Prodways Group : No surprises on 2023 results. Confirmed improvement in profitability in 2024 despite still difficult-to-read momentum on the top line
>2023 results down sharply, as expected - Prodways’ 2023 results were in line with our expectations. On already-reported sales of € 75m, down 8% y-o-y (-10% cs), underlying EBITDA came in at € 6m (vs € 5.8m est.), or a margin off 6 pts y-o-y at 8% (in line with the guidance despite everything). By division, Systems posted an EBITDA margin of 9% (-8 pts y-o-y) impacted by the decline in sales of 3D printers and the meagre showing from the jewellery business (Solidscap...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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