer, the trade receivables are clustered into different grades. For each grade, the ECL is calculated after deducting from trade receivables a loss allowance based on actual credit loss experience. In addition the Company uses qualitative assessment of the trade receivables, where default has incurred. The Group considers an equity security to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’. The Group limits its exposure to credit risk by investing only in bond funds which are fully guaranteed by the financial institutions and therefore represents short term credit rating of A‑3 based on Standard & Poor’s or P‑2 based on Moody’s. Presentation of impairment Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets and presented within other operating expenses. Impairment losses on financial assets classified as FVTPL and FCOCI are presented within the finance expense and other comprehensive income, respectively. The following table presents the original measurement categories under IAS 39 and the new measurement categories under IFRS 9 for each class of the Company’s financial assets and financial liabilities as of January 1, 2018. Original New Original classification New classification carrying amount carrying amount 01/01/2018 under IAS 39 under IFRS 9 under IAS 39 under IFRS 9 (€ in thousands) Financial assets Non-current assets Equity securities Available‑for‑sale financial assets FVOCI Derivative financial instruments A financial asset or financial liability at fair value through profit or loss Mandatorily at FVTPL Current assets Bond funds Available‑for‑sale financial assets FVOCI Cash and cash equivalents Loans and receivables Amortized cost Trade receivables Loans and receivables Amortized cost Financial liabilities Non-current liabilities Long-term debt Financial liabilities measured at amortized cost Amortized cost Finance lease obligation Financial liabilities measured at amortized cost Amortized cost Current liabilities Bank overdraft Financial liabilities measured at amortized cost Amortized cost Long-term debt Financial liabilities measured at amortized cost Amortized cost Finance lease obligation Financial liabilities measured at amortized cost Amortized cost Trade payables Financial liabilities measured at amortized cost Amortized cost Impact of the new impairment model For assets in the scope of the IFRS 9 impairment model, impairment losses are generally expected to increase and become more volatile. The Company has determined that the application of IFRS 9’s impairment requirements at January 1, 2018 results in an additional impairment allowance as follows. (€ in thousands) Loss allowance at December 31, 2017 under IAS 39 Additional impairment recognized at January 1, 2018 on: Trade and other receivables as at December 31, 2017 Additional trade receivables recognized on adoption of IFRS 15 1 Loss allowance at January 1, 2018 under IFRS 9 The following tables provides information about the exposure to credit risk and ECLs for trade receivables as of January 1, 2018 and September 30, 2018. This was calculated after a specific assessment of the trade receivables and after recording a specific debt allowance. January 1, 2018 Equivalent to external credit rating Probability of Gross carrying Impairment loss Net carrying Grades (Standard & Poor’s) default amount allowance amount (€ in thousands) Grades 1-4: Low risk BBB+ to AAA Grades 5-7: Fair risk B+ to BBB Grades 8-9: Substandard CCC- to B Grade 10: Doubtful C to CC Grade 11: Loss D -- September 30, 2018 Equivalent to external credit rating Probability of Gross carrying Impairment loss Net carrying Grades (Standard & Poor’s) default amount allowance amount (€ in thousands) Grades 1-4: Low risk BBB+ to AAA 2,029 3 2,026 Grades 5-7: Fair risk B+ to BBB 1,913 26 1,887 Grades 8-9: Substandard CCC- to B 792 55 737 Grade 10: Doubtful C to CC 103 26 77 Grade 11: Loss D 11 11 -- 4,848 121 4,727

Share based payment arrangement

Share based payment arrangements	9 Months Ended
	Sep. 30, 2018
Share based payment arrangements
Share based payment arrangements	3. Share based payment arrangements On April 7, 2017, voxeljet AG established a share option plan that entitles key management personnel and senior employees of voxeljet AG and its subsidiaries to purchase shares of the parent company. Total options available under the share option plan are 372,000. 279,000 options (75%, Tranche 1) were granted on April 7, 2017. 93,000 options (25%, Tranche 2) were granted on April 12, 2018. The vesting conditions include a service condition (the options vest after a period of four years of continued service from the respective grant date) and a market condition (the options may only be exercised if the share price exceeds the exercise price over a period of 90 consecutive days by at least 20% in the period between the grant date and the respective exercise time frame) of which both conditions must be met. The fair value of the employee share option plan has been measured for Tranches 1 and 2 using a Monte Carlo simulation. The market condition has been incorporated into the fair value at grant date. The inputs used in the measurement of the fair value at grant date are as follows: Tranche 1 Tranche 2 Parameter Share price at grant date USD 13.80 USD 16.15 Exercise price USD 13.90 USD 16.15 Expected volatility 55.00% 58.40% Expected dividends -- -- Risk-free interest rate 2.49% 2.85% Fair value at grant date USD 8.00 USD 9.74 The respective expected volatility has been based on an evaluation of the historical volatility of the Company’s share price as at the grant date. As at September 30, 2018 no options are exercisable and 372,000 options are outstanding. The weighted-average contractual life of the options at September 30, 2018 amounts to 8.8 years (September 30, 2017: 9.5 years). The expenses recognized in the profit and loss statement in relation to the share-based payment arrangements amounted to kEUR 178 in the three months and kEUR 477 in the nine months ended September 30, 2018. (three months and nine months ended September 30, 2017: kEUR 132 and kEUR 254, respectively).

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventories
Inventories	4. Inventories 9/30/2018 12/31/2017 (1) (€ in thousands) Raw materials and merchandise 4,185 2,737 Work in progress 6,501 6,522 Total 10,686 9,259

Property, plant and equipment,

Property, plant and equipment, net	9 Months Ended
	Sep. 30, 2018
Property, plant and equipment, net
Property, plant and equipment, net	5. Property, plant and equipment, net 9/30/2018 12/31/2017 (1) (€ in thousands) Land, buildings and leasehold improvements 17,206 17,415 Plant and machinery (includes assets under finance lease) 9,104 8,901 Other facilities, factory and office equipment 1,496 1,625 Assets under construction and prepayments made 108 8 Total 27,914 27,949 Thereof pledged assets of Property, Plant and Equipment 6,790 7,046 Leased assets included in Property, Plant and Equipment: 259 881 Printers 106 613 Printers leased to customers under operating lease -- 97 Other factory equipment 153 171

Other liabilities and provision

Other liabilities and provisions	9 Months Ended
	Sep. 30, 2018
Other liabilities and provisions
Other liabilities and provisions	6. Other liabilities and provisions 9/30/2018 12/31/2017 (€ in thousands) Customer deposits — 373 Liabilities from VAT 18 12 Employee bonus 285 303 Accruals for vacation and overtime 293 222 Accruals for licenses 134 140 Liabilities from payroll 274 236 Accruals for commissions 80 50 Accruals for compensation of Supervisory board 175 180 Accrual for warranty 388 286 Others 509 322 Total 2,156 2,124 After the adoption of IFRS 15 customer deposits amounting to kEUR 556 are presented within contract liabilities.

Financial instruments

Financial instruments	9 Months Ended
	Sep. 30, 2018
Financial instruments
Financial instruments	7. Financial instruments The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. Carrying amount Fair Value Assets at Liabilities Total amortized at amortized carrying 9/30/2018 FVTPL FVOCI cost cost amount Level 1 Level 2 Level 3 Total Financial assets measured at fair value Non-current assets Derivative financial instruments 263 -- -- -- 263 -- 263 -- 263 Equity securities -- 5 -- -- 5 -- -- 5 5 Current assets Bond funds -- 9,934 -- -- 9,934 9,934 -- -- 9,934 Financial assets not measured at fair value Current assets Cash and cash equivalents -- -- 3,101 -- 3,101 3,101 -- -- 3,101 Trade and other receivables -- -- 4,727 -- 4,727 -- -- -- -- Financial liabilities not measured at fair value Non-current liabilities Long-term debt -- -- -- 16,255 16,255 -- 15,082 -- 15,082 Finance lease obligation -- -- -- 79 79 -- 76 -- 76 Current liabilities Bank overdraft -- -- -- -- -- -- -- -- -- Long-term debt -- -- -- 810 810 -- 803 -- 803 Finance lease obligation -- -- -- 130 130 -- 128 -- 128 Trade payables -- -- -- 3,250 3,250 -- -- -- -- A financial asset or financial liability at fair value Financial through Held-to- Available- liabilities profit maturity for‑sale Loans and measured at 12/31/2017 or loss investments investments receivables amortized cost Fair Value Level Assets Non-current assets Equity securities -- -- -- -- Level 3 Derivative financial instruments -- -- -- -- Level 2 Current assets Bond funds -- -- -- -- Level 1 Cash and cash equivalents -- -- -- -- Level 1 Liabilities Non-current liabilities Long-term debt -- -- -- -- Level 2 Finance lease obligation -- -- -- -- Level 2 Current liabilities Bank overdraft -- -- -- -- Long-term debt -- -- -- -- Level 2 Finance lease obligation -- -- -- -- Level 2 The fair value of the Company’s investments in the bond funds was determined based on the unit prices quoted by the fund management company. The fair value of long-term debt was determined using discounted cash flow models based on the relevant forward interest rate yield curves. The fair value of finance lease obligations was determined using discounted cash flow models on market interest rates available to the Company for similar transactions at the relevant date. Due to their short maturity and the current low level of interest rates, the carrying amounts of credit lines and bank overdrafts approximate fair value.

