voxeljet (VJTTY) 6-K 12 Aug 21 2021 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2021
Document and Entity Information
Document Type	6-K
Document Period End Date	Jun. 30, 2021
Entity Registrant Name	voxeljet AG
Entity Central Index Key	0001582581
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - EUR (€) € in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Current assets	€ 36,933	€ 28,137
Cash and cash equivalents	5,849	5,324
Financial assets	12,622	5,351
Trade receivables	5,387	4,680
Inventories	10,992	11,394
Income tax receivables	40	31
Other assets	2,043	1,357
Non-current assets
Non-current assets	26,192	25,090
Financial assets	1,197	5
Intangible assets	1,013	1,143
Property, plant and equipment	23,831	23,774
Investments in joint venture	25	27
Other assets	126	141
Total assets	63,125	53,227
Current liabilities
Current liabilities	10,154	26,215
Trade payables	2,170	1,956
Contract liabilities	4,953	2,911
Financial liabilities	1,234	19,770
Other liabilities and provisions	1,797	1,578
Non-current liabilities
Non-current liabilities	28,112	7,371
Deferred tax liabilities		52
Financial liabilities	28,107	7,314
Other liabilities and provisions	5	5
Equity
Equity	24,859	19,641
Subscribed capital	5,901	4,836
Capital reserves	103,854	88,748
Accumulated deficit	(86,187)	(75,463)
Accumulated other comprehensive income	1,555	1,675
Equity attributable to the owners of the company	25,123	19,796
Non-controlling interest	(264)	(155)
Total equity and liabilities	€ 63,125	€ 53,227

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - EUR (€) € in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Revenues	€ 4,943	€ 3,916	€ 9,003	€ 7,800
Cost of sales	(3,531)	(2,901)	(6,552)	(5,630)
Gross profit	1,412	1,015	2,451	2,170
Selling expenses	(1,466)	(1,305)	(2,914)	(2,841)
Administrative expenses	(1,986)	(1,841)	(3,469)	(3,217)
Research and development expenses	(1,670)	(1,620)	(3,274)	(3,255)
Other operating expenses	(284)	(709)	(385)	(1,368)
Other operating income	112	503	1,026	1,035
Operating loss	(3,882)	(3,957)	(6,565)	(7,476)
Finance costs	(596)	(1,316)	(4,427)	(822)
Finance income	1,974	144	107	631
Financial result	1,378	(1,172)	(4,320)	(191)
Loss before income taxes	(2,504)	(5,129)	(10,885)	(7,667)
Income tax income (expense)		6	52	(57)
Net loss	(2,504)	(5,123)	(10,833)	(7,724)
Other comprehensive income (loss) that may be reclassified subsequently to profit or loss	51	395	(120)	812
Total comprehensive loss	(2,453)	(4,728)	(10,953)	(6,912)
Loss attributable to:
Owners of the Company	(2,421)	(5,126)	(10,724)	(7,682)
Non-controlling interests	(83)	3	(109)	(42)
Net loss	(2,504)	(5,123)	(10,833)	(7,724)
Total comprehensive loss attributable to:
Owners of the Company	(2,370)	(4,731)	(10,844)	(6,870)
Non-controlling interests	(83)	3	(109)	(42)
Total comprehensive loss	€ (2,453)	€ (4,728)	€ (10,953)	€ (6,912)
Weighted average number of ordinary shares outstanding	5,900,584	4,836,000	5,703,078	4,836,000
Loss per share - basic (in EUR per share)	€ (0.41)	€ (1.06)	€ (1.88)	€ (1.59)
Loss per share - diluted (in EUR per share)	€ (0.41)	€ (1.06)	€ (1.88)	€ (1.59)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (parenthetical) - EUR (€) € in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Thereof income (expense) from changes in impairment allowance included in other operating income (expense)	€ (31)	€ 21	€ (13)	€ (15)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED 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, 2019	€ 33,531	€ 4,836	€ 88,077	€ (60,124)	€ 742	€ (13)	€ 33,518
Loss for the period	(7,682)			(7,682)		(42)	(7,724)
Foreign currency translations	812				812		812
Equity-settled share-based payment	333		333				333
Balance at the end at Jun. 30, 2020	26,994	4,836	88,410	(67,806)	1,554	(55)	26,939
Balance at the beginning at Dec. 31, 2019	33,531	4,836	88,077	(60,124)	742	(13)	33,518
Loss for the period							(15,481)
Balance at the end at Dec. 31, 2020	19,796	4,836	88,748	(75,463)	1,675	(155)	19,641
Loss for the period	(10,724)			(10,724)		(109)	(10,833)
Foreign currency translations	(120)				(120)		(120)
Issue of ordinary shares in the form of ADS, net of transaction costs and tax	15,953	1,065	14,888				15,953
Equity-settled share-based payment	218		218				218
Balance at the end at Jun. 30, 2021	€ 25,123	€ 5,901	€ 103,854	€ (86,187)	€ 1,555	€ (264)	€ 24,859

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flow from operating activities
Loss for the period	€ (10,833)	€ (7,724)
Depreciation and amortization	1,570	1,842
Foreign currency exchange differences on loans to subsidiaries	(516)	812
Changes in financial assets due to fair value valuation	66	121
Share-based compensation expense	218	334
Change in impairment of trade receivables	13	(40)
Non-cash interest expense on long-term debt	933	564
Change in fair value of derivative equity forward	3,222	(574)
Change in inventory allowance	(57)	(1)
Loss on disposal of property, plant and equipment and intangible assets	17	59
Interest paid	129	138
Interest received	(35)	(58)
Change in deferred tax	(52)	81
Change in working capital	374	(1,523)
Trade and other receivables, inventories and current assets	(1,917)	(711)
Trade payables	192	(607)
Other liabilities, contract liabilities and provisions	2,235	774
Change in restricted cash	(127)	(956)
Income tax payable/receivables	(9)	(23)
Total	(4,951)	(5,969)
Cash Flow from investing activities
Payments to acquire property, plant and equipment and intangible assets	(78)	(102)
Proceeds from disposal of financial assets		3,969
Payments to acquire financial assets	(7,464)	(2)
Interest received	35	58
Total	(7,507)	3,923
Cash Flow from financing activities
Repayment of lease liabilities	(160)	(246)
Repayment of long-term debt	(727)	(466)
Proceeds from issuance of long-term debt		5,000
Proceeds from issue of ordinary shares in the form of ADS	18,153
Share issue cost	(2,200)
Change in restricted cash	(2,000)
Interest paid	(129)	(138)
Total	12,937	4,150
Net increase (decrease) in cash and cash equivalents	479	2,104
Cash and cash equivalents at beginning of period	5,324	4,368
Changes to cash and cash equivalents due to foreign exchanges rates	46	(21)
Cash and cash equivalents at end of period	€ 5,849	€ 6,451

Preparation of financial statem

Preparation of financial statements	6 Months Ended
	Jun. 30, 2021
Preparation of financial statements
Preparation of financial statements	voxeljet AG ​ NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS ​ 1. Preparation of financial statements ​ The condensed consolidated interim financial statements include the accounts of voxeljet AG ​ The condensed 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. The condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto that are included in the Company’s Annual Report on Form 20-F for the year ended December 31, 2020. The results of operations for the three and six months ended June 30, 2021, are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2021. ​ The IASB issued a number of new IFRS standards which are required to be adopted in annual periods beginning after January 1, 2021. ​ ​ ​ ​ Standard Effective date Descriptions IFRS 4 01/2021 Extension of the Temporary Exemption from Applying IFRS 9 IFRS 16 04/2021 Covid-19-Related Rent Concessions IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 01/2022 Interest Rate Benchmark Reform IFRS 3 01/2022 Reference to the Conceptual Framework IAS 16 01/2022 Proceeds before intended use IAS 37 01/2022 Onerous contracts – Cost of Fulfilling a Contract IFRS 1, IFRS 9, IFRS 16 and IAS 41 01/2022 Annual Improvements to IFRS Standards 2018–2020 (IFRS 1, IFRS 9, IFRS 16 and IAS 41) IFRS 17 01/2023 Amendments to IFRS 17 Insurance Contracts IAS 1 01/2023 Classifications of Liabilities as Current or Non-Current (Amendment to IAS 1) IAS 1 01/2023 Amendment to IAS 1 - Disclosure of Accounting Policies IAS 8 01/2023 Amendment to IAS 8 - Definition of Accounting Estimate IAS 12 01/2023 Amendments to IAS 12 - Deferred Taxes in Connection with Assets and Liabilities Arising from a Single Transaction ​ The adoption of standards effective 01/2021 and 04/2021 did not have a material impact on the interim financial statements as of and for the three and six months ended June 30, 2021. The Company has not yet conclusively determined what impact the new standards, amendments or interpretations effective 01/2022 or later will have on its financial statements, but is currently performing an assessment of potential impacts. ​ The condensed consolidated interim financial statements as of and for the three and six months ended June 30, 2021 and 2020 were authorized for issue by the Management Board on August 12, 2021. ​ Going concern ​ The condensed consolidated financial statements have been prepared on the basis of going concern which contemplates continuity of normal business activities and the realization of assets and settlement of liabilities in the ordinary course of business. ​ voxeljet has recognized continuous net losses during the first half of 2021, full year 2020, 2019 and 2018 amounting to kEUR 10,833, kEUR, 15,481, kEUR 13,978 and kEUR 8,747, respectively. Additionally, voxeljet had negative cash flows from operating activities in the six months ended June 30, 2021, full year 2020, 2019 and 2018 of kEUR 4,951, kEUR 6,598, kEUR 6,592, kEUR 7,331, respectively, mainly due to continuous net losses. ​ Since the global outbreak of COVID-19, the Company has experienced and expects to continue to experience lower demand in both, the Systems and the Services segment compared to before the pandemic. voxeljet’s clients have postponed and may continue to postpone larger investments and therefore, the demand for 3D printers may also decrease. In addition, the COVID-19 situation could cause further delays in installation of 3D printers at customers’ facilities, which could lead to postponed revenue recognition for those transactions. Since the third quarter of 2020, the Company experienced a slight recovery of demand and this positive trend has continued, although, demand is not on the same level as before COVID-19. Both a decrease in revenues as well as potential delays in the installations increase the risk and likelihood of lower cash inflows. Such risks have been evaluated by management and consequently have been considered in the Company’s liquidity forecast, which assumes voxeljet’s business plan is executed appropriately and sales track as expected. Management updates the liquidity forecast on an ongoing basis. ​ In January 2021, the Company has successfully completed its registered direct offering and sale of 621,170 ordinary shares in the form of American Depositary Shares (ADSs) at a purchase price of € 13.33 per share (this equals $16.16 per ordinary share based on the exchange rate as of the close of business in New York on January 14, 2021). This provided voxeljet with gross proceeds of the offering amounting to approximately $10 million (€ 8.3 million) before deducting fees and expenses. In February 2021, the Company completed another registered direct offering and sale of 443,414 ordinary shares in the form of ADSs at a purchase price of € 22.27 per ordinary share (this equals $26.95 per ordinary share based on the exchange rate as of the close of business in New York on February 9, 2021). This provided voxeljet with gross proceeds of the offering amounting to approximately $12 million (€ 9.9 million) before deducting fees and expenses. Furthermore, the Company has successfully completed its registered direct offering and sale of 1,126,127 ordinary shares in the form of ADSs at a purchase price of € 7.52 per share (this equals $8.88 per ordinary share based on the exchange rate as of the close of business in New York on July 14, 2021). This provided voxeljet with gross proceeds of the offering amounting to approximately $10 million (€ 8.5 million) before deducting fees and expenses. ​ Those capital increases improved the Company’s liquidity as well as equity ratio significantly. In spite of this success, management is taking further steps to raise further funds which may include debt or equity financing, not without mentioning, that there can be no assurance that voxeljet will be able to raise further funds on terms favorable to the Company, if at all. ​ Based on the Company’s current liquidity and capital resources in combination with the current liquidity forecasts, management believes that the Company has the ability to meet its financial obligations for at least the next 24 months from the issuance date of this report and therefore continues as a going concern. ​ Impairment test ​ Non-financial assets are tested for impairment if there are indicators that the carrying amounts may not be recoverable. The Company considers the COVID-19 situation as such an indicator. Therefore, voxeljet performed an impairment test for the non-financial assets for the end of the reporting period. An impairment loss is recognized in the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is defined as the higher of an asset’s fair value less cost to sell and its value in use. As individual assets do not generate largely independent cash flows, impairment testing is performed at the cash generating unit level. An individual fixed asset within a CGU cannot be written down below fair value less cost incurred to sell the individual asset. The impairment test, which the Company performed, did not lead to any write downs.

Summary of significant accounti

Summary of significant accounting policies	6 Months Ended
	Jun. 30, 2021
Summary of significant accounting policies
Summary of significant accounting policies	2. Summary of significant accounting policies ​ The principal accounting policies applied in the preparation of these interim financial statements are set out in the Company’s financial statements as of December 31, 2020, which can be found in its Annual Report on Form 20-F that was filed with the U.S. Securities and Exchange Commission on March 30, 2021. These policies have been applied to all financial periods presented. ​

Share based payment arrangement

Share based payment arrangements	6 Months Ended
	Jun. 30, 2021
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. On April 7, 2017 279,000 options (75%, Tranche 1) were granted. On April 12, 2018 93,000 options (25%, Tranche 2) were granted. ​ 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) 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 June 30, 2021 265,050 options are exercisable and 353,400 options are outstanding. The weighted-average contractual life of the options at June 30, 2021 amounts to 6.0 years (June 30, 2020: 7.0 years). ​ The expenses recognized in the profit and loss statement in relation to the share-based payment arrangements amounted to kEUR 52 in the three months and kEUR 217 in the six months ended June 30, 2021. (Three months and six months ended June 30, 2020: kEUR 167 and kEUR 334, respectively).

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventories
Inventories	4. Inventories ​ ​ ​ ​ ​ ​ ​ ​ 6/30/2021 12/31/2020 ​ ​ (€ in thousands) ​ Raw materials and merchandise 3,501 3,733 ​ Work in progress 7,491 7,661 ​ Total 10,992 11,394 ​ ​

Property, plant and equipment,

Property, plant and equipment, net	6 Months Ended
	Jun. 30, 2021
Property, plant and equipment, net
Property, plant and equipment, net	5. Property, plant and equipment, net ​ ​ ​ ​ ​ ​ ​ 6/30/2021 12/31/2020 ​ ​ (€ in thousands) Land, buildings and leasehold improvements 18,353 18,698 Plant and machinery ​ 4,519 3,982 Other facilities, factory and office equipment 902 1,039 Assets under construction and prepayments made 57 55 Total 23,831 23,774 Thereof pledged assets of Property, Plant and Equipment ​ 12,697 ​ 13,069 ​ ​ In March 2020, voxeljet registered a first rank land charge amounting to kEUR 10,000 on its land and facility located in Friedberg, Germany as collateral in favor of the European Investment Bank (“EIB”) related to the loan, entered into with the EIB under the Finance Contract, dated November 9, 2017.

Other liabilities and provision

Other liabilities and provisions	6 Months Ended
	Jun. 30, 2021
Other liabilities and provisions
Other liabilities and provisions	6. Other liabilities and provisions ​ ​ ​ ​ ​ ​ ​ 6/30/2021 12/31/2020 ​ ​ (€ in thousands) Accruals for vacation and overtime 469 124 Liabilities from payroll 271 237 Accruals for commissions ​ 220 ​ 236 Employee bonus 219 334 Accrual for warranty ​ 185 ​ 228 Accruals for management compensation ​ 97 ​ -- Accruals for compensation of Supervisory board 90 180 Liabilities from VAT ​ 33 ​ 27 Accruals for licenses ​ 26 ​ 68 Accruals for education and training ​ 18 ​ 41 Others 174 108 Total 1,802 1,583 ​

