Increased by 17.9%, Prodways announces 2019 financial report
Prodways Group, a French 3D printer manufacturer and service provider, reported its financial income for the fourth quarter and full year of 2019. The company’s revenue in fiscal year 2019 was 71.3 million euros, an increase of 17.1% from 60.9 million euros in fiscal year 2018. Prodways’ product division, including on-demand parts design and manufacturing and medical applications, achieved an increase of 17.9% with the best performance and contributed 27 million euros to revenue in 2019, up from 22.9 million euros in the 2018 fiscal year.
There is also the system department, which is responsible for 3D software, 3D printers, and related materials and services. In fiscal year 2019, the system division contributed 44.9 million euros to Prodways, an increase of 16.8% over 2018. Revenue data for the fourth quarter of 2019 increased by 3.1% over the same period in 2018, reaching 20 million euros. In the 2018 fiscal year, during the same period, it was 19.4 million euros. The growth of the product division was the main reason for the growth, contributing 6.7 million euros in revenue, an increase of 13.7% compared to the fourth quarter of 2018. On the other hand, the system sector grew by 0.5% in the fourth quarter of 2019, remaining at the level of 13.6 million euros.
Prodways revenue status Prodways attributed the performance of its product division to the contribution of the hearing aid manufacturer Surdifuse-L’EmboutFranais acquired in the first quarter of 2019. This is in line with the 2019 target set in Prodways’ previous financial reports. A company spokesperson 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.” It turns out that this acquisition has a positive effect on revenue growth. contribute. Looking back at 2019, Prodways believes that companies are in a leading position in the digital transformation of the industry. In 2020, Prodways expects to receive the first batch of 3D printer orders for production applications, such as the P1000 X system, which is a new SLS 3D printer launched by Prodways at the end of 2019. Prodways has set its revenue growth target for 2020 at around 5%.
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