Report
Aurelien Sivignon

Prodways Group : Road show feedback: Positive momentum in the two BUs – Buy recommendation and TP of € 5.8 reiterated

>Good momentum in H1 – M&A in the offing - Following a road show we organised in the Paris with the management (CEO, CFO and IR), we discuss Prodways’ first-half results, the recent acquisition of Solidscape, the group’s M&A ambitions, and the partnership with L’Oréal announced last week. Key takeaways: Decent H1 results: first-half EBITDA was positive for the first time at € 0.2m (vs. € 1m est.) and showed a sharp improvement vs. H1 2017 (-€ 1m). Prodways is be...
Underlying
Prodways Group SA

Prodways Group SA. Prodways Group SA is a France-based company engaged in the industrial machinery sector. The Company focuses its activities on the industrial three-dimensional (3D) printing market and more specifically on ''rapid manufacturing'' 3D printing for industrial series production. The Company designs, manufactures and sells products for various industries, including automotive, dental, molding, medical, jewelry and luxury, aerospace and defense, architectural and design, consumer products and academic and research. It offers its customers multi-technology, multi-application industrial solutions, 3D printing systems and a wide range of composite, hybrid and powder products. In addition, it also develops its own manufacturing for the podiatry (orthopaedic soles) and dentistry (orthodontic pieces and dental trays) markets that is sold directly to healthcare professionals. It operates through Avenao Industrie and Interson-Protac.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Aurelien Sivignon

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