Financial instruments

Financial instruments	6 Months Ended
	Jun. 30, 2021
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 (€ in thousands) ​ ​ ​ ​ ​ Assets at ​ Liabilities ​ Total ​ ​ ​ ​ ​ ​ ​ Total ​ ​ FVTPL ​ FVOCI ​ amortized ​ at amortized ​ carrying ​ ​ ​ ​ ​ ​ ​ fair 30.06.2021 ​ ​ cost cost amount Level 1 Level 2 Level 3 value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ 9,099 ​ 5 ​ 15,951 ​ -- ​ 25,055 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets ​ 7,907 ​ -- ​ 15,951 ​ -- ​ 23,858 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents -- -- ​ 5,849 -- 5,849 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ 7,907 ​ -- ​ 4,715 ​ -- ​ 12,622 ​ 7,907 ​ -- ​ -- ​ 7,907 Bond funds ​ 7,907 ​ -- ​ -- -- 7,907 ​ 7,907 ​ -- ​ -- ​ 7,907 Term deposit ​ -- ​ -- ​ 2,527 -- 2,527 ​ -- ​ -- ​ -- ​ -- Restricted cash ​ -- -- ​ 2,188 -- 2,188 ​ -- ​ -- ​ -- ​ -- ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade receivables, net ​ -- ​ -- ​ 5,387 ​ -- ​ 5,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current assets ​ 1,192 5 ​ -- ​ -- ​ 1,197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ 1,192 ​ 5 ​ -- ​ -- ​ 1,197 ​ 5 ​ 1,192 ​ -- ​ 1,197 Derivative financial instruments ​ 1,192 -- ​ -- ​ -- ​ 1,192 ​ -- ​ 1,192 ​ -- ​ 1,192 Equity securities ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ 5 ​ -- ​ -- ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ​ 2,855 ​ -- ​ -- ​ 25,509 ​ 31,511 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities -- ​ -- ​ -- ​ 2,984 ​ 3,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade payables ​ -- ​ -- ​ -- ​ 2,170 ​ 2,170 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ -- ​ -- ​ -- ​ 814 ​ 1,234 ​ -- ​ -- ​ 964 ​ 964 Long-term debt ​ -- ​ -- ​ -- ​ 814 ​ 814 ​ -- ​ -- ​ 964 ​ 964 Lease liability ​ -- ​ -- ​ -- ​ -- ​ 420 ​ -- ​ -- ​ -- ​ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current liabilities ​ 2,855 ​ -- ​ -- ​ 22,525 ​ 28,107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ 2,855 ​ -- ​ -- ​ 22,525 ​ 28,107 ​ -- ​ 2,855 ​ 28,637 ​ 31,492 Derivative financial instruments ​ 2,855 ​ -- ​ -- ​ -- ​ 2,855 ​ -- ​ 2,855 ​ -- ​ 2,855 Long-term debt ​ -- ​ -- ​ -- ​ 22,525 ​ 22,525 ​ -- ​ -- ​ 28,637 ​ 28,637 Lease liability ​ -- ​ -- ​ -- ​ -- ​ 2,727 ​ -- ​ -- ​ -- ​ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount ​ Fair Value (€ in thousands) ​ ​ ​ ​ ​ Assets at ​ Liabilities ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FVTPL ​ FVOCI ​ amortized ​ at amortized ​ carrying ​ ​ ​ ​ ​ ​ ​ ​ 12/31/2020 ​ ​ cost cost amount Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ 5,351 ​ 5 ​ 10,004 ​ -- ​ 15,360 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets ​ 5,351 ​ -- ​ 10,004 ​ -- ​ 15,355 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ -- -- ​ 5,324 -- 5,324 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ 5,351 ​ -- ​ -- ​ -- ​ 5,351 ​ 2,984 ​ 2,367 ​ -- ​ 5,351 Bond funds ​ 984 -- ​ -- -- 984 ​ 984 ​ -- ​ -- ​ 984 Bond funds (restricted) ​ 2,000 ​ -- ​ -- -- ​ 2,000 ​ 2,000 ​ -- ​ -- ​ 2,000 Derivative financial instruments ​ 2,367 -- ​ -- -- 2,367 ​ -- ​ 2,367 ​ -- ​ 2,367 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade receivables, net ​ -- ​ -- ​ 4,680 ​ -- ​ 4,680 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current assets ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ 5 Equity securities ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ​ 808 ​ -- ​ -- ​ 25,108 ​ 29,040 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities ​ 808 ​ -- ​ -- ​ 20,606 ​ 21,726 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade payables ​ -- ​ -- ​ -- ​ 1,956 ​ 1,956 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ 808 ​ -- ​ -- ​ 18,650 ​ 19,770 ​ -- ​ 808 ​ 24,858 ​ 25,666 Derivative financial instruments ​ 808 ​ -- ​ -- ​ -- ​ 808 ​ -- ​ 808 ​ -- ​ 808 Long-term debt ​ -- ​ -- ​ -- ​ 18,650 ​ 18,650 ​ -- ​ -- ​ 24,858 ​ 24,858 Lease liability ​ -- ​ -- ​ -- ​ -- ​ 312 ​ -- ​ -- ​ -- ​ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current liabilities ​ -- ​ -- ​ -- ​ 4,502 ​ 7,314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ -- ​ -- ​ -- ​ 4,502 ​ 7,314 ​ -- ​ -- ​ 4,203 ​ 4,203 Long-term debt ​ -- ​ -- ​ -- ​ 4,502 ​ 4,502 ​ -- ​ -- ​ 4,203 ​ 4,203 Lease liability ​ -- ​ -- ​ -- ​ -- ​ 2,812 ​ -- ​ -- ​ -- ​ n/a ​ The valuation techniques used to value financial instruments include the use of quoted market prices or dealer quotes for similar instruments as well as discounted cash flow analysis. ​ The fair value of the Company’s investments in the bond funds was determined based on the quoted unit prices received by the fund management company. ​ The fair value of the derivative financial instruments that are not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. The fair values have been determined based on share prices and the relevant discount rates. ​ The fair value of long-term debt was determined using discounted cash flow models based on the relevant forward interest rate yield curves, considering the credit risk of voxeljet. ​ Due to their short maturity and the current low level of interest rates, the carrying amounts of cash and cash equivalents, restricted cash, trade receivables, trade payables, term deposit, credit lines and bank overdrafts approximate their fair values. ​ The Group’s policy is to recognize transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period. ​ In June 30, 2021, there were no transfers of financial instruments measured at fair value between level 1 and level 2. ​ The following table presents the changes in level 3 instruments for the six months ended June 30, 2021: ​ ​ ​ ​ ​ ​ Non-current assets (€ in thousands) Equity securities Balance at December 31, 2020 ​ 5 Transfer from level 3 ​ (5) Income (expense) recognised in other comprehensive income ​ -- Balance at June 30, 2021 ​ -- ​ The investment in equity securities was listed on a stock exchange. As it is now possible to determine the fair value of this investment using quoted prices or observable market data, it has been reclassified from level 3 into level 1.

Financial result

Financial result	6 Months Ended
	Jun. 30, 2021
Financial result
Financial result	8. Financial result ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ 2021 2020 ​ ​ (€ in thousands) Interest expense ​ (596) ​ (1,316) Interest expense on lease liability ​ (37) ​ (43) Interest expense from long-term debt valuation ​ (537) ​ (290) Expense from revaluation of derivative financial instruments ​ -- ​ (983) Fair value valuation of financial assets ​ (22) ​ -- Interest income ​ 1,974 ​ 144 Payout of bond funds ​ 6 ​ 12 Income from revaluation of derivative financial instruments ​ 1,966 ​ -- Fair value valuation of financial assets ​ -- ​ 124 Other ​ 2 ​ 8 Financial result ​ 1,378 ​ (1,172) ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ 2021 2020 ​ ​ (€ in thousands) Interest expense ​ (4,427) ​ (822) Interest expense on lease liability ​ (73) ​ (91) Interest expense from long-term debt valuation ​ (1,061) ​ (609) Expense from revaluation of derivative financial instruments ​ (3,222) ​ -- Fair value valuation of financial assets ​ (66) ​ (120) Other ​ (5) ​ (2) Interest income ​ 107 ​ 631 Payout of bond funds ​ 37 ​ 45 Income from revaluation of derivative financial instruments ​ -- ​ 574 Other ​ 70 ​ 12 Financial result ​ (4,320) ​ (191) ​ ​

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 2021
Segment reporting
Segment reporting	9. 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 June 30, ​ ​ 2021 2020 ​ ​ (€ in thousands) ​ ​ ​ ​ ​ ​ CONSO ​ ​ ​ ​ ​ ​ ​ CONSO ​ ​ ​ ​ SYSTEMS SERVICES LIDATION GROUP SYSTEMS SERVICES LIDATION GROUP ​ Revenues 3,395 ​ 2,269 ​ (721) ​ 4,943 ​ 1,963 ​ 2,045 ​ (92) ​ 3,916 ​ Third party ​ 2,674 ​ 2,269 ​ -- ​ 4,943 ​ 1,871 ​ 2,045 ​ -- ​ 3,916 ​ Intra-segment ​ 721 ​ - ​ (721) ​ — ​ 92 ​ -- ​ (92) ​ — ​ Cost of sales ​ 1,918 ​ 1,613 ​ ​ ​ 3,531 ​ 1,252 ​ 1,649 ​ ​ ​ 2,901 ​ Gross profit 756 ​ 656 ​ ​ ​ 1,412 ​ 619 ​ 396 ​ ​ ​ 1,015 ​ Gross profit in % 28.3 % 28.9 % ​ ​ 28.6 % 33.1 % 19.4 % ​ ​ 25.9 % Operating Expenses ​ ​ ​ ​ ​ ​ ​ (5,122) ​ ​ ​ ​ ​ ​ ​ (4,766) ​ Other operating expenses ​ ​ ​ ​ ​ ​ ​ (284) ​ ​ ​ ​ ​ ​ ​ (709) ​ Other operating income ​ ​ ​ ​ ​ ​ ​ 112 ​ ​ ​ ​ ​ ​ ​ 503 ​ Operating loss ​ ​ ​ ​ ​ ​ ​ (3,882) ​ ​ ​ ​ ​ ​ ​ (3,957) ​ Finance expense ​ ​ ​ ​ ​ ​ ​ (596) ​ ​ ​ ​ ​ ​ ​ (1,316) ​ Finance income ​ ​ ​ ​ ​ ​ ​ 1,974 ​ ​ ​ ​ ​ ​ ​ 144 ​ Financial result ​ ​ ​ ​ ​ ​ ​ 1,378 ​ ​ ​ ​ ​ ​ ​ (1,172) ​ Loss before income taxes ​ ​ ​ ​ ​ ​ ​ (2,504) ​ ​ ​ ​ ​ ​ ​ (5,129) ​ Income tax income (expense) ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ 6 ​ Net loss ​ ​ ​ ​ ​ ​ ​ (2,504) ​ ​ ​ ​ ​ ​ ​ (5,123) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ ​ 2021 2020 ​ ​ (€ in thousands) ​ ​ ​ ​ ​ ​ CONSO ​ ​ ​ ​ ​ ​ ​ CONSO ​ ​ ​ ​ SYSTEMS SERVICES LIDATION GROUP SYSTEMS SERVICES LIDATION GROUP Revenues 6,374 ​ 4,242 ​ (1,613) ​ 9,003 ​ 3,601 ​ 4,624 ​ (425) ​ 7,800 ​ Third party ​ 4,761 ​ 4,242 ​ -- ​ 9,003 ​ 3,176 ​ 4,624 ​ -- ​ 7,800 ​ Intra-segment ​ 1,613 ​ -- ​ (1,613) ​ — ​ 425 ​ -- ​ (425) ​ — ​ Cost of sales ​ 3,424 ​ 3,128 ​ ​ ​ 6,552 ​ 2,196 ​ 3,434 ​ ​ ​ 5,630 ​ Gross profit 1,337 ​ 1,114 ​ ​ ​ 2,451 ​ 980 ​ 1,190 ​ ​ ​ 2,170 ​ Gross profit in % 28.1 % 26.3 % ​ ​ 27.2 % 30.9 % 25.7 % ​ ​ 27.8 % Operating Expenses ​ ​ ​ ​ ​ ​ ​ (9,657) ​ ​ ​ ​ ​ ​ ​ (9,313) ​ Other operating expenses ​ ​ ​ ​ ​ ​ ​ (385) ​ ​ ​ ​ ​ ​ ​ (1,368) ​ Other operating income ​ ​ ​ ​ ​ ​ ​ 1,026 ​ ​ ​ ​ ​ ​ ​ 1,035 ​ Operating loss ​ ​ ​ ​ ​ ​ ​ (6,565) ​ ​ ​ ​ ​ ​ ​ (7,476) ​ Finance expense ​ ​ ​ ​ ​ ​ ​ (4,427) ​ ​ ​ ​ ​ ​ ​ (822) ​ Finance income ​ ​ ​ ​ ​ ​ ​ 107 ​ ​ ​ ​ ​ ​ ​ 631 ​ Financial result ​ ​ ​ ​ ​ ​ ​ (4,320) ​ ​ ​ ​ ​ ​ ​ (191) ​ Loss before income taxes ​ ​ ​ ​ ​ ​ ​ (10,885) ​ ​ ​ ​ ​ ​ ​ (7,667) ​ Income tax income (expense) ​ ​ ​ ​ ​ ​ ​ 52 ​ ​ ​ ​ ​ ​ ​ (57) ​ Net loss ​ ​ ​ ​ ​ ​ ​ (10,833) ​ ​ ​ ​ ​ ​ ​ (7,724) ​ ​