Financial result

Financial result	9 Months Ended
	Sep. 30, 2018
Financial result
Financial result	8. Financial result Three months ended September 30, 2018 2017 (€ in thousands) Interest expense (1,086) (41) Finance lease obligations (20) (22) Long-term debt (238) (11) Expense from revaluation of derivative financial instruments (805) -- Other (23) (8) Interest income 44 5 Income from bond funds 34 2 Other 10 3 Financial result (1,042) (36) Nine months ended September 30, 2018 2017 (€ in thousands) Interest expense (962) (90) Finance lease obligations (79) (39) Long-term debt (705) (40) Expense from revaluation of derivative financial instruments (89) -- Other (89) (11) Interest income 60 12 Income from bond funds 48 9 Other 12 3 Financial result (902) (78)

Correction of errors

Correction of errors	9 Months Ended
	Sep. 30, 2018
Correction of errors
Correction of errors	9. Correction of errors During the preparation of the consolidated interim financial statements for the three-month and nine-month periods ended September 30, 2018, the Company became aware that the margin within certain intra-group transactions has not been properly eliminated in the consolidation process, resulting in misstatement of cost of sales in its consolidated financial statements since the first quarter in fiscal year 2017. These errors have been corrected by restating each of the affected financial statement line items for prior periods. The Company has evaluated the effect of these errors, both qualitatively and quantitatively, and concluded that the corrections did not have a material impact on, nor require amendment of, any previously filed financial statements. The following tables summarize the impacts on the Company’s consolidated financial statements. Consolidated statement of financial position March 31, 2017 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 33,601 (65) 33,536 Inventories 9,475 (65) 9,410 Non-current assets 28,003 — 28,003 Property, plant and equipment 26,872 — 26,872 Total assets 61,604 (65) 61,539 Equity 49,120 (65) 49,055 Accumulated deficit (31,400) (65) (31,465) Total equity and liabilities 61,604 (65) 61,539 June 30, 2017 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 30,937 (121) 30,816 Inventories 9,507 (121) 9,386 Non-current assets 28,300 — 28,300 Property, plant and equipment 27,010 — 27,010 Total assets 59,237 (121) 59,116 Equity 46,883 (121) 46,762 Accumulated deficit (34,067) (121) (34,188) Total equity and liabilities 59,237 (121) 59,116 September 30, 2017 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 29,840 (187) 29,653 Inventories 9,391 (187) 9,204 Non-current assets 28,990 — 28,990 Property, plant and equipment 27,617 — 27,617 Total assets 58,830 (187) 58,643 Equity 46,122 (187) 45,935 Accumulated deficit (35,022) (187) (35,209) Total equity and liabilities 58,830 (187) 58,643 December 31, 2017 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 37,774 (280) 37,494 Inventories 9,539 (280) 9,259 Non-current assets 29,257 251 29,508 Property, plant and equipment 27,698 251 27,949 Total assets 67,031 (29) 67,002 Equity 43,918 (29) 43,889 Accumulated deficit (37,480) (29) (37,509) Total equity and liabilities 67,031 (29) 67,002 March 31, 2018 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 38,347 (417) 37,930 Inventories 11,309 (417) 10,892 Non-current assets 29,360 254 29,614 Property, plant and equipment 26,792 254 27,046 Total assets 67,707 (163) 67,544 Equity 42,223 (163) 42,060 Accumulated deficit (39,219) (163) (39,382) Total equity and liabilities 67,707 (163) 67,544 June 30, 2018 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 35,781 (623) 35,158 Inventories 13,116 (623) 12,493 Non-current assets 29,056 257 29,313 Property, plant and equipment 26,550 257 26,807 Total assets 64,837 (366) 64,471 Equity 39,633 (366) 39,267 Accumulated deficit (41,958) (366) (42,324) Total equity and liabilities 64,837 (366) 64,471 Consolidated statement of comprehensive loss Impact of correction of error three months ended March 31, 2017 As previously reported Adjustments As corrected (€ in thousands except share and share data) Cost of sales (2,949) (65) (3,014) Gross profit 1,581 (65) 1,516 Operating loss (2,388) (65) (2,453) Net loss (2,431) (65) (2,496) Total comprehensive loss (2,416) (65) (2,481) Loss attributable to owners of the company (2,429) (65) (2,494) Total comprehensive loss attributable to owners of the company (2,414) (65) (2,479) Loss per share - basic/ diluted (EUR) (0.65) (0.02) (0.67) Impact of correction of error Impact of correction of error three months ended June 30, 2017 six months ended June 30, 2017 As previously As previously reported Adjustments As corrected reported Adjustments As corrected (€ in thousands except (€ in thousands except Cost of sales (3,043) (56) (3,099) (5,992) (121) (6,113) Gross profit 2,110 (56) 2,054 3,691 (121) 3,570 Operating loss (2,675) (56) (2,731) (5,063) (121) (5,184) Net loss (2,674) (56) (2,730) (5,105) (121) (5,226) Total comprehensive loss (2,359) (56) (2,415) (4,775) (121) (4,896) Loss attributable to owners of the company (2,667) (56) (2,723) (5,096) (121) (5,217) Total comprehensive loss attributable to owners of the company (2,352) (56) (2,408) (4,766) (121) (4,887) Loss per share - basic/ diluted (EUR) (0.72) (0.01) (0.73) (1.37) (0.03) (1.40) Impact of correction of error Impact of correction of error three months ended September 30, 2017 nine months ended September 30, 2017 As previously As previously reported Adjustments As corrected reported Adjustments As corrected (€ in thousands except (€ in thousands except Cost of sales (4,170) (66) (4,236) (10,162) (187) (10,349) Gross profit 3,217 (66) 3,151 6,908 (187) 6,721 Operating loss (924) (66) (990) (5,987) (187) (6,174) Net loss (960) (66) (1,026) (6,065) (187) (6,252) Total comprehensive loss (893) (66) (959) (5,668) (187) (5,855) Loss attributable to: Loss attributable to owners of the company (955) (66) (1,021) (6,051) (187) (6,238) Total comprehensive loss attributable to owners of the company (888) (66) (954) (5,654) (187) (5,841) Loss per share - basic/ diluted (EUR) (0.26) (0.01) (0.27) (1.63) (0.05) (1.68) Impact of correction of error Impact of correction of error three months ended December 31, 2017 year ended December 31, 2017 As previously As previously reported Adjustments As corrected reported Adjustments As corrected (€ in thousands except (€ in thousands except Cost of sales (3,662) 158 (3,504) (13,824) (29) (13,853) Gross profit 2,446 158 2,604 9,354 (29) 9,325 Operating loss (2,633) 158 (2,475) (8,620) (29) (8,649) Net loss (2,460) 158 (2,302) (8,525) (29) (8,554) Total comprehensive loss (2,352) 158 (2,194) (8,020) (29) (8,049) Loss attributable to owners of the company (2,458) 158 (2,300) (8,509) (29) (8,538) Total comprehensive loss attributable to owners of the company (2,350) 158 (2,192) (8,004) (29) (8,033) Loss per share - basic/ diluted (EUR) (0.66) 0.04 (0.62) (2.29) (0.01) (2.30) Impact of correction of error three months ended March 31, 2018 As previously reported Adjustments As corrected (€ in thousands except share and share data) Cost of sales (2,785) (134) (2,919) Gross profit 2,267 (134) 2,133 Operating loss (2,254) (134) (2,388) Net loss (1,582) (134) (1,716) Total comprehensive loss (1,661) (134) (1,795) Loss attributable to owners of the company (1,576) (134) (1,710) Total comprehensive loss attributable to owners of the company (1,655) (134) (1,789) Loss per share - basic/ diluted (EUR) (0.42) (0.04) (0.46) Impact of correction of error Impact of correction of error three months ended June 30, 2018 six months ended June 30, 2018 As previously As previously reported Adjustments As corrected reported Adjustments As corrected (€ in thousands except (€ in thousands except Cost of sales (3,209) (201) (3,410) (5,994) (337) (6,331) Gross profit 2,053 (201) 1,852 4,320 (337) 3,983 Operating loss (2,203) (201) (2,404) (4,457) (337) (4,794) Net loss (2,748) (201) (2,949) (4,330) (337) (4,667) Total comprehensive loss (2,760) (201) (2,961) (4,421) (337) (4,758) Loss attributable to owners of the company (2,739) (201) (2,940) (4,315) (337) (4,652) Total comprehensive loss attributable to owners of the company (2,751) (201) (2,952) (4,406) (337) (4,743) Loss per share - basic/ diluted (EUR) (0.74) (0.05) (0.79) (1.16) (0.09) (1.25) Segment reporting Impact of correction of error three months ended March 31, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 1,693 2,837 — — 1,693 2,837 Gross profit 353 1,228 12 (77) 365 1,151 Gross profit in % % % % % Impact of correction of error three months ended June 30, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 2,542 2,611 — — 2,542 2,611 Gross profit 925 1,185 22 (78) 947 1,107 Gross profit in % % % % % Impact of correction of error six months ended June 30, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 4,235 5,448 — — 4,235 5,448 Gross profit 1,278 2,413 34 (155) 1,312 2,258 Gross profit in % % % % % Impact of correction of error three months ended September 30, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 4,153 3,234 — — 4,153 3,234 Gross profit 1,584 1,633 33 (99) 1,617 1,534 Gross profit in % % % % % Impact of correction of error nine months ended September 30, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 8,388 8,682 — — 8,388 8,682 Gross profit 2,862 4,046 67 (254) 2,929 3,792 Gross profit in % % % % % Impact of correction of error three months ended December 31, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 3,146 2,962 — — 3,146 2,962 Gross profit 1,059 1,387 270 (112) 1,329 1,275 Gross profit in % % % % % Impact of correction of error year ended December 31, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 11,534 11,644 — — 11,534 11,644 Gross profit 3,921 5,433 337 (366) 4,258 5,067 Gross profit in % % % % % Impact of correction of error three months ended March 31, 2018 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 1,375 3,677 — — 1,375 3,677 Gross profit 429 1,838 (48) (86) 381 1,752 Gross profit in % % % % % Impact of correction of error three months ended June 30, 2018 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 1,883 3,379 — — 1,883 3,379 Gross profit 561 1,492 (87) (114) 474 1,378 Gross profit in % % % % % Impact of correction of error six months ended June 30, 2018 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 3,258 7,056 — — 3,258 7,056 Gross profit 990 3,330 (136) (201) 854 3,129 Gross profit in % % % % % There is no impact on the Company’s operating, investing or financing cash flows for the 9-months period ended September 30, 2017.

Segment reporting

Segment reporting	9 Months Ended
	Sep. 30, 2018
Segment reporting
Segment reporting	10. Segment reporting The following table summarizes segment reporting. The sum of the amounts of the two segments equals the total for the Group in each of the periods. Three months ended September 30, 2018 2017 (1) (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES Revenues 3,744 3,377 4,153 3,234 Gross profit 1,197 1,114 1,617 1,534 Gross profit in % % % % % Nine months ended September 30, 2018 2017 (1) (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES Revenues 7,002 10,433 8,388 8,682 Gross profit 2,051 4,243 2,929 3,792 Gross profit in % % % % % (1) Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2018
Revenues
Revenues	11. Revenues Three months ended September 30, Nine months ended September 30, 2017 2018 2017 (€ in thousands) (€ in thousands) EMEA 2,935 5,660 9,757 12,053 Germany 1,546 1,202 4,284 4,656 France 397 1,077 2,146 2,105 Sweden 46 1,167 209 1,367 Others 946 2,214 3,118 3,925 Asia Pacific 2,269 653 3,486 1,933 Indonesia 1,758 32 1,784 91 China 132 204 460 1,137 South Korea 361 400 667 656 Others 18 17 575 49 Americas 1,917 1,074 4,192 3,084 United States 1,871 911 4,125 2,742 Others 46 163 67 342 Total 7,121 7,387 17,435 17,070

Commitments, contingent assets

Commitments, contingent assets and liabilities	9 Months Ended
	Sep. 30, 2018
Commitments, contingent assets and liabilities
Commitments, contingent assets and liabilities	12. Commitments, contingent assets and liabilities In March 2018, ExOne GmbH, a subsidiary of The ExOne Company, notified voxeljet of its intent not to pay its annual license fees under an existing intellectual property-related agreement and asserted its rights to claim damages pursuant to an alleged material breach of the agreement. At this time, the Company cannot reasonably estimate a contingency, if any, related to this matter.

