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voxeljet AG Reports Financial Results for the First Quarter Ended March 31, 2017

05/11/2017

FRIEDBERG, Germany--(BUSINESS WIRE)--voxeljet AG (NYSE: VJET) (the “Company”, or “voxeljet”), a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced consolidated financial results for the first quarter ended March 31, 2017.

Highlights

  • Total revenues for the first quarter decreased 7.0% to kEUR 4,530 from kEUR 4,870
  • Systems revenues for the first quarter decreased 39.2% to kEUR 1,693 from kEUR 2,783
  • Services revenues for the first quarter increased 35.9% to kEUR 2,837 from kEUR 2,087
  • Second quarter ended June 30, 2017 revenue guidance of between kEUR 5,500 and kEUR 6,500
  • Reaffirm full year 2017 guidance

Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented, “We enter 2017 with great momentum and a strong focus on executing on our strategy 2020. This will help us to continue to achieve our goals and to generate sustainable, long-term value to our shareholders. We rigorously leverage all our strengths: our global presence with a highly talented and motivated team, our leadership in 3D printing technology and our in-depth market knowledge. The opportunities all around the world are vast and we are ready to take them.”

First Quarter 2017 Results

Revenues for the first quarter of 2017 decreased by 7.0% to kEUR 4,530 compared to kEUR 4,870 in the first quarter of 2016.

Revenues from our Systems segment, which focuses on the development, production and sale of 3D printers, decreased 39.2% to kEUR 1,693 in the first quarter of 2017 from kEUR 2,783 in last year’s first quarter. The Company delivered two new printers in the first quarter of 2017, compared to three new printers delivered in last year’s first quarter. Systems revenues also include all revenues from consumables, spare parts and maintenance. Systems revenues represented 37.4% of total revenues in the first quarter of 2017 compared to 57.1% in last year’s first quarter.

Revenues from our Services segment, which focuses on the printing of on-demand parts for our customers, increased 35.9% to kEUR 2,837 in the first quarter of 2017 from kEUR 2,087 in the comparative period of 2016. This was mainly due to higher revenue contribution from the German operation and our subsidiary voxeljet America Inc. (“voxeljet America”) amounting to kEUR 2,085 and kEUR 548 in the first quarter of 2017 compared to kEUR 1,657 and kEUR 363 in last year’s first quarter. The increase is also attributable to the revenue contribution amounting to kEUR 124 from our Chinese operation (voxeljet China) which was established during the second quarter of 2016.

Cost of sales was kEUR 2,949 for the first quarter of 2017 compared to kEUR 3,539 for the first quarter of 2016.

Gross profit was kEUR 1,581 in the first quarter of 2017 compared to kEUR 1,331 in the first quarter of 2016.

Gross profit for our Systems segment decreased to kEUR 353 in the first quarter of 2017 from kEUR 693 in the first quarter of 2016. The gross profit margin for this segment decreased to 20.9% in the first quarter of 2017 compared to 24.9% in the first quarter of 2016. The decrease in gross profit is mainly due to the decline of revenues. The decrease of gross profit margin resulted mainly from weaker contributions from the areas of spare parts, maintenance, and consumables which were related to the move to our new facility in Friedberg, Germany. This was partially offset by improved gross profit as well as gross profit margin contribution from voxeljet America.

Gross profit for our Services segment increased to kEUR 1,228 in the first quarter of 2017 from kEUR 638 in the first quarter of 2016. The gross profit margin for this segment increased to 43.3% in the first quarter of 2017 from 30.6% in the first quarter of 2016. This was mainly related to higher gross profit and gross profit margin contribution from the German operation as well as voxeljet America due to a higher utilization in the first quarter of 2017, compared to the last year’s same period.

Selling expenses were kEUR 1,385 for the first quarter of 2017 compared to kEUR 1,203 in the first quarter of 2016. The increase of kEUR 182 was mainly due to higher personnel expenses related to an increase in headcount of nine full time employees compared to the first quarter of 2016.

Administrative expenses were kEUR 1,194 for the first quarter of 2017 compared to kEUR 1,096 in the first quarter of 2016.

Research and development (“R&D”) expenses increase to kEUR 1,497 in the first quarter of 2017 from kEUR 1,307 in the first quarter 2016. The increase of kEUR 190 was mainly due to higher expenses for materials and external services related to various projects.