Revenues

Revenues	6 Months Ended
	Jun. 30, 2021
Revenues
Revenues	10. Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ ​ SYSTEMS ​ SERVICES ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ ​ (€ in thousands) Primary geographical markets ​ ​ ​ ​ ​ ​ ​ ​ EMEA ​ 1,279 ​ 1,479 ​ 1,305 ​ 1,169 Asia Pacific ​ 211 ​ 199 ​ 303 ​ 251 Americas ​ 1,184 ​ 193 ​ 661 ​ 625 ​ ​ 2,674 ​ 1,871 ​ 2,269 ​ 2,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ Timing of revenue recognition ​ ​ ​ ​ ​ ​ ​ ​ Products transferred at a point in time ​ 2,336 ​ 1,660 ​ 2,269 ​ 2,045 Products and services transferred over time ​ 338 ​ 211 ​ -- ​ -- Revenue from contracts with customers ​ 2,674 ​ 1,871 ​ 2,269 ​ 2,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ ​ SYSTEMS ​ SERVICES ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ ​ (€ in thousands) Primary geographical markets ​ ​ ​ ​ ​ ​ ​ ​ EMEA ​ 2,703 ​ 2,265 ​ 2,687 ​ 2,826 Asia Pacific ​ 605 ​ 395 ​ 444 ​ 460 Americas ​ 1,453 ​ 516 ​ 1,111 ​ 1,338 ​ ​ 4,761 ​ 3,176 ​ 4,242 ​ 4,624 ​ ​ ​ ​ ​ ​ ​ ​ ​ Timing of revenue recognition ​ ​ ​ ​ ​ ​ ​ ​ Products transferred at a point in time ​ 4,152 ​ 2,682 ​ 4,242 ​ 4,624 Products and services transferred over time ​ 609 ​ 494 ​ -- ​ -- Revenue from contracts with customers ​ 4,761 ​ 3,176 ​ 4,242 ​ 4,624 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, 2021 ​ 2020 ​ 2021 2020 ​ ​ (€ in thousands) EMEA 2,584 ​ 2,648 ​ 5,390 5,091 Germany 790 1,719 ​ 1,637 2,810 France 837 233 ​ 975 497 Great Britain ​ 355 ​ 231 ​ 730 ​ 559 Finland ​ 7 ​ 2 ​ 665 ​ 5 Others 595 463 ​ 1,383 1,220 Asia Pacific 514 ​ 450 ​ 1,049 855 China ​ 286 ​ 263 ​ 519 ​ 498 Others ​ 228 ​ 187 ​ 530 ​ 357 Americas 1,845 ​ 818 ​ 2,564 1,854 United States 1,767 814 ​ 2,479 1,739 Others ​ 78 ​ 4 ​ 85 ​ 115 Total 4,943 ​ 3,916 ​ 9,003 7,800 ​

Commitments, contingent assets

Commitments, contingent assets and liabilities	6 Months Ended
	Jun. 30, 2021
Commitments, contingent assets and liabilities
Commitments, contingent assets and liabilities	11. Commitments, contingent assets and liabilities ​ In March 2018, ExOne GmbH, a subsidiary of ExOne, 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. ​ In connection with the enforcement of voxeljet’s intellectual property rights, the acquisition of third-party intellectual property rights, or disputes related to the validity or alleged infringement of the Company’s or a third-party’s intellectual property rights, including patent rights, voxeljet has been and may in the future be subject or party to claims, negotiations or complex, protracted litigation. ​

Related party transactions

Related party transactions	6 Months Ended
	Jun. 30, 2021
Related party transactions
Related party transactions	12. Related party transactions ​ ​ ​ ​ ​ ​ Name ​ Nature of relationship ​ Duration of relationship Franz Industriebeteiligungen AG, Augsburg ​ Lessor ​ 10/01/2003-Current Schlosserei und Metallbau Ederer, Dießen ​ Supplier ​ 05/01/1999-Current Andreas Schmid Logistik AG ​ Supplier ​ 05/01/2017-12/31/2020 Suzhou Meimai Fast Manufacturing Technology Co., Ltd ​ Minority shareholder of voxeljet China, Customer ​ 04/11/2016-Current DSCS Digital Supply Chain Solutions GmbH ​ Customer ​ 05/11/2017-Current Michele Neuber ​ Employee ​ 07/01/2019 - Current Susanne Ederer-Pausewang ​ Customer ​ 03/17/2021-Current ​ Transactions with Franz Industriebeteiligungen AG comprise the rental of office space in Augsburg, Germany. Rental expenses amounted to kEUR 2 and kEUR 1 in the six months ended June 2021 and June 2020, respectively. Further, voxeljet acquired goods amounting to kEUR 0 and kEUR 0 in the six months ended June 2021 and June 2020, respectivel,y from ‘Schlosserei und Metallbau Ederer’, which is owned by the brother of Dr. Ingo Ederer, the Chief Executive Officer of voxeljet. In addition, voxeljet received logistics services amounting to kEUR 0 and kEUR 18 in the six months ended June 2021 and June 2020, respectively, from ‘Andreas Schmid Logistik’, where the former member of voxeljet’s supervisory board Dr. Stefan Söhn served as Chief Financial Officer until December 2020. Dr. Stefan Söhn resigned from his office as member of the supervisory board of the Company for professional reasons with effect from the end of the General Meeting on May 26, 2021. Moreover, voxeljet received orders amounting to kEUR 37 and kEUR 15 in the six months ended June 2021 and June 2020, respectively, from ‘Suzhou Meimai Fast Manufacturing Technology Co., Ltd, which is a minority shareholder for voxeljet China. Further, voxeljet received orders amounting to kEUR 0 and kEUR 0 in the in the six months ended June 2021 and June 2020, respectively, from ‘DSCS Digital Supply Chain Solutions GmbH’, which is an associated company where the Company owns 33.3%. ​ In addition, voxeljet employs Michele Neuber as an intern, the son of Volker Neuber, who has been a member of voxeljet’s supervisory board since July 2020. He received a salary of kEUR 1 and kEUR 1 in the first quarter of 2021 and 2020, respectively. ​ Moreover, voxeljet sold a used car in the first quarter of 2021 to Susanne Ederer-Pausewang amounting to kEUR 27, who is the wife of Dr. Ingo Ederer, the Chief Executive Officer of voxeljet. ​ All related party transactions, voxeljet entered into, were made on an arm’s length basis.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2021
Subsequent events
Subsequent events	13. Subsequent events ​ Capital Increase ​ On July 23, 2021, the Company announced that it has completed its registered direct offering and sale of 1,126,127 ordinary shares in the form of ADSs at a purchase price of EUR 7.52 per share (this equals $8.88 per ordinary share based on the exchange rate as of the close of business in New York on July 14, 2021). The gross proceeds of the offering amounted to USD 10 million (approx. EUR 8.5 million). The Company intends to use the net proceeds of the offering for general corporate purposes. A.G.P./Alliance Global Partners acted as sole placement agent for the offering.

