{"id":68615,"date":"2019-07-29T13:12:28","date_gmt":"2019-07-29T05:12:28","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report.3dm"},"modified":"2019-07-29T13:12:28","modified_gmt":"2019-07-29T05:12:28","slug":"3d-printing-revenue-booms-in-group-gorge-q3-2017-report","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/","title":{"rendered":"3D printing revenue booms in Group Gorg\u00e9 Q3 2017 report"},"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<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">35<\/span><span>shares<\/span><\/div>\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 class=\"dpsp-network-count\">10<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">25<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>The 3D printing division of independent high-tech conglomerate Groupe Gorg\u00e9 (EPA:GOE) has reported a 33.4% increase in revenue for the third quarter of FY 2017. Overall the division recorded earnings of \u20ac7.1 million, compared to \u20ac5.3 million for the same period in 2016. In the first 9 months of the year, 3D printing revenue has already entered double digits, amounting to a total of \u20ac21.8 million. For comparison, 3D printing revenue for the same 9 month period 2016 was \u20ac17.7 million.<\/p>\n<p>The latest financial results include by a flat performance from Systems, while Protection recorded a 8.4% decrease. 3D printing at Groupe Gorg\u00e9 shows the most marked increase in revenue with a 33.4% year on year increase for the third quarter of the year.<\/p>\n<figure id=\"attachment_123333\" style=\"width: 771px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-123333\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/GG-Q3-2017.jpg\" alt=\"A table of Groupe Gorg\u00e9\u2019s consolidated revenue for Q3 2017. Image via Groupe Gorg\u00e9\" width=\"771\" height=\"306\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/GG-Q3-2017.jpg 771w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/GG-Q3-2017-770x306.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/GG-Q3-2017-200x79.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/GG-Q3-2017-500x198.jpg 500w\" sizes=\"(max-width: 771px) 100vw, 771px\" \/><figcaption class=\"wp-caption-text\">Groupe Gorg\u00e9\u2019s consolidated revenue for Q3 2017. Image via Groupe Gorg\u00e9<\/figcaption><\/figure>\n<p><strong>Accelerated R&amp;D<\/strong><\/p>\n<p>Earlier in 2017, Groupe Gorg\u00e9 successfully raised \u20ac50.7 million through an IPO of Prodways. The money raised in this offering has provided the division with ample resources to ramp up 3D printing research and development, and make targeted acquisitions within the sector.<\/p>\n<p>In line with Q3&#8217;s report, Groupe Gorg\u00e9 has confirmed that it will be accelerating effort in its Rapid Additive Forging (RAF) process, adding metal 3D printing to its existing line of laser sintering, and DLP MovingLight systems. According to the company&#8217;s official statement, &#8220;The acceleration of this programme should support the introduction of an industrial machine in February 2018. This printer, whose selling price will be much higher than that of the current Prodways Group range, will be able to produce titanium parts of 1,200x800x500mm.&#8221;<\/p>\n<p>In addition, &#8220;Contrary to what had been announced during the IPO, Prodways Group now believes the acceleration of this programme could generate revenue as from 2018 for both the Systems division (machine sale or rental) and the Products division (sale of parts manufactured with Rapid Additive Forging technology).&#8221;<\/p>\n<figure id=\"attachment_116255\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-large wp-image-116255\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/Prodways-RAF-Technology-1-1024x681.png\" alt=\"Titanium component produced with Prodways' RAF process. Photo via Groupe Gorge.\" width=\"1024\" height=\"681\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/Prodways-RAF-Technology-1-1024x681.png 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/Prodways-RAF-Technology-1-150x100.png 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/Prodways-RAF-Technology-1-770x512.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/Prodways-RAF-Technology-1-200x133.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/Prodways-RAF-Technology-1-500x332.png 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Titanium component produced with Prodways&#8217; RAF process. Photo via Groupe Gorg\u00e9.<\/figcaption><\/figure>\n<p><strong>Projected annual performance <\/strong><\/p>\n<p>3D printing revenue at Groupe Gorg\u00e9 is attributable to two subdivisions &#8211; Systems and Products.<\/p>\n<p>The Systems subdivision of Prodways, responsible for the design and sale\/rent of additive manufacturing machines, recorded a 24.0% growth compared with Q3 2016. Noting a expansion in activity from the medical sector, particular in podiatry, the Products subdivision, that handles print on demand requests, was up 42.6% on the previous year.<\/p>\n<p>3D printing&#8217;s success has bolstered lower level activity in Groupe Gorg\u00e9&#8217;s Protection of High-Risk Installations division which was down 10.5% compared with the first nine months of 2016. Overall, the group experienced a 2.3% year-on-year loss for Q3, with consolidated revenue of all four divisions totaling \u20ac59.3 million.<\/p>\n<p>A 2017 consolidated revenue target near \u20ac300 million is maintained.<\/p>\n<p><em>Stay informed with additive&#8217;s latest business movements and subscribe to the <a href=\"\/service\/3d-printing\"> Industry newsletter<\/a>, <a href=\"https:\/\/twitter.com\/3dprintindustry\">follow us on Twitter<\/a> and <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">like us on Facebook<\/a>. Recruit new talent in corporate, engineering and more with <a href=\"https:\/\/3dprintingindustry.com\/jobs\/\"><a href=\"\/service\/3d-printing\"> Industry jobs<\/a>.<\/em><\/p>\n<p><em>Featured image shows Groupe Gorg\u00e9 subsidiary Prodways&#8217; range of 3D printing applications. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>35shares 10 25 0 The 3D printing division of independent high-tech conglomerate Groupe Gorg\u00e9 (EPA:GOE) has reported a 33.4% increase in revenue for the third quarter of FY 2017. Overall the division recorded earnings of \u20ac7.1 million, compared to \u20ac5.3 million for the same period in 2016. In the first 9 months of the year, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182614,"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\/2017\/10\/GG-Q3-2017.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68615","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>3D printing revenue booms in Group Gorg\u00e9 Q3 2017 report - FacFox News<\/title>\n<meta name=\"description\" content=\"35shares10250The 3D printing division of independent high-tech conglomerate Groupe Gorg\u00e9 (EPA:GOE) has reported a 33.4% increase in revenue for the third\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3D printing revenue booms in Group Gorg\u00e9 Q3 2017 report\" \/>\n<meta property=\"og:description\" content=\"35shares10250The 3D printing division of independent high-tech conglomerate Groupe Gorg\u00e9 (EPA:GOE) has reported a 33.4% increase in revenue for the third\" \/>\n<meta property=\"og:url\" content=\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/\" \/>\n<meta property=\"og:site_name\" content=\"FacFox News\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-29T05:12:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/GG-Q3-2017.jpg\" \/>\n<meta name=\"author\" content=\"edi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/GG-Q3-2017.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"edi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/\"},\"author\":{\"name\":\"edi\",\"@id\":\"https:\/\/facfox.com\/news\/#\/schema\/person\/30c6618bf20fcdd6af222ac673dfd857\"},\"headline\":\"3D printing revenue booms in Group Gorg\u00e9 Q3 2017 report\",\"datePublished\":\"2019-07-29T05:12:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/\"},\"wordCount\":490,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/facfox.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/GG-Q3-2017.jpg\",\"keywords\":[\"3dprint\",\"3dprinting\",\"business\"],\"articleSection\":[\"Aerospace\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/\",\"url\":\"https:\/\/facfox.com\/news\/3d-printing-revenue-booms-in-group-gorge-q3-2017-report\/\",\"name\":\"3D printing revenue booms in Group Gorg\u00e9 Q3 2017 report - 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