Subsequent events

Subsequent events	9 Months Ended
	Sep. 30, 2018
Subsequent events
Subsequent events	13. Subsequent events On October On November

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	9 Months Ended
	Sep. 30, 2018
Summary of significant accounting policies
New standards adopted	The Group has initially adopted IFRS 15, Revenue from Contracts with Customers , and IFRS 9, Financial Instruments , on January 1, 2018. A number of other new standards are effective from January 1, 2018 but these do not have a material effect on the Company’s consolidated financial statements. - The adoption of IFRS 15 resulted in minor impacts related to the revenue recognition regarding the revenue streams from maintenance as well as extended warranty contracts. Those impacts include immaterial timing differences for revenue recognition related to these types of contracts with customers. The new guidance is not expected to have a material impact to net income (loss) on an ongoing basis. - The adoption of IFRS 9 resulted in a minor increase in impairment losses recognized on trade receivables. IFRS 15 Revenue from Contracts with Customers IFRS 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognized. It replaced IAS 18, Revenue, IAS 11, Construction Contracts , and related interpretations. The Group has adopted IFRS 15 using the cumulative effect method, with the effect of initially applying this standard recognized at the date of initial application (i.e. January 1, 2018). Accordingly, the information presented for 2017 has not been restated – i.e. it is presented, as previously reported, under IAS 18, IAS 11 and related interpretations. The following table summarizes the impact, net of tax, of transition to IFRS 15 on retained earnings as of January 1, 2018. Impact at January 1, 2018 Impact on adopting IFRS 15 at January 1, 2018 (€ in thousands) Retained earnings Recognition of revenues from maintenance and extended warranty contracts The following table summarizes the impacts of adopting IFRS 15 on the Company’s consolidated interim consolidated statement of financial position as of September 30, 2018 and its consolidated interim statement of comprehensive loss for the nine months then ended for each of the line items affected. Amounts without 09/30/2018 As reported Adjustments adoption of IFRS 15 (€ in thousands) Total assets 59,769 (327) 59,442 Current assets 30,086 (327) 29,759 Trade receivables 4,727 (327) 4,400 Total equity and liabilities 59,769 (327) 59,442 Current liabilities 7,557 (554) 7,003 Deferred income 21 256 277 Contract liabilities 1,366 (1,366) -- Other liabilities and provisions 1,980 556 2,536 Equity 35,630 227 35,857 Accumulated deficit (46,111) 227 (45,884) Amounts without 09/30/2018 As reported Adjustments adoption of IFRS 15 (€ in thousands) Revenue 17,435 127 17,562 Impairment loss on trade receivables under IFRS 15 (10) 10 -- Operating loss (7,555) 137 (7,418) Loss before income taxes (8,457) 137 (8,320) Net loss (8,464) 137 (8,327) Total comprehensive loss (8,573) 137 (8,436) The details of the new accounting policies and the nature of the changes to previous accounting policies in relation to the Group’s revenue streams in relation to the Maintenance and extended warranty contracts are set out below. After the initial one year of statutory warranty period, the Company offers its customers extended warranty and optional maintenance contracts. Extended warranty and maintenance contracts are generally provided for a period of twelve months and automatically extended for another twelve months if not cancelled on a timely basis. Before the adoption of IFRS 15 extended warranty and maintenance service revenue has been recognized on a straight-line basis over the contractual term. Under IFRS 15, the Company recognizes revenue based on input factors like the number of service visits or the provision of certain goods, in particular printheads under the maintenance and warranty contracts. Therefore the expected number of service visits and goods to be provided under a contract have been estimated by the Company’s service department based on historical experience. This leads to minor timing differences for revenue recognition related to these types of contracts with customers throughout the contract term. IFRS 9 Financial Instruments IFRS 9 sets out requirements for recognizing and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. This standard replaces IAS 39, Financial Instruments . The Company has applied the exemption not to restate comparative information for prior periods with respect to classification and measurement (including impairment) requirements. Differences in the carrying amounts of financial assets and financial liabilities resulting from the adoption of IFRS 9 are recognized in retained earnings and reserves as of January 1, 2018. Accordingly, the information presented for 2017 does not reflect the requirements of IFRS 9 but rather those of IAS 39. The details of new significant accounting policies and the nature and effect of the changes to previous accounting policies are set out below. Classification and measurement of financial assets and financial liabilities IFRS 9 largely retains the existing requirements in IAS 39 for the classification and measurement of financial liabilities. However, it eliminates the previous IAS 39 categories for financial assets of held to maturity, loans and receivables and available for sale. Under IFRS 9, on initial recognition, a financial asset is classified as measured at: amortized cost, fair value through other comprehensive income (FVOCI), or fair value through profit or loss (FVTPL). The classification of financial assets under IFRS 9 is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. On initial recognition of an equity investment that is not held for trading, the Company may irrevocably elect to record subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment basis. All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. On initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. A financial asset (unless it is a trade receivable without a significant financing component that is initially measured at the transaction price) is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition. Under IFRS 9, our investments in bond funds will be classified as fair value through other comprehensive income (FVTOCI). As permitted by IFRS 9, the Company has designated these investments at the date of initial application as measured at FVOCI. Unlike IAS 39, the accumulated fair value reserve related to these investments will never be reclassified to profit or loss. Under IAS 39 as well as upon adoption of IFRS 9, our derivative financial instruments have been designated as at FVTPL. Impairment of financial assets IFRS 9 replaces the ‘incurred loss’ model in IAS 39 with an ‘expected credit loss’ (ECL) model. The new impairment model applies to financial assets measured at amortized cost, FVOCI and contract assets. Under IFRS 9, credit losses are recognized earlier than under IAS 39. The Company’s financial assets at amortized cost consist of trade receivables and cash and cash equivalents. For cash and cash equivalents the adoption of IFRS 9 did not have any impact regarding impairment. Under IFRS 9, loss allowances are measured on either of the following bases: - 12-months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date; or - lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group’s historical experience and informed credit assessment and including forward-looking information. The Company considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Company in full, without recourse by the Company to actions such as realizing security (if any is held); or - the financial asset is more than 90 days past due. The Company considers an investment to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’. The Company limits its exposure to credit risk by investing only in bond funds which are fully guaranteed by the financial institutions and therefore represents short term credit rating of A‑3 based on Standard & Poor’s or P‑2 based on Moody’s. Trade receivables The Company measures loss allowances for trade receivables at an amount equal to lifetime ECLs. ECLs are a probability-weighted estimate of credit losses. The Company calculates the ECL based on the risk scoring its customers’ according to an external rating agency. Following the risk score of each customer, the trade receivables are clustered into different grades. For each grade, the ECL is calculated after deducting from trade receivables a loss allowance based on actual credit loss experience. In addition the Company uses qualitative assessment of the trade receivables, where default has incurred. The Group considers an equity security to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’. The Group limits its exposure to credit risk by investing only in bond funds which are fully guaranteed by the financial institutions and therefore represents short term credit rating of A‑3 based on Standard & Poor’s or P‑2 based on Moody’s. Presentation of impairment Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets and presented within other operating expenses. Impairment losses on financial assets classified as FVTPL and FCOCI are presented within the finance expense and other comprehensive income, respectively. The following table presents the original measurement categories under IAS 39 and the new measurement categories under IFRS 9 for each class of the Company’s financial assets and financial liabilities as of January 1, 2018. Original New Original classification New classification carrying amount carrying amount 01/01/2018 under IAS 39 under IFRS 9 under IAS 39 under IFRS 9 (€ in thousands) Financial assets Non-current assets Equity securities Available‑for‑sale financial assets FVOCI Derivative financial instruments A financial asset or financial liability at fair value through profit or loss Mandatorily at FVTPL Current assets Bond funds Available‑for‑sale financial assets FVOCI Cash and cash equivalents Loans and receivables Amortized cost Trade receivables Loans and receivables Amortized cost Financial liabilities Non-current liabilities Long-term debt Financial liabilities measured at amortized cost Amortized cost Finance lease obligation Financial liabilities measured at amortized cost Amortized cost Current liabilities Bank overdraft Financial liabilities measured at amortized cost Amortized cost Long-term debt Financial liabilities measured at amortized cost Amortized cost Finance lease obligation Financial liabilities measured at amortized cost Amortized cost Trade payables Financial liabilities measured at amortized cost Amortized cost Impact of the new impairment model For assets in the scope of the IFRS 9 impairment model, impairment losses are generally expected to increase and become more volatile. The Company has determined that the application of IFRS 9’s impairment requirements at January 1, 2018 results in an additional impairment allowance as follows. (€ in thousands) Loss allowance at December 31, 2017 under IAS 39 Additional impairment recognized at January 1, 2018 on: Trade and other receivables as at December 31, 2017 Additional trade receivables recognized on adoption of IFRS 15 1 Loss allowance at January 1, 2018 under IFRS 9 The following tables provides information about the exposure to credit risk and ECLs for trade receivables as of January 1, 2018 and September 30, 2018. This was calculated after a specific assessment of the trade receivables and after recording a specific debt allowance. January 1, 2018 Equivalent to external credit rating Probability of Gross carrying Impairment loss Net carrying Grades (Standard & Poor’s) default amount allowance amount (€ in thousands) Grades 1-4: Low risk BBB+ to AAA Grades 5-7: Fair risk B+ to BBB Grades 8-9: Substandard CCC- to B Grade 10: Doubtful C to CC Grade 11: Loss D -- September 30, 2018 Equivalent to external credit rating Probability of Gross carrying Impairment loss Net carrying Grades (Standard & Poor’s) default amount allowance amount (€ in thousands) Grades 1-4: Low risk BBB+ to AAA 2,029 3 2,026 Grades 5-7: Fair risk B+ to BBB 1,913 26 1,887 Grades 8-9: Substandard CCC- to B 792 55 737 Grade 10: Doubtful C to CC 103 26 77 Grade 11: Loss D 11 11 -- 4,848 121 4,727