Share based payment arrangeme_2

Share based payment arrangements (Tables)	6 Months Ended
	Jun. 30, 2021
Share based payment arrangements
Schedule of fair value inputs	​ ​ ​ ​ ​ ​ ​ ​ 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)	6 Months Ended
	Jun. 30, 2021
Inventories
Inventories by category	​ ​ ​ ​ ​ ​ ​ ​ 6/30/2021 12/31/2020 ​ ​ (€ in thousands) ​ Raw materials and merchandise 3,501 3,733 ​ Work in progress 7,491 7,661 ​ Total 10,992 11,394 ​

Property, plant and equipment_2

Property, plant and equipment, net (Tables)	6 Months Ended
	Jun. 30, 2021
Property, plant and equipment, net
Schedule of property, plant and equipment	​ ​ ​ ​ ​ ​ ​ 6/30/2021 12/31/2020 ​ ​ (€ in thousands) Land, buildings and leasehold improvements 18,353 18,698 Plant and machinery ​ 4,519 3,982 Other facilities, factory and office equipment 902 1,039 Assets under construction and prepayments made 57 55 Total 23,831 23,774 Thereof pledged assets of Property, Plant and Equipment ​ 12,697 ​ 13,069

Other liabilities and provisi_2

Other liabilities and provisions (Tables)	6 Months Ended
	Jun. 30, 2021
Other liabilities and provisions
Summary of other liabilities and provisions	​ ​ ​ ​ ​ ​ ​ 6/30/2021 12/31/2020 ​ ​ (€ in thousands) Accruals for vacation and overtime 469 124 Liabilities from payroll 271 237 Accruals for commissions ​ 220 ​ 236 Employee bonus 219 334 Accrual for warranty ​ 185 ​ 228 Accruals for management compensation ​ 97 ​ -- Accruals for compensation of Supervisory board 90 180 Liabilities from VAT ​ 33 ​ 27 Accruals for licenses ​ 26 ​ 68 Accruals for education and training ​ 18 ​ 41 Others 174 108 Total 1,802 1,583

Financial instruments (Tables)

Financial instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Financial instruments
Summary of carrying amounts and fair values of financial assets and financial liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount ​ Fair Value (€ in thousands) ​ ​ ​ ​ ​ Assets at ​ Liabilities ​ Total ​ ​ ​ ​ ​ ​ ​ Total ​ ​ FVTPL ​ FVOCI ​ amortized ​ at amortized ​ carrying ​ ​ ​ ​ ​ ​ ​ fair 30.06.2021 ​ ​ cost cost amount Level 1 Level 2 Level 3 value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ 9,099 ​ 5 ​ 15,951 ​ -- ​ 25,055 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets ​ 7,907 ​ -- ​ 15,951 ​ -- ​ 23,858 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents -- -- ​ 5,849 -- 5,849 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ 7,907 ​ -- ​ 4,715 ​ -- ​ 12,622 ​ 7,907 ​ -- ​ -- ​ 7,907 Bond funds ​ 7,907 ​ -- ​ -- -- 7,907 ​ 7,907 ​ -- ​ -- ​ 7,907 Term deposit ​ -- ​ -- ​ 2,527 -- 2,527 ​ -- ​ -- ​ -- ​ -- Restricted cash ​ -- -- ​ 2,188 -- 2,188 ​ -- ​ -- ​ -- ​ -- ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade receivables, net ​ -- ​ -- ​ 5,387 ​ -- ​ 5,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current assets ​ 1,192 5 ​ -- ​ -- ​ 1,197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ 1,192 ​ 5 ​ -- ​ -- ​ 1,197 ​ 5 ​ 1,192 ​ -- ​ 1,197 Derivative financial instruments ​ 1,192 -- ​ -- ​ -- ​ 1,192 ​ -- ​ 1,192 ​ -- ​ 1,192 Equity securities ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ 5 ​ -- ​ -- ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ​ 2,855 ​ -- ​ -- ​ 25,509 ​ 31,511 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities -- ​ -- ​ -- ​ 2,984 ​ 3,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade payables ​ -- ​ -- ​ -- ​ 2,170 ​ 2,170 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ -- ​ -- ​ -- ​ 814 ​ 1,234 ​ -- ​ -- ​ 964 ​ 964 Long-term debt ​ -- ​ -- ​ -- ​ 814 ​ 814 ​ -- ​ -- ​ 964 ​ 964 Lease liability ​ -- ​ -- ​ -- ​ -- ​ 420 ​ -- ​ -- ​ -- ​ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current liabilities ​ 2,855 ​ -- ​ -- ​ 22,525 ​ 28,107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ 2,855 ​ -- ​ -- ​ 22,525 ​ 28,107 ​ -- ​ 2,855 ​ 28,637 ​ 31,492 Derivative financial instruments ​ 2,855 ​ -- ​ -- ​ -- ​ 2,855 ​ -- ​ 2,855 ​ -- ​ 2,855 Long-term debt ​ -- ​ -- ​ -- ​ 22,525 ​ 22,525 ​ -- ​ -- ​ 28,637 ​ 28,637 Lease liability ​ -- ​ -- ​ -- ​ -- ​ 2,727 ​ -- ​ -- ​ -- ​ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount ​ Fair Value (€ in thousands) ​ ​ ​ ​ ​ Assets at ​ Liabilities ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FVTPL ​ FVOCI ​ amortized ​ at amortized ​ carrying ​ ​ ​ ​ ​ ​ ​ ​ 12/31/2020 ​ ​ cost cost amount Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ 5,351 ​ 5 ​ 10,004 ​ -- ​ 15,360 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets ​ 5,351 ​ -- ​ 10,004 ​ -- ​ 15,355 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ -- -- ​ 5,324 -- 5,324 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ 5,351 ​ -- ​ -- ​ -- ​ 5,351 ​ 2,984 ​ 2,367 ​ -- ​ 5,351 Bond funds ​ 984 -- ​ -- -- 984 ​ 984 ​ -- ​ -- ​ 984 Bond funds (restricted) ​ 2,000 ​ -- ​ -- -- ​ 2,000 ​ 2,000 ​ -- ​ -- ​ 2,000 Derivative financial instruments ​ 2,367 -- ​ -- -- 2,367 ​ -- ​ 2,367 ​ -- ​ 2,367 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade receivables, net ​ -- ​ -- ​ 4,680 ​ -- ​ 4,680 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current assets ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ 5 Equity securities ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ -- ​ -- ​ 5 ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ​ 808 ​ -- ​ -- ​ 25,108 ​ 29,040 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities ​ 808 ​ -- ​ -- ​ 20,606 ​ 21,726 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade payables ​ -- ​ -- ​ -- ​ 1,956 ​ 1,956 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ 808 ​ -- ​ -- ​ 18,650 ​ 19,770 ​ -- ​ 808 ​ 24,858 ​ 25,666 Derivative financial instruments ​ 808 ​ -- ​ -- ​ -- ​ 808 ​ -- ​ 808 ​ -- ​ 808 Long-term debt ​ -- ​ -- ​ -- ​ 18,650 ​ 18,650 ​ -- ​ -- ​ 24,858 ​ 24,858 Lease liability ​ -- ​ -- ​ -- ​ -- ​ 312 ​ -- ​ -- ​ -- ​ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current liabilities ​ -- ​ -- ​ -- ​ 4,502 ​ 7,314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ -- ​ -- ​ -- ​ 4,502 ​ 7,314 ​ -- ​ -- ​ 4,203 ​ 4,203 Long-term debt ​ -- ​ -- ​ -- ​ 4,502 ​ 4,502 ​ -- ​ -- ​ 4,203 ​ 4,203 Lease liability ​ -- ​ -- ​ -- ​ -- ​ 2,812 ​ -- ​ -- ​ -- ​ n/a
Tabular disclosure of Reconciliation of changes in fair value measurement assets.	​ ​ ​ ​ ​ ​ Non-current assets (€ in thousands) Equity securities Balance at December 31, 2020 ​ 5 Transfer from level 3 ​ (5) Income (expense) recognised in other comprehensive income ​ -- Balance at June 30, 2021 ​ --

Financial result (Tables)

Financial result (Tables)	6 Months Ended
	Jun. 30, 2021
Financial result
Schedule of financial result	​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ 2021 2020 ​ ​ (€ in thousands) Interest expense ​ (596) ​ (1,316) Interest expense on lease liability ​ (37) ​ (43) Interest expense from long-term debt valuation ​ (537) ​ (290) Expense from revaluation of derivative financial instruments ​ -- ​ (983) Fair value valuation of financial assets ​ (22) ​ -- Interest income ​ 1,974 ​ 144 Payout of bond funds ​ 6 ​ 12 Income from revaluation of derivative financial instruments ​ 1,966 ​ -- Fair value valuation of financial assets ​ -- ​ 124 Other ​ 2 ​ 8 Financial result ​ 1,378 ​ (1,172) ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ 2021 2020 ​ ​ (€ in thousands) Interest expense ​ (4,427) ​ (822) Interest expense on lease liability ​ (73) ​ (91) Interest expense from long-term debt valuation ​ (1,061) ​ (609) Expense from revaluation of derivative financial instruments ​ (3,222) ​ -- Fair value valuation of financial assets ​ (66) ​ (120) Other ​ (5) ​ (2) Interest income ​ 107 ​ 631 Payout of bond funds ​ 37 ​ 45 Income from revaluation of derivative financial instruments ​ -- ​ 574 Other ​ 70 ​ 12 Financial result ​ (4,320) ​ (191)

