Prodways Group : No warning (yet) despite a guidance now looking out of reach
>Q3 sales down unexpectedly - Prodways Group yesterday evening reported Q3 2023 sales well below our expectations, down 8% y-o-y to € 15.9m, whereas we had been looking for growth of an estimated 12% (€ 19.2m). Short-cycle activities, notably on-demand printing, were the hardest hit, while sales of 3D printers remained sluggish. In detail, the systems division (53% of Q3 sales) recorded a decline in sales of 8% y-o-y to € 8.4m (vs € 9.9m est), penalised by lacklustr...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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