Summary of significant accoun_3

Summary of significant accounting policies (Tables)	9 Months Ended
	Sep. 30, 2018
Summary of significant accounting policies
Schedule of initial application of standards	Impact at January 1, 2018 Impact on adopting IFRS 15 at January 1, 2018 (€ in thousands) Retained earnings Recognition of revenues from maintenance and extended warranty contracts The following table summarizes the impacts of adopting IFRS 15 on the Company’s consolidated interim consolidated statement of financial position as of September 30, 2018 and its consolidated interim statement of comprehensive loss for the nine months then ended for each of the line items affected. Amounts without 09/30/2018 As reported Adjustments adoption of IFRS 15 (€ in thousands) Total assets 59,769 (327) 59,442 Current assets 30,086 (327) 29,759 Trade receivables 4,727 (327) 4,400 Total equity and liabilities 59,769 (327) 59,442 Current liabilities 7,557 (554) 7,003 Deferred income 21 256 277 Contract liabilities 1,366 (1,366) -- Other liabilities and provisions 1,980 556 2,536 Equity 35,630 227 35,857 Accumulated deficit (46,111) 227 (45,884) Amounts without 09/30/2018 As reported Adjustments adoption of IFRS 15 (€ in thousands) Revenue 17,435 127 17,562 Impairment loss on trade receivables under IFRS 15 (10) 10 -- Operating loss (7,555) 137 (7,418) Loss before income taxes (8,457) 137 (8,320) Net loss (8,464) 137 (8,327) Total comprehensive loss (8,573) 137 (8,436)
Schedule of classification changes under IFRS 9	Original New Original classification New classification carrying amount carrying amount 01/01/2018 under IAS 39 under IFRS 9 under IAS 39 under IFRS 9 (€ in thousands) Financial assets Non-current assets Equity securities Available‑for‑sale financial assets FVOCI Derivative financial instruments A financial asset or financial liability at fair value through profit or loss Mandatorily at FVTPL Current assets Bond funds Available‑for‑sale financial assets FVOCI Cash and cash equivalents Loans and receivables Amortized cost Trade receivables Loans and receivables Amortized cost Financial liabilities Non-current liabilities Long-term debt Financial liabilities measured at amortized cost Amortized cost Finance lease obligation Financial liabilities measured at amortized cost Amortized cost Current liabilities Bank overdraft Financial liabilities measured at amortized cost Amortized cost Long-term debt Financial liabilities measured at amortized cost Amortized cost Finance lease obligation Financial liabilities measured at amortized cost Amortized cost Trade payables Financial liabilities measured at amortized cost Amortized cost
Schedule of impact of IFRS 9 impairment model	(€ in thousands) Loss allowance at December 31, 2017 under IAS 39 Additional impairment recognized at January 1, 2018 on: Trade and other receivables as at December 31, 2017 Additional trade receivables recognized on adoption of IFRS 15 1 Loss allowance at January 1, 2018 under IFRS 9
Schedule of expected credit loss regarding trade receivables	January 1, 2018 Equivalent to external credit rating Probability of Gross carrying Impairment loss Net carrying Grades (Standard & Poor’s) default amount allowance amount (€ in thousands) Grades 1-4: Low risk BBB+ to AAA Grades 5-7: Fair risk B+ to BBB Grades 8-9: Substandard CCC- to B Grade 10: Doubtful C to CC Grade 11: Loss D -- September 30, 2018 Equivalent to external credit rating Probability of Gross carrying Impairment loss Net carrying Grades (Standard & Poor’s) default amount allowance amount (€ in thousands) Grades 1-4: Low risk BBB+ to AAA 2,029 3 2,026 Grades 5-7: Fair risk B+ to BBB 1,913 26 1,887 Grades 8-9: Substandard CCC- to B 792 55 737 Grade 10: Doubtful C to CC 103 26 77 Grade 11: Loss D 11 11 -- 4,848 121 4,727

Share based payment arrangeme_2

Share based payment arrangements (Tables)	9 Months Ended
	Sep. 30, 2018
Share based payment arrangements
Schedule of inputs used in the measurement of the fair value at grant date	Tranche 1 Tranche 2 Parameter Share price at grant date USD 13.80 USD 16.15 Exercise price USD 13.90 USD 16.15 Expected volatility 55.00% 58.40% Expected dividends -- -- Risk-free interest rate 2.49% 2.85% Fair value at grant date USD 8.00 USD 9.74

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventories
Inventories by category	9/30/2018 12/31/2017 (1) (€ in thousands) Raw materials and merchandise 4,185 2,737 Work in progress 6,501 6,522 Total 10,686 9,259

Property, plant and equipment_2

Property, plant and equipment, net (Tables)	9 Months Ended
	Sep. 30, 2018
Property, plant and equipment, net
Schedule of property, plant and equipment, net	9/30/2018 12/31/2017 (1) (€ in thousands) Land, buildings and leasehold improvements 17,206 17,415 Plant and machinery (includes assets under finance lease) 9,104 8,901 Other facilities, factory and office equipment 1,496 1,625 Assets under construction and prepayments made 108 8 Total 27,914 27,949 Thereof pledged assets of Property, Plant and Equipment 6,790 7,046 Leased assets included in Property, Plant and Equipment: 259 881 Printers 106 613 Printers leased to customers under operating lease -- 97 Other factory equipment 153 171

Other liabilities and provisi_2

Other liabilities and provisions (Tables)	9 Months Ended
	Sep. 30, 2018
Other liabilities and provisions
Summary of other liabilities and provisions	9/30/2018 12/31/2017 (€ in thousands) Customer deposits — 373 Liabilities from VAT 18 12 Employee bonus 285 303 Accruals for vacation and overtime 293 222 Accruals for licenses 134 140 Liabilities from payroll 274 236 Accruals for commissions 80 50 Accruals for compensation of Supervisory board 175 180 Accrual for warranty 388 286 Others 509 322 Total 2,156 2,124

Financial instruments (Tables)

Financial instruments (Tables)	9 Months Ended
	Sep. 30, 2018
Financial instruments
Summary of carrying amounts and fair values of financial assets and financial liabilities	Carrying amount Fair Value Assets at Liabilities Total amortized at amortized carrying 9/30/2018 FVTPL FVOCI cost cost amount Level 1 Level 2 Level 3 Total Financial assets measured at fair value Non-current assets Derivative financial instruments 263 -- -- -- 263 -- 263 -- 263 Equity securities -- 5 -- -- 5 -- -- 5 5 Current assets Bond funds -- 9,934 -- -- 9,934 9,934 -- -- 9,934 Financial assets not measured at fair value Current assets Cash and cash equivalents -- -- 3,101 -- 3,101 3,101 -- -- 3,101 Trade and other receivables -- -- 4,727 -- 4,727 -- -- -- -- Financial liabilities not measured at fair value Non-current liabilities Long-term debt -- -- -- 16,255 16,255 -- 15,082 -- 15,082 Finance lease obligation -- -- -- 79 79 -- 76 -- 76 Current liabilities Bank overdraft -- -- -- -- -- -- -- -- -- Long-term debt -- -- -- 810 810 -- 803 -- 803 Finance lease obligation -- -- -- 130 130 -- 128 -- 128 Trade payables -- -- -- 3,250 3,250 -- -- -- -- A financial asset or financial liability at fair value Financial through Held-to- Available- liabilities profit maturity for‑sale Loans and measured at 12/31/2017 or loss investments investments receivables amortized cost Fair Value Level Assets Non-current assets Equity securities -- -- -- -- Level 3 Derivative financial instruments -- -- -- -- Level 2 Current assets Bond funds -- -- -- -- Level 1 Cash and cash equivalents -- -- -- -- Level 1 Liabilities Non-current liabilities Long-term debt -- -- -- -- Level 2 Finance lease obligation -- -- -- -- Level 2 Current liabilities Bank overdraft -- -- -- -- Long-term debt -- -- -- -- Level 2 Finance lease obligation -- -- -- -- Level 2

Financial result (Tables)

Financial result (Tables)	9 Months Ended
	Sep. 30, 2018
Financial result
Schedule of financial result	Three months ended September 30, 2018 2017 (€ in thousands) Interest expense (1,086) (41) Finance lease obligations (20) (22) Long-term debt (238) (11) Expense from revaluation of derivative financial instruments (805) -- Other (23) (8) Interest income 44 5 Income from bond funds 34 2 Other 10 3 Financial result (1,042) (36) Nine months ended September 30, 2018 2017 (€ in thousands) Interest expense (962) (90) Finance lease obligations (79) (39) Long-term debt (705) (40) Expense from revaluation of derivative financial instruments (89) -- Other (89) (11) Interest income 60 12 Income from bond funds 48 9 Other 12 3 Financial result (902) (78)

Correction of errors (Tables)

