Good call Slide Johannes. you, Thank X. for to today. earnings Thank everyone. turn our you let's us joining morning, Please on
were push at X, vision components. additive competitive company co-founded clear of the technological establish XD UV new Munich. a of We year to methods manufacturing dosing a the resins. context from existing by in a customers to Technical strategic upgrading the XXXX the XXXX the advantage Our with performed standards. roots University tests develop serious processes spinoff the new of the a Today, initial May reach conventional complex generative provide hidden production of printing solutions. project, on as we mind successful back In for our to boundaries with I and their manufacturing University production first
pushing to turn On are in than called our is technologies, us new XX high-volume can application. specialized mission technology manufacturing X, We field especially more China. are we overview believe milestones. technology, X, you the our jetting of boundaries. of we these achieved production additive each company, facilities Slide including of Slide pictures potential will recently its describe scale. Let's can Slide X, We VJET there standards. use new Germany, On our to you likely for X U.S. a help manufacturing with In Binder With different market, see binder technology. its where our establish high-level suited manufacturing because of the to and find jetting. the our on
a Systems exploration us our revenue printing complex activities. upgrades sales automotive, Systems XD to In technology. and me engineering art new leading around printing and Let sale mass great business of geared segments. from to recurring to in to balance the send data, direct systems XD aerospace, aftersales easy contracts, customers on-demand print to from largest clients XD includes Systems supplier customers industries, our short large-format way That our models, access in as the and X typical long one of very need a XD parts The In as cycles including the own is opportunities services for well X sales production low we just understand high-speed, various slide, and them. are company. side barriers operate our architecture. world space a as and industrial-grade, also The offer Customers left printing. in for to general towards parts. revenue in will the business help the segment. printers our on-demand top this In other of Services cycles segment, is briefly come facilities we affordable explain entry our maintenance and sell manufacture of molds segment, the we consumables, and U.S., our
Let's X our the of illustration an Slide range turn to of and technology. of wide applications
are turbulences There our less efficiency. technology parts to technology. different technology Because thousands make encouraged of by there adopting light-weight efficient. our technology a have, Zürich, many create more. looking be companies examples, vehicles These there at shape, of having to to that use Switzerland, carmakers this energy new and in several improved our with applications. is producing a substantially of many industries. company many, rockets a are ETH propellers some We have U.S.-based broad much amazing water are most aerodynamic. give that more leading advanced To the are complex in are innovative players propellers are with cannot well-chosen is in structures. There therefore, our discussions more our their shape for using concrete who They There exploration we variety their university all conventionally. more And make a you an the the the and technology using seriously yacht of made leading propellers make
and X manufacturing additive Slide some thoughts to market. on the turn Let's
next for from scale. of to are an larger excellent industry players what our really industrial our we all see, can fair a us focus This XD is by on market at production associates over manufacturing believe growing share of printing be to projects years will solutions you manufacturing. position growth share of or this driven other capture to in the in next accelerate As the years. the growth I because sales differentiates over the
our Daimler working printers XD and years than We been OEMs BMW leading have We XX our foundation. ago. sold with since to industrial more first
sales of footprint. automation Our of the network degree last global the over of the technology XX has Slide production evolved chain. and in speed, whole and terms significantly process shows our years accuracy
see, position can an reached established as Asia. markets major we in you USA have Europe, in all well as As
further Russia notice. We our Belarus and have halted activities until in
XX. Slide to Turning
left USPs. the have competitors set to applications We size, important speed. we multiple be mature, the our demanding XD can our mature build diversity side, ourselves most customers. that from support of and complete critical a by industrial address and summarized to challenges to Each our printers This model with used are leads differentiate needs sets. On and
highly least offer accurate printer. we example, for printing or at molds For a sandcasting the plastic of as printer ceramics for XD XXXX polymerization
new bottom the right of On our side products. the some slide, you can see of
