voxeljet AG Reports Financial Results for the First Quarter Ended March 31, 2019

(1)The Company has initially applied IFRS 16 as of January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of initially applying IFRS 16 is recognized in retained earnings at the date of initial application. For further information, see Note 2 of the condensed consolidated interim financial statements.

(2)Certain comparative figures for the 3-month period ended March 31, 2018 were restated for immaterial errors. For further information, see Note 9 of the Q3-2018 condensed consolidated interim financial statements.

10. Revenues

       
Three months ended March 31,
SYSTEMS SERVICES
2019 2018 2019 2018
(€ in thousands)
Primary geographical markets
EMEA 928 712 1,822 2,420
Asia Pacific 613 551 218 216
Americas 874 112 1,110 1,041
2,415 1,375 3,150 3,677
 
Timing of revenue recognition
Products transferred at a point in time 2,193 1,267 3,150 3,677
Products and services transferred over time 222 108 -- --
Revenue from contracts with customers 2,415 1,375 3,150 3,677
   
Three months ended March 31,
2019 2018
(€ in thousands)
EMEA 2,750 3,132
Germany 1,351 1,517
France 373 589
Great Britain 450 274
Others 576 752
Asia Pacific 831 767
India 243 318
Others 588 449
Americas 1,984 1,153
United States 1,948 1,139
Others 36 14
Total 5,565 5,052

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