Correction of errors (Tables)	9 Months Ended
	Sep. 30, 2018
Correction of errors
Correction of errors	Consolidated statement of financial position March 31, 2017 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 33,601 (65) 33,536 Inventories 9,475 (65) 9,410 Non-current assets 28,003 — 28,003 Property, plant and equipment 26,872 — 26,872 Total assets 61,604 (65) 61,539 Equity 49,120 (65) 49,055 Accumulated deficit (31,400) (65) (31,465) Total equity and liabilities 61,604 (65) 61,539 June 30, 2017 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 30,937 (121) 30,816 Inventories 9,507 (121) 9,386 Non-current assets 28,300 — 28,300 Property, plant and equipment 27,010 — 27,010 Total assets 59,237 (121) 59,116 Equity 46,883 (121) 46,762 Accumulated deficit (34,067) (121) (34,188) Total equity and liabilities 59,237 (121) 59,116 September 30, 2017 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 29,840 (187) 29,653 Inventories 9,391 (187) 9,204 Non-current assets 28,990 — 28,990 Property, plant and equipment 27,617 — 27,617 Total assets 58,830 (187) 58,643 Equity 46,122 (187) 45,935 Accumulated deficit (35,022) (187) (35,209) Total equity and liabilities 58,830 (187) 58,643 December 31, 2017 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 37,774 (280) 37,494 Inventories 9,539 (280) 9,259 Non-current assets 29,257 251 29,508 Property, plant and equipment 27,698 251 27,949 Total assets 67,031 (29) 67,002 Equity 43,918 (29) 43,889 Accumulated deficit (37,480) (29) (37,509) Total equity and liabilities 67,031 (29) 67,002 March 31, 2018 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 38,347 (417) 37,930 Inventories 11,309 (417) 10,892 Non-current assets 29,360 254 29,614 Property, plant and equipment 26,792 254 27,046 Total assets 67,707 (163) 67,544 Equity 42,223 (163) 42,060 Accumulated deficit (39,219) (163) (39,382) Total equity and liabilities 67,707 (163) 67,544 June 30, 2018 Impact of correction of error As previously reported Adjustments As corrected (€ in thousands) Current assets 35,781 (623) 35,158 Inventories 13,116 (623) 12,493 Non-current assets 29,056 257 29,313 Property, plant and equipment 26,550 257 26,807 Total assets 64,837 (366) 64,471 Equity 39,633 (366) 39,267 Accumulated deficit (41,958) (366) (42,324) Total equity and liabilities 64,837 (366) 64,471 Consolidated statement of comprehensive loss Impact of correction of error three months ended March 31, 2017 As previously reported Adjustments As corrected (€ in thousands except share and share data) Cost of sales (2,949) (65) (3,014) Gross profit 1,581 (65) 1,516 Operating loss (2,388) (65) (2,453) Net loss (2,431) (65) (2,496) Total comprehensive loss (2,416) (65) (2,481) Loss attributable to owners of the company (2,429) (65) (2,494) Total comprehensive loss attributable to owners of the company (2,414) (65) (2,479) Loss per share - basic/ diluted (EUR) (0.65) (0.02) (0.67) Impact of correction of error Impact of correction of error three months ended June 30, 2017 six months ended June 30, 2017 As previously As previously reported Adjustments As corrected reported Adjustments As corrected (€ in thousands except (€ in thousands except Cost of sales (3,043) (56) (3,099) (5,992) (121) (6,113) Gross profit 2,110 (56) 2,054 3,691 (121) 3,570 Operating loss (2,675) (56) (2,731) (5,063) (121) (5,184) Net loss (2,674) (56) (2,730) (5,105) (121) (5,226) Total comprehensive loss (2,359) (56) (2,415) (4,775) (121) (4,896) Loss attributable to owners of the company (2,667) (56) (2,723) (5,096) (121) (5,217) Total comprehensive loss attributable to owners of the company (2,352) (56) (2,408) (4,766) (121) (4,887) Loss per share - basic/ diluted (EUR) (0.72) (0.01) (0.73) (1.37) (0.03) (1.40) Impact of correction of error Impact of correction of error three months ended September 30, 2017 nine months ended September 30, 2017 As previously As previously reported Adjustments As corrected reported Adjustments As corrected (€ in thousands except (€ in thousands except Cost of sales (4,170) (66) (4,236) (10,162) (187) (10,349) Gross profit 3,217 (66) 3,151 6,908 (187) 6,721 Operating loss (924) (66) (990) (5,987) (187) (6,174) Net loss (960) (66) (1,026) (6,065) (187) (6,252) Total comprehensive loss (893) (66) (959) (5,668) (187) (5,855) Loss attributable to: Loss attributable to owners of the company (955) (66) (1,021) (6,051) (187) (6,238) Total comprehensive loss attributable to owners of the company (888) (66) (954) (5,654) (187) (5,841) Loss per share - basic/ diluted (EUR) (0.26) (0.01) (0.27) (1.63) (0.05) (1.68) Impact of correction of error Impact of correction of error three months ended December 31, 2017 year ended December 31, 2017 As previously As previously reported Adjustments As corrected reported Adjustments As corrected (€ in thousands except (€ in thousands except Cost of sales (3,662) 158 (3,504) (13,824) (29) (13,853) Gross profit 2,446 158 2,604 9,354 (29) 9,325 Operating loss (2,633) 158 (2,475) (8,620) (29) (8,649) Net loss (2,460) 158 (2,302) (8,525) (29) (8,554) Total comprehensive loss (2,352) 158 (2,194) (8,020) (29) (8,049) Loss attributable to owners of the company (2,458) 158 (2,300) (8,509) (29) (8,538) Total comprehensive loss attributable to owners of the company (2,350) 158 (2,192) (8,004) (29) (8,033) Loss per share - basic/ diluted (EUR) (0.66) 0.04 (0.62) (2.29) (0.01) (2.30) Impact of correction of error three months ended March 31, 2018 As previously reported Adjustments As corrected (€ in thousands except share and share data) Cost of sales (2,785) (134) (2,919) Gross profit 2,267 (134) 2,133 Operating loss (2,254) (134) (2,388) Net loss (1,582) (134) (1,716) Total comprehensive loss (1,661) (134) (1,795) Loss attributable to owners of the company (1,576) (134) (1,710) Total comprehensive loss attributable to owners of the company (1,655) (134) (1,789) Loss per share - basic/ diluted (EUR) (0.42) (0.04) (0.46) Impact of correction of error Impact of correction of error three months ended June 30, 2018 six months ended June 30, 2018 As previously As previously reported Adjustments As corrected reported Adjustments As corrected (€ in thousands except (€ in thousands except Cost of sales (3,209) (201) (3,410) (5,994) (337) (6,331) Gross profit 2,053 (201) 1,852 4,320 (337) 3,983 Operating loss (2,203) (201) (2,404) (4,457) (337) (4,794) Net loss (2,748) (201) (2,949) (4,330) (337) (4,667) Total comprehensive loss (2,760) (201) (2,961) (4,421) (337) (4,758) Loss attributable to owners of the company (2,739) (201) (2,940) (4,315) (337) (4,652) Total comprehensive loss attributable to owners of the company (2,751) (201) (2,952) (4,406) (337) (4,743) Loss per share - basic/ diluted (EUR) (0.74) (0.05) (0.79) (1.16) (0.09) (1.25) Segment reporting Impact of correction of error three months ended March 31, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 1,693 2,837 — — 1,693 2,837 Gross profit 353 1,228 12 (77) 365 1,151 Gross profit in % % % % % Impact of correction of error three months ended June 30, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 2,542 2,611 — — 2,542 2,611 Gross profit 925 1,185 22 (78) 947 1,107 Gross profit in % % % % % Impact of correction of error six months ended June 30, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 4,235 5,448 — — 4,235 5,448 Gross profit 1,278 2,413 34 (155) 1,312 2,258 Gross profit in % % % % % Impact of correction of error three months ended September 30, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 4,153 3,234 — — 4,153 3,234 Gross profit 1,584 1,633 33 (99) 1,617 1,534 Gross profit in % % % % % Impact of correction of error nine months ended September 30, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 8,388 8,682 — — 8,388 8,682 Gross profit 2,862 4,046 67 (254) 2,929 3,792 Gross profit in % % % % % Impact of correction of error three months ended December 31, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 3,146 2,962 — — 3,146 2,962 Gross profit 1,059 1,387 270 (112) 1,329 1,275 Gross profit in % % % % % Impact of correction of error year ended December 31, 2017 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 11,534 11,644 — — 11,534 11,644 Gross profit 3,921 5,433 337 (366) 4,258 5,067 Gross profit in % % % % % Impact of correction of error three months ended March 31, 2018 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 1,375 3,677 — — 1,375 3,677 Gross profit 429 1,838 (48) (86) 381 1,752 Gross profit in % % % % % Impact of correction of error three months ended June 30, 2018 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 1,883 3,379 — — 1,883 3,379 Gross profit 561 1,492 (87) (114) 474 1,378 Gross profit in % % % % % Impact of correction of error six months ended June 30, 2018 As previously reported Adjustments As corrected (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES SYSTEMS SERVICES Revenues 3,258 7,056 — — 3,258 7,056 Gross profit 990 3,330 (136) (201) 854 3,129 Gross profit in % % % % %

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Sep. 30, 2018
Segment reporting
Schedule of segment reporting	Three months ended September 30, 2018 2017 (1) (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES Revenues 3,744 3,377 4,153 3,234 Gross profit 1,197 1,114 1,617 1,534 Gross profit in % % % % % Nine months ended September 30, 2018 2017 (1) (€ in thousands) SYSTEMS SERVICES SYSTEMS SERVICES Revenues 7,002 10,433 8,388 8,682 Gross profit 2,051 4,243 2,929 3,792 Gross profit in % % % % % (1) Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2018
Revenues
Schedule of revenues by geographic region	Three months ended September 30, Nine months ended September 30, 2017 2018 2017 (€ in thousands) (€ in thousands) EMEA 2,935 5,660 9,757 12,053 Germany 1,546 1,202 4,284 4,656 France 397 1,077 2,146 2,105 Sweden 46 1,167 209 1,367 Others 946 2,214 3,118 3,925 Asia Pacific 2,269 653 3,486 1,933 Indonesia 1,758 32 1,784 91 China 132 204 460 1,137 South Korea 361 400 667 656 Others 18 17 575 49 Americas 1,917 1,074 4,192 3,084 United States 1,871 911 4,125 2,742 Others 46 163 67 342 Total 7,121 7,387 17,435 17,070

Summary of significant accoun_4

Summary of significant accounting policies - IFRS 15 (Details) - EUR (€) € in Thousands	Jan. 01, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017		Sep. 30, 2017		Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2018	Sep. 30, 2017		Dec. 31, 2017		Dec. 31, 2016
Significant accounting policies
Total assets		€ 59,769	€ 64,471	€ 67,544	€ 67,002	[1]	€ 58,643		€ 59,116	€ 61,539	€ 64,471	€ 59,116	€ 59,769	€ 58,643		€ 67,002	[1]
Current assets		30,086	35,158	37,930	37,494	[1]	29,653		30,816	33,536	35,158	30,816	30,086	29,653		37,494	[1]
Trade receivables	€ 5,270	4,727			5,093	[1]							4,727			5,093	[1]
Total equity and liabilities		59,769	64,471	67,544	67,002	[1]	58,643		59,116	61,539	64,471	59,116	59,769	58,643		67,002	[1]
Current liabilities		7,557			6,576	[1]							7,557			6,576	[1]
Deferred income		21			271	[1]							21			271	[1]
Contract liabilities		1,366											1,366
Other liabilities and provisions		1,980			2,084	[1]							1,980			2,084	[1]
Equity		35,630	39,267	42,060	43,889	[1]	45,935	[2]	46,762	49,055	39,267	46,762	35,630	45,935	[2]	43,889	[1]	€ 51,536
Accumulated deficit		(46,111)	(42,324)	(39,382)	(37,509)	[1]	(35,209)		(34,188)	(31,465)	(42,324)	(34,188)	(46,111)	(35,209)		(37,509)	[1]
Revenues		7,121					7,387	[3]					17,435	17,070	[3]
Impairment loss on trade receivables													(10)
Operating loss		(2,761)	(2,404)	(2,388)	(2,475)		(990)	[3]	(2,731)	(2,453)	(4,794)	(5,184)	(7,555)	(6,174)	[3]	(8,649)
Loss before income tax		(3,803)					(1,026)	[3]					(8,457)	(6,252)	[3]
Net loss		(3,797)	(2,949)	(1,716)	(2,302)		(1,026)	[3]	(2,730)	(2,496)	(4,667)	(5,226)	(8,464)	(6,252)	[3],[4]	(8,554)
Total comprehensive loss		(3,815)	€ (2,961)	€ (1,795)	(2,194)		€ (959)	[3]	€ (2,415)	€ (2,481)	€ (4,758)	€ (4,896)	(8,573)	€ (5,855)	[3]	(8,049)
IFRS 15-Revenue from Contracts with Customers
Significant accounting policies
Total assets		(327)											(327)
Current assets		(327)											(327)
Trade receivables		(327)											(327)
Total equity and liabilities		(327)											(327)
Current liabilities		(554)											(554)
Deferred income		256											256
Contract liabilities		(1,366)											(1,366)
Other liabilities and provisions		556											556
Equity		227			(100)								227			(100)
Accumulated deficit	(100)	227											227
Revenues	€ (100)												127
Impairment loss on trade receivables													10
Operating loss													137
Loss before income tax													137
Net loss													137
Total comprehensive loss													137
Previously stated
Significant accounting policies
Total assets		59,442											59,442
Current assets		29,759											29,759
Trade receivables		4,400											4,400
Total equity and liabilities		59,442											59,442
Current liabilities		7,003											7,003
Deferred income		277											277
Other liabilities and provisions		2,536											2,536
Equity		35,857			€ 43,889	[2]							35,857			€ 43,889	[2]
Accumulated deficit		€ (45,884)											(45,884)
Revenues													17,562
Operating loss													(7,418)
Loss before income tax													(8,320)
Net loss													(8,327)
Total comprehensive loss													€ (8,436)
[1]	Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[2]	Comparative figures for the 9-month period ended September 30, 2017 and for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[3]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[4]	Comparative figures for the 9-month period ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Summary of significant accoun_5