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2021
Segment reporting
Schedule of segment reporting	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ ​ 2021 2020 ​ ​ (€ in thousands) ​ ​ ​ ​ ​ ​ CONSO ​ ​ ​ ​ ​ ​ ​ CONSO ​ ​ ​ ​ SYSTEMS SERVICES LIDATION GROUP SYSTEMS SERVICES LIDATION GROUP ​ Revenues 3,395 ​ 2,269 ​ (721) ​ 4,943 ​ 1,963 ​ 2,045 ​ (92) ​ 3,916 ​ Third party ​ 2,674 ​ 2,269 ​ -- ​ 4,943 ​ 1,871 ​ 2,045 ​ -- ​ 3,916 ​ Intra-segment ​ 721 ​ - ​ (721) ​ — ​ 92 ​ -- ​ (92) ​ — ​ Cost of sales ​ 1,918 ​ 1,613 ​ ​ ​ 3,531 ​ 1,252 ​ 1,649 ​ ​ ​ 2,901 ​ Gross profit 756 ​ 656 ​ ​ ​ 1,412 ​ 619 ​ 396 ​ ​ ​ 1,015 ​ Gross profit in % 28.3 % 28.9 % ​ ​ 28.6 % 33.1 % 19.4 % ​ ​ 25.9 % Operating Expenses ​ ​ ​ ​ ​ ​ ​ (5,122) ​ ​ ​ ​ ​ ​ ​ (4,766) ​ Other operating expenses ​ ​ ​ ​ ​ ​ ​ (284) ​ ​ ​ ​ ​ ​ ​ (709) ​ Other operating income ​ ​ ​ ​ ​ ​ ​ 112 ​ ​ ​ ​ ​ ​ ​ 503 ​ Operating loss ​ ​ ​ ​ ​ ​ ​ (3,882) ​ ​ ​ ​ ​ ​ ​ (3,957) ​ Finance expense ​ ​ ​ ​ ​ ​ ​ (596) ​ ​ ​ ​ ​ ​ ​ (1,316) ​ Finance income ​ ​ ​ ​ ​ ​ ​ 1,974 ​ ​ ​ ​ ​ ​ ​ 144 ​ Financial result ​ ​ ​ ​ ​ ​ ​ 1,378 ​ ​ ​ ​ ​ ​ ​ (1,172) ​ Loss before income taxes ​ ​ ​ ​ ​ ​ ​ (2,504) ​ ​ ​ ​ ​ ​ ​ (5,129) ​ Income tax income (expense) ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ 6 ​ Net loss ​ ​ ​ ​ ​ ​ ​ (2,504) ​ ​ ​ ​ ​ ​ ​ (5,123) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ ​ 2021 2020 ​ ​ (€ in thousands) ​ ​ ​ ​ ​ ​ CONSO ​ ​ ​ ​ ​ ​ ​ CONSO ​ ​ ​ ​ SYSTEMS SERVICES LIDATION GROUP SYSTEMS SERVICES LIDATION GROUP Revenues 6,374 ​ 4,242 ​ (1,613) ​ 9,003 ​ 3,601 ​ 4,624 ​ (425) ​ 7,800 ​ Third party ​ 4,761 ​ 4,242 ​ -- ​ 9,003 ​ 3,176 ​ 4,624 ​ -- ​ 7,800 ​ Intra-segment ​ 1,613 ​ -- ​ (1,613) ​ — ​ 425 ​ -- ​ (425) ​ — ​ Cost of sales ​ 3,424 ​ 3,128 ​ ​ ​ 6,552 ​ 2,196 ​ 3,434 ​ ​ ​ 5,630 ​ Gross profit 1,337 ​ 1,114 ​ ​ ​ 2,451 ​ 980 ​ 1,190 ​ ​ ​ 2,170 ​ Gross profit in % 28.1 % 26.3 % ​ ​ 27.2 % 30.9 % 25.7 % ​ ​ 27.8 % Operating Expenses ​ ​ ​ ​ ​ ​ ​ (9,657) ​ ​ ​ ​ ​ ​ ​ (9,313) ​ Other operating expenses ​ ​ ​ ​ ​ ​ ​ (385) ​ ​ ​ ​ ​ ​ ​ (1,368) ​ Other operating income ​ ​ ​ ​ ​ ​ ​ 1,026 ​ ​ ​ ​ ​ ​ ​ 1,035 ​ Operating loss ​ ​ ​ ​ ​ ​ ​ (6,565) ​ ​ ​ ​ ​ ​ ​ (7,476) ​ Finance expense ​ ​ ​ ​ ​ ​ ​ (4,427) ​ ​ ​ ​ ​ ​ ​ (822) ​ Finance income ​ ​ ​ ​ ​ ​ ​ 107 ​ ​ ​ ​ ​ ​ ​ 631 ​ Financial result ​ ​ ​ ​ ​ ​ ​ (4,320) ​ ​ ​ ​ ​ ​ ​ (191) ​ Loss before income taxes ​ ​ ​ ​ ​ ​ ​ (10,885) ​ ​ ​ ​ ​ ​ ​ (7,667) ​ Income tax income (expense) ​ ​ ​ ​ ​ ​ ​ 52 ​ ​ ​ ​ ​ ​ ​ (57) ​ Net loss ​ ​ ​ ​ ​ ​ ​ (10,833) ​ ​ ​ ​ ​ ​ ​ (7,724) ​

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2021
Revenues
Disclosure of information about revenue recognition	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ ​ SYSTEMS ​ SERVICES ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ ​ (€ in thousands) Primary geographical markets ​ ​ ​ ​ ​ ​ ​ ​ EMEA ​ 1,279 ​ 1,479 ​ 1,305 ​ 1,169 Asia Pacific ​ 211 ​ 199 ​ 303 ​ 251 Americas ​ 1,184 ​ 193 ​ 661 ​ 625 ​ ​ 2,674 ​ 1,871 ​ 2,269 ​ 2,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ Timing of revenue recognition ​ ​ ​ ​ ​ ​ ​ ​ Products transferred at a point in time ​ 2,336 ​ 1,660 ​ 2,269 ​ 2,045 Products and services transferred over time ​ 338 ​ 211 ​ -- ​ -- Revenue from contracts with customers ​ 2,674 ​ 1,871 ​ 2,269 ​ 2,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ ​ SYSTEMS ​ SERVICES ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ ​ (€ in thousands) Primary geographical markets ​ ​ ​ ​ ​ ​ ​ ​ EMEA ​ 2,703 ​ 2,265 ​ 2,687 ​ 2,826 Asia Pacific ​ 605 ​ 395 ​ 444 ​ 460 Americas ​ 1,453 ​ 516 ​ 1,111 ​ 1,338 ​ ​ 4,761 ​ 3,176 ​ 4,242 ​ 4,624 ​ ​ ​ ​ ​ ​ ​ ​ ​ Timing of revenue recognition ​ ​ ​ ​ ​ ​ ​ ​ Products transferred at a point in time ​ 4,152 ​ 2,682 ​ 4,242 ​ 4,624 Products and services transferred over time ​ 609 ​ 494 ​ -- ​ -- Revenue from contracts with customers ​ 4,761 ​ 3,176 ​ 4,242 ​ 4,624
Schedule of revenues by geographic region	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, 2021 ​ 2020 ​ 2021 2020 ​ ​ (€ in thousands) EMEA 2,584 ​ 2,648 ​ 5,390 5,091 Germany 790 1,719 ​ 1,637 2,810 France 837 233 ​ 975 497 Great Britain ​ 355 ​ 231 ​ 730 ​ 559 Finland ​ 7 ​ 2 ​ 665 ​ 5 Others 595 463 ​ 1,383 1,220 Asia Pacific 514 ​ 450 ​ 1,049 855 China ​ 286 ​ 263 ​ 519 ​ 498 Others ​ 228 ​ 187 ​ 530 ​ 357 Americas 1,845 ​ 818 ​ 2,564 1,854 United States 1,767 814 ​ 2,479 1,739 Others ​ 78 ​ 4 ​ 85 ​ 115 Total 4,943 ​ 3,916 ​ 9,003 7,800

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Jun. 30, 2021
Related party transactions
Other Related Parties	​ ​ ​ ​ ​ ​ Name ​ Nature of relationship ​ Duration of relationship Franz Industriebeteiligungen AG, Augsburg ​ Lessor ​ 10/01/2003-Current Schlosserei und Metallbau Ederer, Dießen ​ Supplier ​ 05/01/1999-Current Andreas Schmid Logistik AG ​ Supplier ​ 05/01/2017-12/31/2020 Suzhou Meimai Fast Manufacturing Technology Co., Ltd ​ Minority shareholder of voxeljet China, Customer ​ 04/11/2016-Current DSCS Digital Supply Chain Solutions GmbH ​ Customer ​ 05/11/2017-Current Michele Neuber ​ Employee ​ 07/01/2019 - Current Susanne Ederer-Pausewang ​ Customer ​ 03/17/2021-Current

Preparation of financial stat_2

Preparation of financial statements (Details) € / shares in Units, $ / shares in Units, € in Thousands, $ in Millions	Jul. 23, 2021EUR (€)€ / sharesshares	Jul. 23, 2021USD ($)shares	Feb. 28, 2021EUR (€)€ / sharesshares	Feb. 28, 2021USD ($)shares	Jan. 31, 2021EUR (€)€ / sharesshares	Jan. 31, 2021USD ($)shares	Jun. 30, 2021EUR (€)	Jun. 30, 2020EUR (€)	Jun. 30, 2021EUR (€)	Jun. 30, 2020EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)	Dec. 31, 2018EUR (€)	Jul. 14, 2021€ / shares	Jul. 14, 2021$ / shares	Feb. 09, 2021$ / shares	Jan. 14, 2021$ / shares
Disclosure of detailed information about borrowings [line items]
Net loss							€ (2,504)	€ (5,123)	€ (10,833)	€ (7,724)	€ (15,481)	€ (13,978)	€ (8,747)
Negative cash flows from operating activities									(4,951)	€ (5,969)	€ (6,598)	€ (6,592)	€ (7,331)
Proceeds from issue of ordinary shares in the form of ADS									€ 18,153
ADS
Disclosure of detailed information about borrowings [line items]
Increase in shares issued (in shares) | shares			443,414	443,414	621,170	621,170
Purchase price | (per share)			€ 22.27		€ 13.33											$ 26.95	$ 16.16
Proceeds from issue of ordinary shares in the form of ADS			€ 9,900	$ 12	€ 8,300	$ 10
ADS | Share transaction
Disclosure of detailed information about borrowings [line items]
Increase in shares issued (in shares) | shares	1,126,127	1,126,127
Purchase price | (per share)	€ 7.52													€ 8.88	$ 8.88
Proceeds from issue of ordinary shares in the form of ADS	€ 8,500	$ 10

