PRODWAYS BEATS TARGETS WITH 120% GROWTH IN 3D PRINTING FOR FY2018

3D Printing Industry | 2/28/2019 | Beau Jackson
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French industrial 3D printer provider Prodways Group has reported its financial earnings for fourth quarter and full year 2018.

Exceeding objectives, FY2018 revenue was reported at €60.9 million, up 75% on FY2017 which was €34.8 million. Of this total, the Systems division, which includes all Prodways 3D printers, 3D software and materials, experienced a significant rise year-over-year with a 120% growth to €38.4 million in revenue for 2018.

Parent - Company - Groupe - Gorgé - Prodways

Within parent company Groupe Gorgé, Prodways’ strong performance constituted the strongest growth of all divisions for 2018. Combined with Smart Safety systems (down 10.1% on 2017 to €102.1 million) and Protection of High-Risk Installations (up 2.1% on 2017 to €134.3 million) Prodways 3D printing contributed to a total year on year revenue growth of 6.4% to €296 million in 2018, compared to €278.2 million for 2017.

Full year annual results for Prodways Group will be discussed by Executive Chairman Chairman Raphaël Gorgé and Group CFO Pierre-Olivier Gisserot in an earnings call on April 3, 2019. The Groupe Gorgé conference call, held by Gorgé and Loïc Le Berre, Deputy CEO and Group CFO, is scheduled to follow.

Prodways - Group - Revenue - Divisions - Systems

Prodways Group revenue is represented in two divisions: the aforementioned Systems division, and Products, which accounts for all the company’s on-demand part manufacturing and medical modelling. For Q4 2018 Systems reported revenue of €13.6 million, up 85.5% on the same period in 2017 which was €7.3 million. Throughout the year, Systems revenue at the company was reportedly bolstered by the company’s acquisiton of wax 3D printer producer Solidscape, a deal completed in July 2018.

On the other hand, Prodways 3D printed Products reported a Q4 2018 revenue of €5.9 million, up 2.9% on the same period in 2017 which was €5.7 million....
(Excerpt) Read more at: 3D Printing Industry
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