Other operating expenses in the first quarter of 2017 were kEUR 190 compared to kEUR 1,129 in the prior year period. This was mainly due to lower losses from foreign currency transactions amounting to kEUR 138 in the first quarter of 2017 compared to kEUR 1,104 in the first quarter of 2016.

Other operating income was kEUR 297 for the first quarter of 2017 compared to kEUR 317 in the first quarter of 2016. This slight decrease was mainly due to a smaller amount of release of deferred income regarding our sale and lease back transaction which amounted KEUR 54 in the first quarter of 2017 compared to kEUR 74 in last year’s same period.

Operating loss was kEUR 2,388 in the first quarter of 2017, compared to an operating loss of kEUR 3,087 in the comparative period in 2016. The decrease is mainly due to the significant improvement of gross profit from the Services segment partially offset by a decrease from the Systems Segment. Overall gross profit improved by kEUR 250. In addition other operating expense improved by kEUR 939. This was partially offset by higher research and development and selling expenses.

Financial result was a negative of kEUR 43 in the first quarter of 2017, compared to a negative financial result of kEUR 27 in the comparative period in 2016.

Net loss for the first quarter of 2017 was kEUR 2,431 or EUR 0.65 per share, as compared to net loss of kEUR 3,114, or EUR 0.84 per share, in the first quarter of 2016.

Based on a conversion rate of five American Depositary Shares (“ADSs”) per ordinary share, net loss is EUR 0.13 per ADS for the three months ended 2017, compared to EUR 0.17 from the comparative period of 2016.

Business Outlook

Our revenue guidance for the second quarter of 2017 is in the range of kEUR 5,500 to kEUR 6,500.

We reaffirm our guidance for the full year ended December 31, 2017.

  • Full year revenue is expected to be in the range of kEUR 26,000 and kEUR 28,000
  • Gross margin is expected to be above 40%
  • Operating expenses for the full year are expected as follows: SG&A expenses in the range of kEUR 9,250 and kEUR 10,250 and R&D expenses to be approximately kEUR 4,750 to kEUR 5,750. Depreciation and amortization expense is expected to be between kEUR 3,000 and kEUR 4,000.
  • EBITDA is expected to be neutral-to-positive in 2017
  • Capital expenditures are projected to be in the range of kEUR 8,000 to kEUR 9,000, which primarily includes ongoing investments in our global subsidiaries.

Our total backlog of 3D printer orders at March 31, 2017 was kEUR 4,302, which represents five 3D printers. This compares to a backlog of kEUR 3,784 representing five 3D printers, at December 31, 2016. As production and delivery of our printers is generally characterized by lead times ranging between three to nine months, the conversion rate of order backlog into revenue is dependent on the equipping process for the respective 3D printer as well as the timing of customers’ requested deliveries.

At March 31, 2017, we had cash and cash equivalents of kEUR 6,941 and held kEUR 11,657 of investments in bond funds, which are included in current financial assets on our consolidated statements of financial position.

Webcast and Conference Call Details

The Company will host a conference call and webcast to review the results for the first quarter on Friday, May 12, 2017 at 8:30 a.m. Eastern Time. Participants from voxeljet will include its Chief Executive Officer, Dr. Ingo Ederer, and its Chief Financial Officer, Rudolf Franz, who will provide a general business update and respond to investor questions.

Interested parties may access the live audio broadcast by dialing 1-877-705-6003 in the United States/Canada, or 1-201-493-6725 for international, Conference Title “voxeljet AG First Quarter 2017 Financial Results Conference Call”. Investors are requested to access the call at least five minutes before the scheduled start time in order to complete a brief registration. An audio replay will be available approximately two hours after the completion of the call at 1-844-512-2921 or 1-412-317-6671, Replay Conference ID number 13660484. The recording will be available for replay through May 19, 2017.

A live webcast of the call will also be available on the investor relations section of the Company’s website. Please go to the website https://event.webcasts.com/starthere.jsp?ei=1144863 at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software. A replay will also be available as a webcast on the investor relations section of the Company’s website.

Exchange rate

This press release contains translations of certain U.S. dollar amounts into euros at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from U.S. dollars to euros in this press release were made at a rate of USD 1.0698 to EUR 1.00, the noon buying rate of the Federal Reserve Bank of New York for the euro on March 31, 2017.

About voxeljet

voxeljet is a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents. The Company provides its 3D printers and on-demand parts services to industrial and commercial customers serving the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product end markets. For more information, visit http://www.voxeljet.de/en/.

