March 2, 2020, France3D printingThe machine manufacturer and service provider Prodways Group released its financial income for the fourth quarter and full year of 2019.
According to reports, the Prodways Group’s revenue in fiscal year 2019 was 71.3 million euros (approximately 550 million euros), an increase of 17.1% from 60.9 million euros in fiscal year 2018. Prodways’ on-demand parts and medical application design and manufacturing have the fastest growth in the company’s business, reaching 17.9%, contributing 27 million euros in revenue in 2019, higher than 22.9 million euros in fiscal year 2018.
Prodways has two main parts, the system department and the product department. The system department is responsible for 3D software.3D printingMachine and related materials and services. In fiscal year 2019, the system division contributed 44.9 million euros to Prodways, an increase of 16.8% from 38.4 million euros in 2018.
Revenue data for the fourth quarter of 2019 increased by 3.1% over the same period in 2018, reaching 20 million euros, and revenue for the fourth quarter of fiscal year 2018 was 19.4 million euros. In the fourth quarter, the product division contributed 6.7 million euros in revenue, an increase of 13.7% from the 5.9 million euros in the fourth quarter of 2018.
Prodways attributed the performance of its product division to the contribution of Surdifuse-L’Embout Français, a hearing aid manufacturer that Prodways acquired in the first quarter of 2019. This is in line with the 2019 target predicted by Prodways in its 2018 fiscal year report. A spokesperson for the company at the time explained that the acquisition “is expected to generate more than 3 million euros in revenue in 2019 and have a positive impact on the group’s revenue.” As a result, Prodways achieved 17.1% in fiscal year 2019. increase.
Prodways 2020 goals
Looking back on 2019, Prodways stated that the company was “in a leading position in the digital transformation of the industry.”
The company hopes to obtain the first batch of machine orders for production applications in 2020, such as the P1000 X system, which is a new SLS launched by Prodways at the end of 2019 3D printingmachine. The company has set its revenue growth target at around 5%.
Prodways Group’s annual results will be released on Monday, March 23, 2020. Executive Chairman Raphaël Gorgé and Group Chief Financial Officer Pierre-Olivier Gisserot will also discuss the annual results at the meeting.
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