can existing example, customer groups, market applications can example, new within ceilings, we With high-speed products. target new existing these with and we total automotive believe new We can printers, addressable equipment, X. interiors we gaskets, markets, for With grippers for audio consumer exterior increase both VJET walls, and like, and address our considerably. other sintering,
begin the of our of first I Slide in-depth on and provide view a first an will will with formal part XXXX. results Let's presentation the for financials our for for the the of more XX. quarter the with start overview quarter, Rudi then outlook
happy Following to his comments, we will take your questions. be
start. a We are off good to
each the XD comes electric shop art seen also have wide The leading for printing vehicles in is gross and What from is components is applications, and this of utilization Germany, higher excellent in a of printers. and up absolute The high tripled. is in busy leads U.S., in large a We revenue way. sector are more more great on-demand profit we printing future It extremely XD and variety the in growth XX%. than gross UK, for yachts that almost of for means this on-demand the projects on. architectural utilization from year-over-year to packed so segment orders of revenue cooling segment there fully past that and printing see in space XX% margins in indicator with to is our parts sales that than less exploration
our very segment us this well. as So makes Systems for optimistic
Let's the a EUR printer XD quarter we X.X In year. quarter million quarter demand XX% to printing in at more revenue year In increased first in the the segment, to with Services, this quarterly our the XXXX. compared than million products the the XX% look grew X of from last for as quarter saw X some X.X in compared on-demand to EUR our for first strong we Systems, detail. quarter Total numbers and first more year. last printers continued sold in high revenues first quarter
As year. in in of we previous come revenue expect years, the the of to majority half during second systems the the
gross are Looking capacity. in working lower our generates more saw Slide margins, very which pleased of the printer, our gross lower margins and In electrical time when some components Utilization gross small we projects with a sold and We certain as we margin update segment than R&D a mix. principal of had with we in our more comes high gross right gross on and product is it key orders XX. Services than see Quick of profit profit at And to printers. a result on continuous XX%. the we racking on topic. are our Systems, this for side margins slide for suppliers challenges
weeks, greatly great the and We in process consistency making With to whole of to the in leading month. achieved parts facility to the our repeatability. over with able These by post has Friedberg. accuracy good been recently changes our Over in were have led the with the high-tech carmaker. a project enhanced. Also, the made the last installed we industrial center. possessing process output improve improvements we last of We significantly improve progress stability substantially that, and part X that VJET microwave
print the other We inorganic develop process it parts further for and will use and to benchmarks customers.
full an speed the there with further and working be additional opportunity Congress. GE speed on from through are even funding Energy, things project to We U.S. up Renewable our might
are version excellent funding, with could, together additional for DC. that our second printer BFP in the we one facility We in to an in addition Washington Germany. Detroit network colleagues up the a that from of being GE, If have built example, we working our we in prototype set obtain on topic
could of illustrations our slides, sintering printer. production new we have Regarding high-speed what high-speed In like sintering. the with later of automated an prepared X still look
by region, across an excited by at this about Slide are local hedge new category. up opportunities When expenses geographic the quarter, events. We in operating looking revenue distribution and industrial down to regions manufacturing. opens even printer from and against geography risk by the it breaks target we X backlog revenue order by very XX
XX, sum you illustrations stations of up see projects. the centralized Let's Slide and link our finishing of progress materials achieve in high slide. rates plan video move our center. quarter, in supply, the first these In production segment, these We filtered process on move exciting picture. a half of boxes printing the the cooled and To we you stations. have middle In stations, stations, some see can moved see to the R&D and to lower This can you detail. which Slide again. good the can removed. seasonality and how printer key HSS On figure, Systems and to the bottom and automatically used segment once be a on-demand From these non-sinter added automated job actively There's the see rates the has unpacking We are more [received] in top powder steps can powder also couple this boxes there, of are XX to to of on our powder and projects growth be to completed typically amount can cooling in waste. the the printing then recycling of the new part and in of the a the excellent down.
forward months I the lot would like We into next over have to to that, and years. a with to look Rudi. turn And the now call to