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements concerning our business, operations and financial performance. Any statements that are not of historical facts may be deemed to be forward-looking statements. You can identify these forward-looking statements by words such as ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ or other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements include statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, our results of operations, financial condition, business outlook, the industry in which we operate and the trends that may affect the industry or us. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that forward-looking statements are not guarantees of future performance. All of our forward-looking statements are subject to known and unknown risks, uncertainties and other factors that are in some cases beyond our control and that may cause our actual results to differ materially from our expectations, including those risks identified under the caption “Risk Factors” in the Company’s Annual Report on Form 20-F and in other reports the Company files with the U.S. Securities and Exchange Commission, as well as the risk that our revenues may fall short of the guidance we have provided in this press release. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.

voxeljet AG

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION


 
 
 
 
Notes
03/31/2017
12/31/2016




(€ in thousands)




unaudited

Current assets


33,601
37,506
Cash and cash equivalents
7
6,941
7,849
Financial assets
7
11,657
12,579
Trade receivables


3,550
4,133
Inventories
3
9,475
11,213
Income tax receivables


8
8
Other assets


1,970
1,724






 
Non-current assets


28,003
24,633
Financial assets
7
211
211
Intangible assets
4
861
842
Property, plant and equipment
5
26,872
23,521
Other assets


59
59






 
Total assets


61,604
62,139






 




 


Notes
03/31/2017
12/31/2016




(€ in thousands)




unaudited

Current liabilities


6,971
5,517
Deferred income


405
332
Trade payables


2,654
1,765
Financial liabilities
7
1,285
1,297
Other liabilities and provisions
6
2,627
2,123






 
Non-current liabilities


5,513
5,086
Deferred income


116
177
Deferred tax liabilities


1
1
Financial liabilities
7
5,315
4,817
Other liabilities and provisions
6
81
91






 
Equity


49,120
51,536
Subscribed capital


3,720
3,720
Capital reserves


75,827
75,827
Accumulated deficit


(31,400)
(28,971)
Accumulated other comprehensive income


888
873
Equity attributable to the owners of the company


49,035
51,449
Non-controlling interests


85
87






 
Total equity and liabilities


61,604
62,139

voxeljet AG

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED)


 
 
 




Quarter Ended March 31,
 
Notes
2017
2016




(€ in thousands, except share and share data)
Revenues
8, 9
4,530
4,870
Cost of sales


(2,949)
(3,539)
Gross profit
8
1,581
1,331
Selling expenses


(1,385)
(1,203)
Administrative expenses


(1,194)
(1,096)
Research and development expenses


(1,497)
(1,307)
Other operating expenses


(190)
(1,129)
Other operating income


297
317
Operating loss


(2,388)
(3,087)
Finance expense


(47)
(30)
Finance income


4
3
Financial result


(43)
(27)
Loss before income taxes


(2,431)
(3,114)
Income tax (expense) benefit


--
--
Net loss


(2,431)
(3,114)






 
Other comprehensive income


15
608
Total comprehensive loss


(2,416)
(2,506)






 
Loss attributable to:





Owner of the Company


(2,429)
(3,114)
Non-controlling interests


(2)
--




(2,431)
(3,114)






 
Total comprehensive loss attributable to:





Owner of the Company


(2,414)
(2,506)
Non-controlling interests


(2)
--




(2,416)
(2,506)






 
Weighted average number of ordinary shares outstanding


3,720,000
3,720,000
Loss per share - basic/ diluted (EUR)


(0.65)
(0.84)

voxeljet AG

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)


 
 
 
 
 
 
 


(€ in thousands)


Attributable to the owners of the company





Subscribed capital
Capital
reserves

Accumulated
deficit

Accumulated other comprehensive gain (loss)
Total
Non-controlling interests   Total equity
Balance at January 1, 2016
3,720
75,671
(17,684)
(238)
61,469
--
61,469
Loss for the period
--
--
(3,114)
--
(3,114)
--
(3,114)
Net changes in fair value of available for sale financial assets
--
--
--
2
2
--
2
Foreign currency translations
--
--
--
606
606


606
Balance at March 31, 2016
3,720
75,671
(20,798)
370
58,963
--
58,963














 


(€ in thousands)