Share based payment arrangeme_3

Share based payment arrangements - Narrative (Details) € in Thousands	Apr. 12, 2018EquityInstruments	Apr. 07, 2017EquityInstrumentsshares	Jun. 30, 2021EUR (€)EquityInstruments	Jun. 30, 2020EUR (€)	Jun. 30, 2021EUR (€)EquityInstruments	Jun. 30, 2020EUR (€)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares authorized | shares		372,000
Options granted (in shares)	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%
Options exercisable (in shares)			265,050		265,050
Options outstanding			353,400		353,400
Weighted-average contractual life					6 years	7 years
Expenses recognized in profit and loss | €			€ 52	€ 167	€ 217	€ 334

Share based payment arrangeme_4

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

Inventories (Details)

Inventories (Details) - EUR (€) € in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventories
Raw materials and merchandise	€ 3,501	€ 3,733
Work in progress	7,491	7,661
Total	€ 10,992	€ 11,394

Property, plant and equipment_3

Property, plant and equipment, net (Details) - EUR (€) € in Thousands	Jun. 30, 2021	Dec. 31, 2020	Mar. 31, 2020
Property, plant and equipment
Property, plant and equipment, net	€ 23,831	€ 23,774
Thereof pledged assets of Property, Plant and Equipment	12,697	13,069
European Investment Bank
Property, plant and equipment
Thereof pledged assets of Property, Plant and Equipment			€ 10,000
Property | Leased assets
Property, plant and equipment
Property, plant and equipment, net	18,353	18,698
Machinery
Property, plant and equipment
Property, plant and equipment, net	4,519	3,982
Other PPE
Property, plant and equipment
Property, plant and equipment, net	902	1,039
Assets under construction and prepayments made
Property, plant and equipment
Property, plant and equipment, net	€ 57	€ 55

Other liabilities and provisi_3

Other liabilities and provisions (Details) - EUR (€) € in Thousands	Jun. 30, 2021	Dec. 31, 2020
Disclosure of other provisions [line items]
Accruals for vacation and overtime	€ 469	€ 124
Liabilities from payroll	271	237
Accruals for commissions	220	236
Employee bonus	219	334
Accrual for warranty	185	228
Accruals for management compensation	97
Accruals for compensation of supervisory board	90	180
Liabilities from VAT	33	27
Accruals for licenses	26	68
Accruals for education and training	18	41
Others	174	108
Total	€ 1,802	€ 1,583

Financial instruments (Details)

Financial instruments (Details) - EUR (€) € in Thousands	Jun. 30, 2021	Dec. 31, 2020
Level Three
Financial instruments
Financial assets, at fair value		€ 5
Total liabilities
Financial instruments
Financial liabilities	€ 31,511	29,040
Current liabilities
Financial instruments
Financial liabilities	3,404	21,726
Trade payables
Financial instruments
Financial liabilities	2,170	1,956
Financial liabilities
Financial instruments
Financial liabilities	1,234	19,770
Financial liabilities, at fair value	964	25,666
Financial liabilities | Level Two
Financial instruments
Financial liabilities, at fair value		808
Financial liabilities | Level Three
Financial instruments
Financial liabilities, at fair value	964	24,858
Derivative financial instruments
Financial instruments
Financial liabilities		808
Financial liabilities, at fair value		808
Derivative financial instruments | Level Two
Financial instruments
Financial liabilities, at fair value		808
Long term debt
Financial instruments
Financial liabilities	814	18,650
Financial liabilities, at fair value	964	24,858
Long term debt | Level Three
Financial instruments
Financial liabilities, at fair value	964	24,858
Lease liability
Financial instruments
Financial liabilities	420	312
Non-current liabilities
Financial instruments
Financial liabilities	28,107	7,314
Non-current financial liabilities
Financial instruments
Financial liabilities	28,107	7,314
Financial liabilities, at fair value	31,492	4,203
Non-current financial liabilities | Level Two
Financial instruments
Financial liabilities, at fair value	2,855
Non-current financial liabilities | Level Three
Financial instruments
Financial liabilities, at fair value	28,637	4,203
Non-current derivative financial instruments
Financial instruments
Financial liabilities	2,855
Financial liabilities, at fair value	2,855
Non-current derivative financial instruments | Level Two
Financial instruments
Financial liabilities, at fair value	2,855
Non-current long term debt
Financial instruments
Financial liabilities	22,525	4,502
Financial liabilities, at fair value	28,637	4,203
Non-current long term debt | Level Three
Financial instruments
Financial liabilities, at fair value	28,637	4,203
Non-current lease liability
Financial instruments
Financial liabilities	2,727	2,812
Financial liabilities measured at amortized cost | Total liabilities
Financial instruments
Financial liabilities	25,509	25,108
Financial liabilities measured at amortized cost | Current liabilities
Financial instruments
Financial liabilities	2,984	20,606
Financial liabilities measured at amortized cost | Trade payables
Financial instruments
Financial liabilities	2,170	1,956
Financial liabilities measured at amortized cost | Financial liabilities
Financial instruments
Financial liabilities	814	18,650
Financial liabilities measured at amortized cost | Long term debt
Financial instruments
Financial liabilities	814	18,650
Financial liabilities measured at amortized cost | Non-current liabilities
Financial instruments
Financial liabilities	22,525	4,502
Financial liabilities measured at amortized cost | Non-current financial liabilities
Financial instruments
Financial liabilities	22,525	4,502
Financial liabilities measured at amortized cost | Non-current long term debt
Financial instruments
Financial liabilities	22,525	4,502
Total assets
Financial instruments
Financial assets	25,055	15,360
Current assets
Financial instruments
Financial assets	23,858	15,355
Cash and cash equivalents
Financial instruments
Financial assets	5,849	5,324
Financial assets
Financial instruments
Financial assets	12,622	5,351
Financial assets, at fair value	7,907	5,351
Financial assets | Level One
Financial instruments
Financial assets, at fair value	7,907	2,984
Financial assets | Level Two
Financial instruments
Financial assets, at fair value		2,367
Bond funds
Financial instruments
Financial assets	7,907	984
Financial assets, at fair value	7,907	984
Bond funds | Level One
Financial instruments
Financial assets, at fair value	7,907	984
Bond funds (restricted)
Financial instruments
Financial assets		2,000
Financial assets, at fair value		2,000
Bond funds (restricted) | Level One
Financial instruments
Financial assets, at fair value		2,000
Term deposit
Financial instruments
Financial assets	2,527
Derivative financial instruments
Financial instruments
Financial assets		2,367
Financial assets, at fair value		2,367
Derivative financial instruments | Level Two
Financial instruments
Financial assets, at fair value		2,367
Restricted Cash
Financial instruments
Financial assets	2,188
Trade receivables, net
Financial instruments
Financial assets	5,387	4,680
Non-current assets
Financial instruments
Financial assets	1,197	5
Non-current financial assets
Financial instruments
Financial assets	1,197	5
Financial assets, at fair value	1,197	5
Non-current financial assets | Level One
Financial instruments
Financial assets, at fair value	5
Non-current financial assets | Level Two
Financial instruments
Financial assets, at fair value	1,192
Non-current financial assets | Level Three
Financial instruments
Financial assets, at fair value		5
Non-current derivative financial instruments
Financial instruments
Financial assets	1,192
Financial assets, at fair value	1,192
Non-current derivative financial instruments | Level Two
Financial instruments
Financial assets, at fair value	1,192
Non-current equity securities
Financial instruments
Financial assets	5	5
Financial assets, at fair value	5	5
Non-current equity securities | Level One
Financial instruments
Financial assets, at fair value	5
Non-current equity securities | Level Three
Financial instruments
Financial assets, at fair value		5
FVTPL | Total liabilities
Financial instruments
Financial assets	2,855	808
FVTPL | Current liabilities
Financial instruments
Financial assets		808
FVTPL | Financial liabilities
Financial instruments
Financial assets		808
FVTPL | Derivative financial instruments
Financial instruments
Financial assets		808
FVTPL | Non-current liabilities
Financial instruments
Financial assets	2,855
FVTPL | Non-current financial liabilities
Financial instruments
Financial assets	2,855
FVTPL | Non-current derivative financial instruments
Financial instruments
Financial assets	2,855
FVTPL | Total assets
Financial instruments
Financial assets	9,099	5,351
FVTPL | Current assets
Financial instruments
Financial assets	7,907	5,351
FVTPL | Financial assets
Financial instruments
Financial assets	7,907	5,351
FVTPL | Bond funds
Financial instruments
Financial assets	7,907	984
FVTPL | Bond funds (restricted)
Financial instruments
Financial assets		2,000
FVTPL | Derivative financial instruments
Financial instruments
Financial assets		2,367
FVTPL | Non-current assets
Financial instruments
Financial assets	1,192
FVTPL | Non-current financial assets
Financial instruments
Financial assets	1,192
FVTPL | Non-current derivative financial instruments
Financial instruments
Financial assets	1,192
FVOCI | Total assets
Financial instruments
Financial assets	5	5
FVOCI | Non-current assets
Financial instruments
Financial assets	5	5
FVOCI | Non-current financial assets
Financial instruments
Financial assets	5	5
FVOCI | Non-current equity securities
Financial instruments
Financial assets	5	5
Assets at amortized cost | Total assets
Financial instruments
Financial assets	15,951	10,004
Assets at amortized cost | Current assets
Financial instruments
Financial assets	15,951	10,004
Assets at amortized cost | Cash and cash equivalents
Financial instruments
Financial assets	5,849	5,324
Assets at amortized cost | Financial assets
Financial instruments
Financial assets	4,715
Assets at amortized cost | Term deposit
Financial instruments
Financial assets	2,527
Assets at amortized cost | Restricted Cash
Financial instruments
Financial assets	2,188
Assets at amortized cost | Trade receivables, net
Financial instruments
Financial assets	€ 5,387	€ 4,680

