{"id":68187,"date":"2019-07-29T12:53:45","date_gmt":"2019-07-29T04:53:45","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/prodways-beats-targets-with-120-growth-in-3d-printing-for-fy2018.3dm"},"modified":"2019-07-29T12:53:45","modified_gmt":"2019-07-29T04:53:45","slug":"prodways-beats-targets-with-120-growth-in-3d-printing-for-fy2018","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/prodways-beats-targets-with-120-growth-in-3d-printing-for-fy2018\/","title":{"rendered":"Prodways beats targets with 120% growth in 3D printing for FY2018"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>French industrial 3D printer provider Prodways Group has reported its financial earnings for fourth quarter and full year 2018.<\/p>\n<p>Exceeding objectives, FY2018 revenue was reported at \u20ac60.9 million, up 75% on FY2017 which was \u20ac34.8 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 \u20ac38.4 million in revenue for 2018.<\/p>\n<p>Within parent company Groupe Gorg\u00e9, Prodways&#8217; strong performance constituted the strongest growth of all divisions for 2018. Combined with Smart Safety systems (down 10.1% on 2017 to \u20ac102.1 million) and Protection of High-Risk Installations (up 2.1% on 2017 to \u20ac134.3 million) Prodways 3D printing contributed to a total year on year revenue growth of 6.4% to \u20ac296 million in 2018, compared to \u20ac278.2 million for 2017.<\/p>\n<p>Full year annual results for Prodways Group will be discussed by Executive Chairman Chairman Rapha\u00ebl Gorg\u00e9 and Group CFO Pierre-Olivier Gisserot in an earnings call on April 3, 2019. The Groupe Gorg\u00e9 conference call, held by Gorg\u00e9 and Lo\u00efc Le Berre, Deputy CEO and Group CFO, is scheduled to follow.<\/p>\n<figure id=\"attachment_150013\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-150013\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/gorge-raphael-1024x558.jpg\" alt=\"Rapha\u00ebl Gorg\u00e9, Executive Chairman Prodways Group and Chairman and CEO of Groupe Gorg\u00e9. Photo via Groupe Gorg\u00e9\" width=\"1024\" height=\"558\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/gorge-raphael-1024x558.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/gorge-raphael-770x420.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/gorge-raphael-200x109.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/gorge-raphael-500x273.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/gorge-raphael.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Rapha\u00ebl Gorg\u00e9, Executive Chairman Prodways Group and Chairman and CEO of Groupe Gorg\u00e9. Photo via Groupe Gorg\u00e9<\/figcaption><\/figure>\n<p><strong>Prodways Systems and Services<\/strong><\/p>\n<p>Prodways Group revenue is represented in two divisions: the aforementioned Systems division, and Products, which accounts for all the company&#8217;s on-demand part manufacturing and medical modelling. For Q4 2018 Systems reported revenue of \u20ac13.6 million, up 85.5% on the same period in 2017 which was \u20ac7.3 million. Throughout the year, Systems revenue at the company was reportedly bolstered by the company&#8217;s acquisiton of wax 3D printer producer Solidscape, a deal completed in July 2018.<\/p>\n<p>On the other hand, Prodways 3D printed Products reported a Q4 2018 revenue of \u20ac5.9 million, up 2.9% on the same period in 2017 which was \u20ac5.7 million. For the full year 2018, Products revenue was reported at \u20ac22.9 million, compared to 2017&#8217;s \u20ac17.8 million. This figure is representative of more than 1 million 3D printed parts throughout the year, supported by part production at service bureau subsidiary Varia 3D. In light of recent business deals made by the company it also seems that the Products division is in line for a boost in 2019.<\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"143\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;(in \u20ac millions)&quot;}\"><strong>(in \u20ac millions)<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;FY2018&quot;}\"><strong>FY2018<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;FY2017&quot;}\"><strong>FY2017<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Change&quot;}\"><strong>Change<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q4 2018&quot;}\"><strong>Q4 2018<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q4 2017&quot;}\"><strong>Q4 2017<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Change&quot;}\"><strong>Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Systems&quot;}\"><em>Systems<\/em><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:38.4}\">38.4<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:17.4}\">17.4<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1.2068965517241381}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-2]-R[0]C[-1])\/R[0]C[-1]\">120.69%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:13.6}\">13.6<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:7.3}\">7.3<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.855}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">85.5%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Products&quot;}\"><em>Products<\/em><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:22.9}\">22.9<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:17.8}\">17.8<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.28651685393258414}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-2]-R[0]C[-1])\/R[0]C[-1]\">28.65%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:5.9}\">5.9<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:5.7}\">5.7<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.029}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">2.9%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Structure &amp; disposals&quot;}\"><em>Structure &amp; disposals<\/em><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.4}\">-0.4<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.4}\">-0.4<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-2]-R[0]C[-1])\/R[0]C[-1]\">0.00%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.1}\">-0.1<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0}\">0<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;n\/a&quot;}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">n\/a<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Consolidated revenue&quot;}\"><em>Consolidated revenue<\/em><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:60.9}\">60.9<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:34.8}\">34.8<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.7500000000000001}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-2]-R[0]C[-1])\/R[0]C[-1]\">75.00%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:19.4}\">19.4<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:13}\">13<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.4923076923076922}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-2]-R[0]C[-1])\/R[0]C[-1]\">49.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Prodways&#8217; 2019 objectives<\/strong><\/p>\n<p>Sharing objectives for the year ahead, Prodways Group focuses on its recent acquisition of hearing aid manufacturer Surdifuse-L\u2019Embout Fran\u00e7ais which was completed post-year end in January 2019. Surdifuse-L\u2019Embout adds to Prodway&#8217;s previous acquisition of Interson-Protac, another audiology expert and further part of its Products division, and drives toward the company&#8217;s ambition of becoming &#8220;the French leader and one of the European leaders in customized hearing aid eartips.&#8221; According to a Prodways spokesperson, &#8220;This acquisition is expected to generate more than \u20ac3 million in revenue in 2019 and to have a positive impact on the Group&#8217;s income.&#8221;<\/p>\n<p>&#8220;In the Products division, the Group continues to implement the digital transition of its medical activities, which should bear fruit in the medium term.&#8221;<\/p>\n<figure id=\"attachment_120954\" style=\"width: 731px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-120954\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-07-11.47.56.png\" alt=\"Interson-Protac's Pianissimo - custom made ear protection for musicians. Photo via Interson-Protac\" width=\"731\" height=\"385\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-07-11.47.56.png 731w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-07-11.47.56-570x300.png 570w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-07-11.47.56-200x105.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-07-11.47.56-500x263.png 500w\" sizes=\"(max-width: 731px) 100vw, 731px\" \/><figcaption class=\"wp-caption-text\">Interson-Protac&#8217;s Pianissimo &#8211; custom made ear protection for musicians. Photo via Interson-Protac<\/figcaption><\/figure>\n<p>In addition, the Group is expecting 2019&#8217;s revenue growth to be above 15%: &#8220;driven by the launch of new machines: ProMaker V10, ProMaker LD-20 and Solidscape DL.&#8221;<\/p>\n<p>Visit here for further data and analysis from  Industry.<\/p>\n<p><em>Stay up to date with 3D printing financials this season by subscribing to the <a href=\"\/service\/3d-printing\"> Industry newsletter<\/a>, following us on <a href=\"https:\/\/twitter.com\/3dprintindustry\">Twitter<\/a> and liking us on <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">Facebook<\/a>. <\/em><\/p>\n<p><em>Nominate Prodways Group and more in the 2019 <a href=\"\/service\/3d-printing\"> Industry Awards<\/a> &#8211; this period closes tomorrow.<\/em><\/p>\n<p><em>Seeking jobs in engineering? Make your profile on <a href=\"\/service\/3d-printing\"> Jobs<\/a>, or <a href=\"https:\/\/jobs.3dprintingindustry.com\/products\">advertise<\/a> to find experts in your area.<\/em><\/p>\n<p><em>Featured image shows a closeup of a Prodways 3D printer. Photo via Prodways<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u20ac60.9 million, up 75% on FY2017 which was \u20ac34.8 million. Of this total, the Systems division, which includes all Prodways 3D printers, 3D software and materials, experienced a significant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182402,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/gorge-raphael-1024x558.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prodways beats targets with 120% growth in 3D printing for FY2018 - FacFox News<\/title>\n<meta name=\"description\" content=\"French industrial 3D printer provider Prodways Group has reported its financial earnings for fourth quarter and full year 2018. 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