Attributable to the owners of the company





Subscribed capital
Capital
reserves

Accumulated
deficit

Accumulated other comprehensive gain (loss)
Total
Non-controlling interests   Total equity
Balance at January 1, 2017
3,720
75,827
(28,971)
873
51,449
87
51,536
Loss for the period
--
--
(2,429)
--
(2,429)
(2)
(2,431)
Foreign currency translations
--
--
--
15
15
--
15
Balance at March 31, 2017
3,720
75,827
(31,400)
888
49,035
85
49,120

voxeljet AG

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)


 
 


Quarter Ended March 31,


2017
2016


(€ in thousands)
Cash Flow from operating activities



Loss for the period
(2,431)
(3,114)
Depreciation and amortization
684
620
Foreign currency exchange differences on loans to subsidiaries
1
578
Impairment losses on trade receivables
60
0
Proceeds from customer loans
--
10




 
Change in working capital
84
669
Trade and other receivables, inventories and current assets
(786)
(1,574)
Trade payables
322
903
Other liabilities, provisions and deferred income
548
1,340
Total
(1,602)
(1,237)




 
Cash Flow from investing activities







 
Payments to acquire property, plant and equipment and intangible assets
(687)
(23)
Net proceeds from disposal of financial assets
922
1,011
Total
235
988




 
Cash Flow from financing activities







 
Repayment from bank overdrafts and lines of credit
(39)
(90)
Repayment of sale and leaseback obligation
(100)
(123)
Repayment of finance lease obligation
(10)
(12)
Proceeds (repayment) of long-term debt
594
(51)
Total
445
(276)




 
Net decrease in cash and cash equivalents
(922)
(525)




 
Cash and cash equivalents at beginning of period
7,849
2,086
Changes to cash and equivalents due to foreign exchanges rates
14
28
Cash and cash equivalents at end of period
6,941
1,589




 
Supplemental Cash Flow Information



Interest paid
47
26
Interest received
2
2

voxeljet AG

NOTES TO THE INTERIM 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.

The IASB issued a number of new IFRS standards which are required to be adopted in annual periods beginning after December 31, 2016.


 
 
Standard
Effective date
Descriptions
IFRS 15
01/2018
Revenue from Contracts with Customers
Amendment Effective Date of IFRS 15
Amendment Clarifications to IFRS 15
IFRS 9
01/2018
Financial Instruments
IFRS 2
01/2018
Amendments Classification and Measurement of Share-based Payment Transactions
IFRS 4
01/2018
Amendments Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts
IAS 40
01/2018
Amendment Transfers of Investment Property
IFRIC 22
01/2018
Foreign Currency Transactions and Advance Consideration
Improvements to IFRS (2014 - 2016)
01/2018
IFRS 1, IAS 28
IFRS 16
01/2019
Leases
IFRS 10, IAS 28
indefinite
Amendment Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
Amendment Effective Date

IFRS 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognized. It replaces existing revenue recognition guidance, including IAS 18 Revenue, IAS 11 Construction Contracts and IFRIC 13 Customer Loyalty Programmes. IFRS 15 is effective for annual periods beginning on or after January 1, 2018, with early adoption permitted. The Company has developed a project plan to analyze the potential impact IFRS 15 will have on its consolidated financial statements and related disclosures as well as its business processes, systems and controls. This includes reviewing revenue contracts across all revenue streams and evaluating potential differences that would result from applying the requirements under the new guidance. Based on the analysis conducted to date, the Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and the method of adoption.

Regarding further new standards, amendments or interpretations, the Company has not yet determined what impact the new standards will have on the financial statements.

The interim financial statements as of and for the three months ended March 31, 2017 and 2016 were authorized for issue by the Management Board on May 11, 2017.

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, 2016, which can be found in its Annual Report on Form 20-F that was filed with the U.S. Securities and Exchange Commission. These policies have been applied to all financial periods presented.

3. Inventories


 
 


03/31/2017
12/31/2016


(€ in thousands)
Raw materials and merchandise
2,001
1,850
Work in progress
7,474
9,363
Total
9,475
11,213

4. Intangible assets


 
 


03/31/2017
12/31/2016


(€ in thousands)
Software
493
515
Licenses
156
162
Prepayments made on intangible assets
212
165
Total
861
842

5. Property, plant and equipment


 
 


03/31/2017
12/31/2016


(€ in thousands)
Land, buildings and leasehold improvements
11,913
12,020
Plant and machinery (includes assets under finance lease)
9,131
6,730
Other facilities, factory and office equipment
1,490
1,522
Assets under construction and prepayments made
4,338
3,249
Total
26,872
23,521




 
Leased assets included in Property, Plant and Equipment:
1,115
1,208
Printers
888
964
Printers leased to customers under operating lease
130
141
Other factory equipment
97
103

No impairment of non-financial assets was recorded in the three-months period ended March 31, 2017.