Summary of significant accounting policies (Details)	9 Months Ended
	Sep. 30, 2018
Summary of significant accounting policies
Standard warranty period	1 year
Extended warranty and maintenance contracts	12 months
Optional maintenance period	12 months

Summary of significant accoun_6

Summary of significant accounting policies - IFRS 9 (Details) - EUR (€) € in Thousands	Jan. 01, 2018	Dec. 31, 2017
Previously stated
Financial instruments
Financial assets	€ 27,063
Financial liabilities	20,416
IFRS 9-Financial Instruments
Financial instruments
Financial assets	27,000
Financial liabilities	20,416
Financial liabilities measured at amortized cost | Current bank overdraft
Financial instruments
Financial liabilities		€ 58
Financial liabilities measured at amortized cost | Previously stated | Non-current long term debt
Financial instruments
Financial liabilities	16,242
Financial liabilities measured at amortized cost | Previously stated | Non-current finance lease obligation
Financial instruments
Financial liabilities	171
Financial liabilities measured at amortized cost | Previously stated | Current bank overdraft
Financial instruments
Financial liabilities	58
Financial liabilities measured at amortized cost | Previously stated | Current long term debt
Financial instruments
Financial liabilities	796
Financial liabilities measured at amortized cost | Previously stated | Current finance lease obligation
Financial instruments
Financial liabilities	308
Financial liabilities measured at amortized cost | Previously stated | Current trade payables
Financial instruments
Financial liabilities	2,841
Financial liabilities measured at amortized cost | IFRS 9-Financial Instruments | Non-current long term debt
Financial instruments
Financial liabilities	16,242
Financial liabilities measured at amortized cost | IFRS 9-Financial Instruments | Non-current finance lease obligation
Financial instruments
Financial liabilities	171
Financial liabilities measured at amortized cost | IFRS 9-Financial Instruments | Current bank overdraft
Financial instruments
Financial liabilities	58
Financial liabilities measured at amortized cost | IFRS 9-Financial Instruments | Current long term debt
Financial instruments
Financial liabilities	796
Financial liabilities measured at amortized cost | IFRS 9-Financial Instruments | Current finance lease obligation
Financial instruments
Financial liabilities	308
Financial liabilities measured at amortized cost | IFRS 9-Financial Instruments | Current trade payables
Financial instruments
Financial liabilities	2,841
FVOCI | IFRS 9-Financial Instruments | Non-current equity securities
Financial instruments
Financial assets	5
FVOCI | IFRS 9-Financial Instruments | Current bond funds
Financial instruments
Financial assets	14,044
FVTPL | IFRS 9-Financial Instruments | Non-current derivative financial instruments
Financial instruments
Financial assets	352
Assets at amortised cost | IFRS 9-Financial Instruments | Current cash and cash equivalents
Financial instruments
Financial assets	7,569
Assets at amortised cost | IFRS 9-Financial Instruments | Trade and other receivables
Financial instruments
Financial assets	5,030
Available-for-sale financial assets | Previously stated | Non-current equity securities
Financial instruments
Financial assets	5
Available-for-sale financial assets | Previously stated | Current bond funds
Financial instruments
Financial assets	14,044
A financial asset or financial liability at fair value through profit or loss | Previously stated | Non-current derivative financial instruments
Financial instruments
Financial assets	352
Loans and receivables | Previously stated | Current cash and cash equivalents
Financial instruments
Financial assets	7,569
Loans and receivables | Previously stated | Trade and other receivables
Financial instruments
Financial assets	€ 5,093

Summary of significant accoun_7

Summary of significant accounting policies - Impairment (Details) € in Thousands	Jan. 01, 2018EUR (€)
Change in allowance for doubtful accounts
Allowance for doubtful accounts, beginning of period	€ 482
Provisions	62
Allowance for doubtful accounts, end of period	545
IFRS 15-Revenue from Contracts with Customers
Change in allowance for doubtful accounts
Provisions	€ 1

Summary of significant accoun_8

Summary of significant accounting policies - Expected Credit Loss (Details) - EUR (€) € in Thousands	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017	[1]
Financial instruments
Trade receivables	€ 4,727	€ 5,270	€ 5,093
Gross carrying amount
Financial instruments
Trade receivables	4,848	5,333
Impairment loss allowance
Financial instruments
Trade receivables	€ 121	€ 63
Grade 1 to 4, Low Risk
Financial instruments
Probability of default	0.20%	0.20%
Trade receivables	€ 2,026	€ 3,269
Grade 1 to 4, Low Risk | Gross carrying amount
Financial instruments
Trade receivables	2,029	3,274
Grade 1 to 4, Low Risk | Impairment loss allowance
Financial instruments
Trade receivables	€ 3	€ 5
Grade 5 to 7, Fair Risk
Financial instruments
Probability of default	1.30%	1.30%
Trade receivables	€ 1,887	€ 1,652
Grade 5 to 7, Fair Risk | Gross carrying amount
Financial instruments
Trade receivables	1,913	1,674
Grade 5 to 7, Fair Risk | Impairment loss allowance
Financial instruments
Trade receivables	€ 26	€ 22
Grade 8 to 9, Substandard
Financial instruments
Probability of default	7.00%	7.00%
Trade receivables	€ 737	€ 338
Grade 8 to 9, Substandard | Gross carrying amount
Financial instruments
Trade receivables	792	363
Grade 8 to 9, Substandard | Impairment loss allowance
Financial instruments
Trade receivables	€ 55	€ 25
Grade 10 Doubtful
Financial instruments
Probability of default	25.00%	25.00%
Trade receivables	€ 77	€ 11
Grade 10 Doubtful | Gross carrying amount
Financial instruments
Trade receivables	103	14
Grade 10 Doubtful | Impairment loss allowance
Financial instruments
Trade receivables	€ 26	€ 3
Grade 11 Loss
Financial instruments
Probability of default	100.00%	100.00%
Grade 11 Loss | Gross carrying amount
Financial instruments
Trade receivables	€ 11	€ 8
Grade 11 Loss | Impairment loss allowance
Financial instruments
Trade receivables	€ 11	€ 8
[1]	Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Share based payment arrangeme_3

Share based payment arrangements (Details)	Apr. 12, 2018EquityInstruments	Apr. 07, 2017EquityInstrumentsshares
Share based payment arrangements
Number of shares authorized | shares		372,000
Options granted (in shares) | EquityInstruments	93,000	279,000
Options granted (in percent)	25.00%	75.00%
Vesting period		4 years
Number of consecutive days option may be exercised		90 days
Share price exceeds the exercise price (as a percent)		20.00%

Share based payment arrangeme_4

Share based payment arrangements - Fair value inputs (Details)	Apr. 12, 2018USD ($)	Apr. 12, 2018EUR (€)	Apr. 07, 2017USD ($)	Apr. 07, 2017EUR (€)
Share based payment arrangements
Share price at grant date	$ 16.15		$ 13.80
Exercise price	$ 16.15		$ 13.90
Expected volatility	58.40%	58.40%	55.00%	55.00%
Expected dividends | €		€ 0		€ 0
Risk-free interest rate	2.85%	2.85%	2.49%	2.49%
Fair value at grant date	$ 9.74		$ 8

Share based payment arrangeme_5

Share based payment arrangements - Options (Details) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018EUR (€)YEquityInstruments	Sep. 30, 2017EUR (€)Y	Sep. 30, 2018EUR (€)YEquityInstruments	Sep. 30, 2017EUR (€)Y
Share based payment arrangements
Options exercisable	0		0
Options outstanding	372,000		372,000
Weighted-average contractual life | Y	8.8	9.5	8.8	9.5
Expenses recognized in profit and loss | €	€ 178	€ 132	€ 477	€ 254

Inventories (Details)

Inventories (Details) - EUR (€) € in Thousands	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017
Inventories
Raw materials and merchandise	€ 4,185			€ 2,737
Work in progress	6,501			6,522
Total current inventories	€ 10,686	€ 12,493	€ 10,892	€ 9,259	[1]	€ 9,204	€ 9,386	€ 9,410
[1]	Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Property, plant and equipment_3

Property, plant and equipment, net - Summary (Details) - EUR (€) € in Thousands	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017
Property, plant and equipment
Property, plant and equipment.	€ 27,914	€ 26,807	€ 27,046	€ 27,949	[1]	€ 27,617	€ 27,010	€ 26,872
Thereof pledged assets of Property, Plant and Equipment	6,790			7,046
Land, buildings and leasehold improvements
Property, plant and equipment
Property, plant and equipment.	17,206			17,415
Plant and machinery
Property, plant and equipment
Property, plant and equipment.	9,104			8,901
Other facilities, factory and office equipment
Property, plant and equipment
Property, plant and equipment.	1,496			1,625
Assets under construction and prepayments made
Property, plant and equipment
Property, plant and equipment.	108			8
Leased assets
Property, plant and equipment
Property, plant and equipment.	259			881
Printers
Property, plant and equipment
Property, plant and equipment.	106			613
Printers leased to customers under operating lease
Property, plant and equipment
Property, plant and equipment.				97
Other factory equipment
Property, plant and equipment
Property, plant and equipment.	€ 153			€ 171
[1]	Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Other liabilities and provisi_3