Financial instruments - Reconci

Financial instruments - Reconciliation (Details) - Level Three € in Thousands	6 Months Ended
	Jun. 30, 2021EUR (€)
Disclosure of detailed information about financial instruments [line items]
Beginning balance	€ 5
Transfer from level 3	€ (5)

Financial result (Details)

Financial result (Details) - EUR (€) € in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financial result
Interest expense	€ (596)	€ (1,316)	€ (4,427)	€ (822)
Interest expense on lease liability	(37)	(43)	(73)	(91)
Interest expense from long-term debt valuation	(537)	(290)	(1,061)	(609)
Expense from revaluation of derivative financial instruments		(983)	(3,222)
Fair value valuation of financial assets	(22)		(66)	(120)
Other			(5)	(2)
Interest income	1,974	144	107	631
Payout of bond funds	6	12	37	45
Income from revaluation of derivative financial instruments	1,966			574
Fair value valuation of financial assets		124
Other	2	8	70	12
Financial result	€ 1,378	€ (1,172)	€ (4,320)	€ (191)

Segment reporting (Details)

Segment reporting (Details) € in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021EUR (€)	Jun. 30, 2020EUR (€)	Jun. 30, 2021EUR (€)segment	Jun. 30, 2020EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)	Dec. 31, 2018EUR (€)
Segment reporting
Number of reportable segments | segment			2
Revenues	€ 4,943	€ 3,916	€ 9,003	€ 7,800
Cost of sales	(3,531)	(2,901)	(6,552)	(5,630)
Gross profit	€ 1,412	€ 1,015	€ 2,451	€ 2,170
Gross profit margin (as a percent)	28.60%	25.90%	27.20%	27.80%
Operating Expenses	€ (5,122)	€ (4,766)	€ (9,657)	€ (9,313)
Other operating expenses	(284)	(709)	(385)	(1,368)
Other operating income	112	503	1,026	1,035
Operating loss	(3,882)	(3,957)	(6,565)	(7,476)
Finance costs	(596)	(1,316)	(4,427)	(822)
Finance income	1,974	144	107	631
Financial result	1,378	(1,172)	(4,320)	(191)
Loss before income taxes	(2,504)	(5,129)	(10,885)	(7,667)
Income tax income (expense)		6	52	(57)
Net loss	(2,504)	(5,123)	(10,833)	(7,724)	€ (15,481)	€ (13,978)	€ (8,747)
Systems
Segment reporting
Revenues	2,674	1,871	4,761	3,176
Cost of sales	(1,918)	(1,252)	(3,424)	(2,196)
Gross profit	€ 756	€ 619	€ 1,337	€ 980
Gross profit margin (as a percent)	28.30%	33.10%	28.10%	30.90%
Services
Segment reporting
Revenues	€ 2,269	€ 2,045	€ 4,242	€ 4,624
Cost of sales	(1,613)	(1,649)	(3,128)	(3,434)
Gross profit	€ 656	€ 396	€ 1,114	€ 1,190
Gross profit margin (as a percent)	28.90%	19.40%	26.30%	25.70%
Operating segments | Systems
Segment reporting
Revenues	€ 3,395	€ 1,963	€ 6,374	€ 3,601
Operating segments | Services
Segment reporting
Revenues	2,269	2,045	4,242	4,624
Intra-segment
Segment reporting
Revenues	(721)	(92)	(1,613)	(425)
Intra-segment | Systems
Segment reporting
Revenues	€ 721	€ 92	€ 1,613	€ 425

Revenues - Disaggregation (Deta

Revenues - Disaggregation (Details) - EUR (€) € in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues
Revenue from contracts with customers	€ 4,943	€ 3,916	€ 9,003	€ 7,800
EMEA
Revenues
Revenue from contracts with customers	2,584	2,648	5,390	5,091
Asia Pacific
Revenues
Revenue from contracts with customers	514	450	1,049	855
Americas
Revenues
Revenue from contracts with customers	1,845	818	2,564	1,854
Systems
Revenues
Revenue from contracts with customers	2,674	1,871	4,761	3,176
Systems | Products transferred at a point in time
Revenues
Revenue from contracts with customers	2,336	1,660	4,152	2,682
Systems | Products and services transferred over time
Revenues
Revenue from contracts with customers	338	211	609	494
Systems | EMEA
Revenues
Revenue from contracts with customers	1,279	1,479	2,703	2,265
Systems | Asia Pacific
Revenues
Revenue from contracts with customers	211	199	605	395
Systems | Americas
Revenues
Revenue from contracts with customers	1,184	193	1,453	516
Services
Revenues
Revenue from contracts with customers	2,269	2,045	4,242	4,624
Services | Products transferred at a point in time
Revenues
Revenue from contracts with customers	2,269	2,045	4,242	4,624
Services | EMEA
Revenues
Revenue from contracts with customers	1,305	1,169	2,687	2,826
Services | Asia Pacific
Revenues
Revenue from contracts with customers	303	251	444	460
Services | Americas
Revenues
Revenue from contracts with customers	€ 661	€ 625	€ 1,111	€ 1,338

Revenues - Geographic (Details)

Revenues - Geographic (Details) - EUR (€) € in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure of geographical areas [line items]
Revenues	€ 4,943	€ 3,916	€ 9,003	€ 7,800
EMEA
Disclosure of geographical areas [line items]
Revenues	2,584	2,648	5,390	5,091
Germany
Disclosure of geographical areas [line items]
Revenues	790	1,719	1,637	2,810
France
Disclosure of geographical areas [line items]
Revenues	837	233	975	497
Great Britain
Disclosure of geographical areas [line items]
Revenues	355	231	730	559
Finland
Disclosure of geographical areas [line items]
Revenues	7	2	665	5
Others
Disclosure of geographical areas [line items]
Revenues	595	463	1,383	1,220
Asia Pacific
Disclosure of geographical areas [line items]
Revenues	514	450	1,049	855
China
Disclosure of geographical areas [line items]
Revenues	286	263	519	498
Others
Disclosure of geographical areas [line items]
Revenues	228	187	530	357
Americas
Disclosure of geographical areas [line items]
Revenues	1,845	818	2,564	1,854
United States
Disclosure of geographical areas [line items]
Revenues	1,767	814	2,479	1,739
Others
Disclosure of geographical areas [line items]
Revenues	€ 78	€ 4	€ 85	€ 115

Related party transactions - Ot

Related party transactions - Other (Details) - EUR (€) € in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Franz Industriebeteiligungen AG, Augsburg
Related parties
Rent expense			€ 2	€ 1
Schlosserei und Metallbau Ederer, Dieen
Related parties
Acquired goods from related parties			0	0
Andreas Schmid Logistik AG, Gersthofen
Related parties
Services received from related parties			0	18
Suzhou Meimai Fast Manufacturing Technology Co., Ltd, Suzhou
Related parties
Revenue from related parties			37	15
DSCS Digital Supply Chain Solutions GmbH, Gersthofen
Related parties
Revenue from related parties			€ 0	€ 0
Ownership interest in associate (as a percent)			33.30%
Susanne Ederer-Pausewang , Wife of Chief Executive Officer
Related parties
Sales of property and other assets from related parties	€ 27
Michele Neuber
Related parties
Services received from related parties	€ 1	€ 1

Subsequent events (Details)

Subsequent events (Details) € / shares in Units, $ / shares in Units, € in Thousands, $ in Millions	Jul. 23, 2021EUR (€)€ / sharesshares	Jul. 23, 2021USD ($)shares	Feb. 28, 2021EUR (€)€ / sharesshares	Feb. 28, 2021USD ($)shares	Jan. 31, 2021EUR (€)€ / sharesshares	Jan. 31, 2021USD ($)shares	Jun. 30, 2021EUR (€)	Jun. 30, 2020EUR (€)	Jul. 14, 2021€ / shares	Jul. 14, 2021$ / shares	Feb. 09, 2021$ / shares	Jan. 14, 2021$ / shares
Subsequent events
Proceeds from issue of ordinary shares in the form of ADS | €							€ 18,153
Proceeds from issuance of long-term debt | €								€ 5,000
ADS
Subsequent events
Increase in shares issued (in shares) | shares			443,414	443,414	621,170	621,170
Purchase price | (per share)			€ 22.27		€ 13.33						$ 26.95	$ 16.16
Proceeds from issue of ordinary shares in the form of ADS			€ 9,900	$ 12	€ 8,300	$ 10
Share transaction | ADS
Subsequent events
Increase in shares issued (in shares) | shares	1,126,127	1,126,127
Purchase price | (per share)	€ 7.52								€ 8.88	$ 8.88
Proceeds from issue of ordinary shares in the form of ADS	€ 8,500	$ 10