Prodways Group : Limited visibility and still no turning point in the short term, even if margins are expected to recover in 2024
>No turning point in momentum, which remained weak at the end of the year - Prodways Group reported yesterday evening Q4 2023 sales of € 18m, down 18% and in line with our forecasts. In the full year, sales decreased by 8% year-on-year to € 75m because of the change in the recognition of software revenues (Avenao) since July and lacklustre sales of 3D printers and associated equipment at the end of the year. The Systems division (53% of sales) reported a 20% drop in s...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.
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.
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