Other liabilities and provisions - Summary (Details) - EUR (€) € in Thousands	Sep. 30, 2018	Dec. 31, 2017
Other liabilities and provisions
Customer deposits		€ 373
Liabilities from VAT	€ 18	12
Employee bonus	285	303
Accruals for vacation and overtime	293	222
Accruals for licenses	134	140
Liabilities from payroll	274	236
Accruals for commissions	80	50
Accruals for compensation of Supervisory board	175	180
Accrual for warranty	388	286
Others	509	322
Total	2,156	€ 2,124
Customer deposits netted with contract liabilities	€ 556

Financial instrument (Details)

Financial instrument (Details) - EUR (€) € in Thousands	Sep. 30, 2018	Dec. 31, 2017
Non-current long term debt | Not measured at fair value
Financial instruments
Financial liabilities	€ 16,255
Financial liabilities, at fair value	15,082
Non-current long term debt | Level Two | Fair value
Financial instruments
Financial liabilities, at fair value		€ 15,119
Non-current long term debt | Level Two | Not measured at fair value
Financial instruments
Financial liabilities, at fair value	15,082
Non-current finance lease obligation | Not measured at fair value
Financial instruments
Financial liabilities	79
Financial liabilities, at fair value	76
Non-current finance lease obligation | Level Two | Fair value
Financial instruments
Financial liabilities, at fair value		163
Non-current finance lease obligation | Level Two | Not measured at fair value
Financial instruments
Financial liabilities, at fair value	76
Current bank overdraft | Fair value
Financial instruments
Financial liabilities, at fair value		58
Current long term debt | Not measured at fair value
Financial instruments
Financial liabilities	810
Financial liabilities, at fair value	803
Current long term debt | Level Two | Fair value
Financial instruments
Financial liabilities, at fair value		787
Current long term debt | Level Two | Not measured at fair value
Financial instruments
Financial liabilities, at fair value	803
Current finance lease obligation | Not measured at fair value
Financial instruments
Financial liabilities	130
Financial liabilities, at fair value	128
Current finance lease obligation | Level Two | Fair value
Financial instruments
Financial liabilities, at fair value		310
Current finance lease obligation | Level Two | Not measured at fair value
Financial instruments
Financial liabilities, at fair value	128
Current trade payables | Not measured at fair value
Financial instruments
Financial liabilities	3,250
Non-current derivative financial instruments | Fair value
Financial instruments
Financial assets	263
Financial assets, at fair value	263
Non-current derivative financial instruments | Level Two | Fair value
Financial instruments
Financial assets, at fair value	263	352
Non-current equity securities | Fair value
Financial instruments
Financial assets	5
Financial assets, at fair value	5
Non-current equity securities | Level Three | Fair value
Financial instruments
Financial assets, at fair value	5	5
Current bond funds | Fair value
Financial instruments
Financial assets	9,934
Financial assets, at fair value	9,934
Current bond funds | Level One | Fair value
Financial instruments
Financial assets, at fair value	9,934	14,044
Current cash and cash equivalents | Not measured at fair value
Financial instruments
Financial assets	3,101
Financial assets, at fair value	3,101
Current cash and cash equivalents | Level One | Fair value
Financial instruments
Financial assets, at fair value		7,569
Current cash and cash equivalents | Level One | Not measured at fair value
Financial instruments
Financial assets, at fair value	3,101
Trade and other receivables | Not measured at fair value
Financial instruments
Financial assets	4,727
Financial liabilities measured at amortized cost | Non-current long term debt | Not measured at fair value
Financial instruments
Financial liabilities	16,255
Financial liabilities measured at amortized cost | Non-current long term debt | Level Two
Financial instruments
Financial liabilities		16,242
Financial liabilities measured at amortized cost | Non-current finance lease obligation | Not measured at fair value
Financial instruments
Financial liabilities	79
Financial liabilities measured at amortized cost | Non-current finance lease obligation | Level Two
Financial instruments
Financial liabilities		171
Financial liabilities measured at amortized cost | Current bank overdraft
Financial instruments
Financial liabilities		58
Financial liabilities measured at amortized cost | Current long term debt | Not measured at fair value
Financial instruments
Financial liabilities	810
Financial liabilities measured at amortized cost | Current long term debt | Level Two
Financial instruments
Financial liabilities		796
Financial liabilities measured at amortized cost | Current finance lease obligation | Not measured at fair value
Financial instruments
Financial liabilities	130
Financial liabilities measured at amortized cost | Current finance lease obligation | Level Two
Financial instruments
Financial liabilities		308
Financial liabilities measured at amortized cost | Current trade payables | Not measured at fair value
Financial instruments
Financial liabilities	3,250
FVTPL | Non-current derivative financial instruments | Fair value
Financial instruments
Financial assets	263
FVOCI | Non-current equity securities | Fair value
Financial instruments
Financial assets	5
FVOCI | Current bond funds | Fair value
Financial instruments
Financial assets	9,934
Assets at amortised cost | Current cash and cash equivalents | Not measured at fair value
Financial instruments
Financial assets	3,101
Assets at amortised cost | Trade and other receivables | Not measured at fair value
Financial instruments
Financial assets	€ 4,727
A financial asset or financial liability at fair value through profit or loss | Non-current derivative financial instruments | Level Two
Financial instruments
Financial assets		352
Available-for-sale financial assets | Non-current equity securities | Level Three
Financial instruments
Financial assets		5
Available-for-sale financial assets | Current bond funds | Level One
Financial instruments
Financial assets		14,044
Loans and receivables | Current cash and cash equivalents | Level One
Financial instruments
Financial assets		€ 7,569

Financial result (Details)

Financial result (Details) - EUR (€) € in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017		Sep. 30, 2018	Sep. 30, 2017
Financial result
Interest expense	€ (1,086)	€ (41)	[1]	€ (962)	€ (90)	[1]
Finance lease obligations	(20)	(22)		(79)	(39)
Long-term debt	(238)	(11)		(705)	(40)
Expense from revaluation of derivative financial instruments	(805)			(89)
Other	(23)	(8)		(89)	(11)
Interest income	44	5	[1]	60	12	[1]
Income from bond funds	34	2		48	9
Other	10	3		12	3
Financial result	€ (1,042)	€ (36)	[1]	€ (902)	€ (78)	[1]
[1]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Correction of errors - Financia

Correction of errors - Financial position (Details) - EUR (€) € in Thousands	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017		Sep. 30, 2017		Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Correction of errors
Current assets	€ 30,086	€ 35,158	€ 37,930	€ 37,494	[1]	€ 29,653		€ 30,816	€ 33,536
Inventories	10,686	12,493	10,892	9,259	[1]	9,204		9,386	9,410
Non-current assets	29,683	29,313	29,614	29,508	[1]	28,990		28,300	28,003
Property, plant and equipment	27,914	26,807	27,046	27,949	[1]	27,617		27,010	26,872
Total assets	59,769	64,471	67,544	67,002	[1]	58,643		59,116	61,539
Equity	35,630	39,267	42,060	43,889	[1]	45,935	[2]	46,762	49,055	€ 51,536
Accumulated deficit	(46,111)	(42,324)	(39,382)	(37,509)	[1]	(35,209)		(34,188)	(31,465)
Total equity and liabilities	€ 59,769	64,471	67,544	67,002	[1]	58,643		59,116	61,539
As previously reported
Correction of errors
Current assets		35,781	38,347	37,774		29,840		30,937	33,601
Inventories		13,116	11,309	9,539		9,391		9,507	9,475
Non-current assets		29,056	29,360	29,257		28,990		28,300	28,003
Property, plant and equipment		26,550	26,792	27,698		27,617		27,010	26,872
Total assets		64,837	67,707	67,031		58,830		59,237	61,604
Equity		39,633	42,223	43,918		46,122		46,883	49,120
Accumulated deficit		(41,958)	(39,219)	(37,480)		(35,022)		(34,067)	(31,400)
Total equity and liabilities		64,837	67,707	67,031		58,830		59,237	61,604
Adjustments
Correction of errors
Current assets		(623)	(417)	(280)		(187)		(121)	(65)
Inventories		(623)	(417)	(280)		(187)		(121)	(65)
Non-current assets		257	254	251
Property, plant and equipment		257	254	251
Total assets		(366)	(163)	(29)		(187)		(121)	(65)
Equity		(366)	(163)	(29)		(187)		(121)	(65)
Accumulated deficit		(366)	(163)	(29)		(187)		(121)	(65)
Total equity and liabilities		€ (366)	€ (163)	€ (29)		€ (187)		€ (121)	€ (65)
[1]	Comparative figures for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[2]	Comparative figures for the 9-month period ended September 30, 2017 and for the year ended December 31, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Correction of errors - Comprehe

