Prodways Group reports 2019 revenue growth, exceeds target

Companies & MarketsNews
February 26, 2020

February 26, 2020

Prodways Group, a Groupe Gorgé company headquartered in Paris, France, has reported its financial results for the full year 2019. Consolidated revenue for the year was said to be €71.3 million, a growth of 17.1% (6.3% organic) compared to 2018, and in excess of its annual objective. For the fourth quarter, the group’s consolidated revenue was up by 3.1% (0% organic) compared to Q4 2018.

The group’s Systems division, comprising AM software, machines, related materials and services, posted revenue of €44.9 million over the financial year, up 16.8% on a reported basis and 7.6% on a comparable basis. In the fourth quarter 2019, the division’s revenue amounted to €13.6 million, up 0.5%.

This quarterly performance is said to reflect contrasted trends within the division, the group stated. Traditional business activities are said to have taken up positions in the clear aligners market and recorded some commercial successes with leading chemical groups or in Rapid Additive Forging, whereas Solidscape’s jewellery business is recovering at a slow pace. The Materials business continued to post double-digit growth and the Software business maintained solid performance levels after a record fourth quarter 2018.

The Products division, which comprises the design and manufacture of on-demand parts and medical applications, posted revenue of €27 million for the 2019 financial year, up 17.9% (3.1% organic). In the fourth quarter 2019, the division’s revenue amounted to €6.7 million, up 13.7% on a reported basis and 0.1% on a comparable basis.

Looking ahead to the 2020 financial year, Prodways Group stated that, with mass production materialising at a slow pace, it is ready to “seize market opportunities.” The group has for several years been involved in AM industrialisation projects in various business sectors, which involve a large number of machines dedicated to production applications consuming several tonnes of material.

Although no industrial orders were placed in 2019, the group hopes for a first order of this type in 2020. Its revenue growth target for the year 2020 is set at 5%.

Companies & MarketsNews
February 26, 2020

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap