Prodways group reports financial results for fy 2019 and q4 2019
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Prodways Group studies monetary outcomes for FY 2019 and This autumn 2019

French 3D printer producer and repair supplier Prodways Group has reported its monetary earnings for fourth quarter and full 12 months 2019. 

FY 2019 income was reported at €71.three million, representing a progress of 17.1% from FY 2018, which was €60.9 million. Prodways’ Merchandise division, comprising the design and manufacture of on-demand components and medical functions, skilled essentially the most progress out of the corporate’s divisions at 17.9%, contributing €27 million in income for 2019, up from €22.9 for FY 2018. 

3D printed merchandise made with Prodways applied sciences. Picture through Prodways.

Progress led by Surdifuse-L’Embout Français

Represented in two divisions, Merchandise makes up half of Prodways’ income. The opposite division includes Techniques, which accounts for 3D software program, 3D printers and associated supplies and companies. For FY 2019, Techniques contributed €44.9 million to the entire €71.three million for Prodways. This determine represents a 16.eight% enhance from 2018.

The This autumn 2019, income figures have been up three.1% from the identical interval in 2018, coming in at €20 million. For FY 2018, this quantity was at €19.four million. The Merchandise division is the principle explanation for the rise, contributing €6.7 million in income. This can be a 13.7% progress from This autumn 2018 Merchandise income. Techniques then again skilled a progress of Zero.5% between This autumn 2018 and This autumn 2019, remaining at €13.6 million. 

Revenues (in thousands and thousands of euros)
FY2019
FY2018
Change in %
This autumn 2019
This autumn 2018
Change in %

Techniques
44.9
38.four
16.eight%
13.6
13.6
Zero.5%

Merchandise
27
22.9
17.9%
6.7
5.9
13.7%

Construction & eliminations
-Zero.5
-Zero.four
n.s.
-Zero.three
-Zero.1
n.s.

Consolidated income
71.three
60.9
17.1%
20
19.four
three.1%

Prodways attributes its Merchandise division efficiency to the contribution of Surdifuse-L’Embout Français, a listening to assist producer that Prodways acquired in Q1 2019. This falls in keeping with the targets for 2019 that Prodways recognized for its FY 2018 report. An organization spokesperson on the time defined that the acquisition was “anticipated to generate greater than €three million in income in 2019 and to have a constructive affect on the Group’s earnings.” In consequence, of Prodways’ 17.1% progress for FY 2019, 6.three% has been natural. For This autumn 2019, a majority of the three.1% progress is listed as inorganic. 

The ProMaker P1000 X. Image via Prodways.The ProMaker P1000 X. Picture through Prodways.

Prodways 2020 targets

Wanting again on 2019, Prodways explains that the corporate is “properly positioned to be a number one participant within the digital transformation of the trade.” With mass manufacturing materializing at a gradual tempo, Prodways is “able to seize market alternatives,” in keeping with an organization assertion.

For 2020, the corporate is hoping for a primary order of its machines geared in direction of manufacturing functions like its P1000 X system, a brand new SLS 3D printer that Prodways launched in late 2019. It has set a income progress goal of round 5%.

Full 12 months annual outcomes for Prodways Group will probably be printed on Monday, 23 March 2020, the place it can even be mentioned by Government Chairman Chairman Raphaël Gorgé and Group CFO Pierre-Olivier Gisserot in a convention name the subsequent day.

The nominations for the 2020 3D Printing Trade Awards at the moment are open. Who do you assume ought to make the shortlists for this 12 months’s present? Have your say now. 

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Featured picture reveals 3D printed merchandise from Prodways. Picture through Prodways.

Credit score : Supply Hyperlink

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