Correction of errors - Comprehensive loss (Details) - EUR (€) € / shares in Units, € in Thousands	3 Months Ended								6 Months Ended		9 Months Ended			12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017		Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2018	Sep. 30, 2017		Dec. 31, 2017
Correction of errors
Cost of sales	€ (4,810)	€ (3,410)	€ (2,919)	€ (3,504)	€ (4,236)	[1]	€ (3,099)	€ (3,014)	€ (6,331)	€ (6,113)	€ (11,141)	€ (10,349)	[1]	€ (13,853)
Gross profit	2,311	1,852	2,133	2,604	3,151	[1]	2,054	1,516	3,983	3,570	6,294	6,721	[1]	9,325
Operating loss	(2,761)	(2,404)	(2,388)	(2,475)	(990)	[1]	(2,731)	(2,453)	(4,794)	(5,184)	(7,555)	(6,174)	[1]	(8,649)
Net loss	(3,797)	(2,949)	(1,716)	(2,302)	(1,026)	[1]	(2,730)	(2,496)	(4,667)	(5,226)	(8,464)	(6,252)	[1],[2]	(8,554)
Total comprehensive loss	(3,815)	(2,961)	(1,795)	(2,194)	(959)	[1]	(2,415)	(2,481)	(4,758)	(4,896)	(8,573)	(5,855)	[1]	(8,049)
Loss attributable to owners of the company	(3,787)	(2,940)	(1,710)	(2,300)	(1,021)	[1]	(2,723)	(2,494)	(4,652)	(5,217)	(8,439)	(6,238)	[1]	(8,538)
Total comprehensive loss attributable to owners of the company	€ (3,805)	€ (2,952)	€ (1,789)	€ (2,192)	€ (954)	[1]	€ (2,408)	€ (2,479)	€ (4,743)	€ (4,887)	€ (8,548)	€ (5,841)	[1]	€ (8,033)
Loss per share - basic/ diluted (in EUR per share)	€ (1.02)	€ (0.79)	€ (0.46)	€ (0.62)	€ (0.27)	[1]	€ (0.73)	€ (0.67)	€ (1.25)	€ (1.40)	€ (2.27)	€ (1.68)	[1]	€ (2.30)
As previously reported
Correction of errors
Cost of sales		€ (3,209)	€ (2,785)	€ (3,662)	€ (4,170)		€ (3,043)	€ (2,949)	€ (5,994)	€ (5,992)		€ (10,162)		€ (13,824)
Gross profit		2,053	2,267	2,446	3,217		2,110	1,581	4,320	3,691		6,908		9,354
Operating loss		(2,203)	(2,254)	(2,633)	(924)		(2,675)	(2,388)	(4,457)	(5,063)		(5,987)		(8,620)
Net loss		(2,748)	(1,582)	(2,460)	(960)		(2,674)	(2,431)	(4,330)	(5,105)		(6,065)		(8,525)
Total comprehensive loss		(2,760)	(1,661)	(2,352)	(893)		(2,359)	(2,416)	(4,421)	(4,775)		(5,668)		(8,020)
Loss attributable to owners of the company		(2,739)	(1,576)	(2,458)	(955)		(2,667)	(2,429)	(4,315)	(5,096)		(6,051)		(8,509)
Total comprehensive loss attributable to owners of the company		€ (2,751)	€ (1,655)	€ (2,350)	€ (888)		€ (2,352)	€ (2,414)	€ (4,406)	€ (4,766)		€ (5,654)		€ (8,004)
Loss per share - basic/ diluted (in EUR per share)		€ (0.74)	€ (0.42)	€ (0.66)	€ (0.26)		€ (0.72)	€ (0.65)	€ (1.16)	€ (1.37)		€ (1.63)		€ (2.29)
Adjustments
Correction of errors
Cost of sales		€ (201)	€ (134)	€ 158	€ (66)		€ (56)	€ (65)	€ (337)	€ (121)		€ (187)		€ (29)
Gross profit		(201)	(134)	158	(66)		(56)	(65)	(337)	(121)		(187)		(29)
Operating loss		(201)	(134)	158	(66)		(56)	(65)	(337)	(121)		(187)		(29)
Net loss		(201)	(134)	158	(66)		(56)	(65)	(337)	(121)		(187)		(29)
Total comprehensive loss		(201)	(134)	158	(66)		(56)	(65)	(337)	(121)		(187)		(29)
Loss attributable to owners of the company		(201)	(134)	158	(66)		(56)	(65)	(337)	(121)		(187)		(29)
Total comprehensive loss attributable to owners of the company		€ (201)	€ (134)	€ 158	€ (66)		€ (56)	€ (65)	€ (337)	€ (121)		€ (187)		€ (29)
Loss per share - basic/ diluted (in EUR per share)		€ (0.05)	€ (0.04)	€ 0.04	€ (0.01)		€ (0.01)	€ (0.02)	€ (0.09)	€ (0.03)		€ (0.05)		€ (0.01)
[1]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.
[2]	Comparative figures for the 9-month period ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Correction of errors - Segments

Correction of errors - Segments (Details) - EUR (€) € in Thousands	3 Months Ended								6 Months Ended		9 Months Ended			12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017		Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2018	Sep. 30, 2017		Dec. 31, 2017
Correction of errors
Revenues	€ 7,121				€ 7,387	[1]					€ 17,435	€ 17,070	[1]
Gross profit	(3,803)				(1,026)	[1]					(8,457)	(6,252)	[1]
Systems
Correction of errors
Revenues	3,744	€ 1,883	€ 1,375	€ 3,146	4,153		€ 2,542	€ 1,693	€ 3,258	€ 4,235	7,002	8,388		€ 11,534
Gross profit	€ 1,197	€ 474	€ 381	€ 1,329	€ 1,617		€ 947	€ 365	€ 854	€ 1,312	€ 2,051	€ 2,929		€ 4,258
Gross profit in %	32.00%	25.20%	27.70%	42.20%	38.90%		37.30%	21.60%	26.20%	31.00%	29.30%	34.90%		36.90%
Services
Correction of errors
Revenues	€ 3,377	€ 3,379	€ 3,677	€ 2,962	€ 3,234		€ 2,611	€ 2,837	€ 7,056	€ 5,448	€ 10,433	€ 8,682		€ 11,644
Gross profit	€ 1,114	€ 1,378	€ 1,752	€ 1,275	€ 1,534		€ 1,107	€ 1,151	€ 3,129	€ 2,258	€ 4,243	€ 3,792		€ 5,067
Gross profit in %	33.00%	40.80%	47.60%	43.00%	47.40%		42.40%	40.60%	44.30%	41.40%	40.70%	43.70%		43.50%
As previously reported | Systems
Correction of errors
Revenues		€ 1,883	€ 1,375	€ 3,146	€ 4,153		€ 2,542	€ 1,693	€ 3,258	€ 4,235		€ 8,388		€ 11,534
Gross profit		€ 561	€ 429	€ 1,059	€ 1,584		€ 925	€ 353	€ 990	€ 1,278		€ 2,862		€ 3,921
Gross profit in %		29.80%	31.20%	33.70%	38.10%		36.40%	20.90%	30.40%	30.20%		34.10%		34.00%
As previously reported | Services
Correction of errors
Revenues		€ 3,379	€ 3,677	€ 2,962	€ 3,234		€ 2,611	€ 2,837	€ 7,056	€ 5,448		€ 8,682		€ 11,644
Gross profit		€ 1,492	€ 1,838	€ 1,387	€ 1,633		€ 1,185	€ 1,228	€ 3,330	€ 2,413		€ 4,046		€ 5,433
Gross profit in %		44.20%	50.00%	46.80%	50.50%		45.40%	43.30%	47.20%	44.30%		46.60%		46.70%
Adjustments | Systems
Correction of errors
Gross profit		€ (87)	€ (48)	€ 270	€ 33		€ 22	€ 12	€ (136)	€ 34		€ 67		€ 337
Adjustments | Services
Correction of errors
Gross profit		€ (114)	€ (86)	€ (112)	€ (99)		€ (78)	€ (77)	€ (201)	€ (155)		€ (254)		€ (366)
[1]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Segment reporting (Details)

Segment reporting (Details) € in Thousands	3 Months Ended								6 Months Ended		9 Months Ended			12 Months Ended
	Sep. 30, 2018EUR (€)	Jun. 30, 2018EUR (€)	Mar. 31, 2018EUR (€)	Dec. 31, 2017EUR (€)	Sep. 30, 2017EUR (€)		Jun. 30, 2017EUR (€)	Mar. 31, 2017EUR (€)	Jun. 30, 2018EUR (€)	Jun. 30, 2017EUR (€)	Sep. 30, 2018EUR (€)segment	Sep. 30, 2017EUR (€)		Dec. 31, 2017EUR (€)
Segment reporting
Number of reportable segments | segment											2
Revenues	€ 7,121				€ 7,387	[1]					€ 17,435	€ 17,070	[1]
Gross profit	(3,803)				(1,026)	[1]					(8,457)	(6,252)	[1]
Systems
Segment reporting
Revenues	3,744	€ 1,883	€ 1,375	€ 3,146	4,153		€ 2,542	€ 1,693	€ 3,258	€ 4,235	7,002	8,388		€ 11,534
Gross profit	€ 1,197	€ 474	€ 381	€ 1,329	€ 1,617		€ 947	€ 365	€ 854	€ 1,312	€ 2,051	€ 2,929		€ 4,258
Gross profit in %	32.00%	25.20%	27.70%	42.20%	38.90%		37.30%	21.60%	26.20%	31.00%	29.30%	34.90%		36.90%
Services
Segment reporting
Revenues	€ 3,377	€ 3,379	€ 3,677	€ 2,962	€ 3,234		€ 2,611	€ 2,837	€ 7,056	€ 5,448	€ 10,433	€ 8,682		€ 11,644
Gross profit	€ 1,114	€ 1,378	€ 1,752	€ 1,275	€ 1,534		€ 1,107	€ 1,151	€ 3,129	€ 2,258	€ 4,243	€ 3,792		€ 5,067
Gross profit in %	33.00%	40.80%	47.60%	43.00%	47.40%		42.40%	40.60%	44.30%	41.40%	40.70%	43.70%		43.50%
[1]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Revenues (Details)

Revenues (Details) - EUR (€) € in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017		Sep. 30, 2018	Sep. 30, 2017
Revenues
Revenues	€ 7,121	€ 7,387	[1]	€ 17,435	€ 17,070	[1]
EMEA
Revenues
Revenues	2,935	5,660		9,757	12,053
Germany
Revenues
Revenues	1,546	1,202		4,284	4,656
France
Revenues
Revenues	397	1,077		2,146	2,105
Sweden
Revenues
Revenues	46	1,167		209	1,367
Others-EMEA
Revenues
Revenues	946	2,214		3,118	3,925
Asia Pacific
Revenues
Revenues	2,269	653		3,486	1,933
Indonesia
Revenues
Revenues	1,758	32		1,784	91
China
Revenues
Revenues	132	204		460	1,137
South Korea
Revenues
Revenues	361	400		667	656
Others-Asia Pacific
Revenues
Revenues	18	17		575	49
Americas
Revenues
Revenues	1,917	1,074		4,192	3,084
United States
Revenues
Revenues	1,871	911		4,125	2,742
Others-Americas
Revenues
Revenues	€ 46	€ 163		€ 67	€ 342
[1]	Comparative figures for the 3-month and 9-month periods ended September 30, 2017 were restated for immaterial errors. For further information, see Notes 1 and 9 of the interim consolidated financial statements.

Subsequent events (Details)

Subsequent events (Details) € in Millions	Nov. 08, 2018EUR (€)shares	Oct. 17, 2018EUR (€)	Oct. 17, 2018$ / sharesshares
Share transaction
Subsequent events
Net proceeds received | €		€ 9.2
Share transaction | Ordinary shares
Subsequent events
Number of shares issued			972,000
Share transaction | American Depositary Shares
Subsequent events
Number of shares issued			4,860,000
Offering price (in dollars per share) | $ / shares			$ 2.57
Number of shares purchased by management			233,462
Over-allotment transaction
Subsequent events
Net proceeds received | €	€ 1.4
Over-allotment transaction | Ordinary shares
Subsequent events
Number of shares issued	144,000
Over-allotment transaction | American Depositary Shares
Subsequent events
Number of shares issued	720,000