6. Other liabilities and provisions


 
 


03/31/2017
12/31/2016


(€ in thousands)
Customer deposits
400
183
Liabilities from VAT
157
174
Employee bonus
384
143
Accruals for management compensation
36
--
Accruals for vacation and overtime
352
170
Accruals for licenses
193
258
Liabilities from payroll
215
211
Accruals for commissions
82
190
Accruals for compensation of Supervisory board
225
180
Accrual for warranty
415
400
Others
249
305
Total
2,708
2,214

7. Financial instruments

The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The fair value hierarchy defines the following levels:

  • Level 1: Quoted prices of the respective financial asset or financial liability in active markets
  • Level 2: Other directly observable input parameters which contribute to establishing the fair value based on a valuation model
  • Level 3: Input parameters not based on observable market data

Under IAS 39 there are the following categories:

(I) A financial asset or financial liability at fair value through profit or loss

(II) Held-to-maturity investments

(III) Available-for-sale financial assets

(IV) Loans and receivables

(V) Financial liabilities measured at amortized cost


 
 
 
 
 
 
 

03/31/2017
I.
II.
III.
IV.
V.
Fair Value
Level
 
 
 
 
 
 
 
 















 
Assets





























 
Non-current assets














Restricted cash
--
--
--
206
--
206
Level 1
Equity securities
--
--
5
--
--
5
Level 3
Current assets














Bond funds
--
--
11,657
--
--
11,657
Level 1
Cash and cash equivalents
--
--
--
6,941
--
6,941
Level 1















 
Liabilities





























 
Non-current liabilities














Long-term debt
--
--
--
--
5,073
4,476
Level 2
Finance lease obligation
--
--
--
--
242
236
Level 2
Current liabilities














Bank overdraft
--
--
--
--
185
185


Long-term debt
--
--
--
--
662
657
Level 2
Finance lease obligation
--
--
--
--
438
432
Level 2

 
 
 
 
 
 
 

12/31/2016
I.
II.
III.
IV.
V.
Fair Value
Level
 
 
 
 
 
 
 
 















 
Assets





























 
Non-current assets














Restricted cash
--
--
--
206
--
206
Level 1
Equity securities
--
--
5
--
--
5
Level 3
Current assets














Bond funds
--
--
11,657
--
--
11,657
Level 1
Note receivable
--
--
922
--
--
922
Level 1
Cash and cash equivalents
--
--
--
7,849
--
7,849
Level 1















 
Liabilities





























 
Non-current liabilities














Long-term debt
--
--
--
--
4,448
3,770
Level 2
Finance lease obligation
--
--
--
--
369
354
Level 2
Current liabilities














Bank overdraft
--
--
--
--
224
224


Long-term debt
--
--
--
--
651
644
Level 2
Finance lease obligation
--
--
--
--
422
416
Level 2

The fair value of the Company’s investments in the bond funds was determined based on the unit prices quoted by the respective 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.

8. 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 March 31,


2017
2016

(€ in thousands)


SYSTEMS
SERVICES
SYSTEMS
SERVICES
Revenues
1,693
2,837
2,783
2,087








 
Gross profit
353
1,228
693
638
Gross profit in %
20.9%
43.3%
24.9%
30.6%

9. Revenues

The Group’s revenues by geographic region were as follows:


 
 


Quarter ended March 31,


2017
2016


(€ in thousands)
EMEA
2,838
3,409
France
525
1,470
Germany
1,431
1,108
Others
882
831
Asia Pacific
279
1,017
Taiwan
16
906
Others
263
111
Americas
1,413
444
United States
1,252
444
Others
161
--
Total
4,530
4,870

10. Subsequent event

Stock option plan

In April 2017, the Supervisory Board adopted and approved Option Plan 2017, following shareholder’s approval in the 2016 Annual General Meeting. The plan authorizes to grant, up to 372,000 registered no-par value shares of stock options to employees and members of the management board.

Contact:

voxeljet AG
Investors and Media
Johannes Pesch
Director, Investor Relations and Business Development
johannes.pesch@voxeljet.de
Office: +49 821 7483172
Mobile: +49 176 45398316

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