{"id":68707,"date":"2019-07-29T13:13:47","date_gmt":"2019-07-29T05:13:47","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/groupe-gorge-3d-printing-revenue-up-18-for-first-half-of-2017.3dm"},"modified":"2019-07-29T13:13:47","modified_gmt":"2019-07-29T05:13:47","slug":"groupe-gorge-3d-printing-revenue-up-18-for-first-half-of-2017","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/groupe-gorge-3d-printing-revenue-up-18-for-first-half-of-2017\/","title":{"rendered":"Groupe Gorg\u00e9 3D Printing revenue up 18% for first half of 2017"},"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\">193<\/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\">169<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">23<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">1<\/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><span style=\"font-weight: 400;\">Groupe Gorg\u00e9<\/span><span style=\"font-weight: 400;\"> has reported numbers for the first half of the year. The French company runs several divisions focused on high technology, of these 3D printing is the best performer according to the latest financial data. This continues <\/span><span style=\"font-weight: 400;\">a trend of increasing revenue from 3D printing<\/span><span style=\"font-weight: 400;\"> at the company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Total revenue for the first 6 months of the reporting period was \u20ac136.7 million. This is a decrease of 3.6% compared with the first half of 2016. The 3D printing division reported an 18.2% increase with  \u20ac14.6 million of revenue recorded.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, this increase was offset by a decline in the Protection of High Risk Installations division, the company account for this decline saying the figure was, \u201caffected by a particularly high comparison basis.\u201d<\/span><\/p>\n<figure id=\"attachment_119280\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-119280\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Groupe-Gorge-H1-Q2-2017-revenue-statement.-1024x441.png\" alt=\"Groupe Gorge H1 Q2 2017 revenue statement.\" width=\"1024\" height=\"441\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Groupe-Gorge-H1-Q2-2017-revenue-statement.-1024x441.png 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Groupe-Gorge-H1-Q2-2017-revenue-statement.-770x331.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Groupe-Gorge-H1-Q2-2017-revenue-statement.-200x86.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Groupe-Gorge-H1-Q2-2017-revenue-statement.-500x215.png 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Groupe Gorge H1 Q2 2017 revenue statement.<\/figcaption><\/figure>\n<p><strong>Perfecting reliability<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Regarding today\u2019s numbers Groupe Gorg\u00e9 says, \u201cThe Systems business, stable compared to the first half of 2016, sales of the new ProMaker P1000 machine contributed only \u20ac0.5 million as marketing was slowed down in order to perfect its reliability. At the same time, the Products business, up 50.5% in the first half of 2017, made significant progress enabling to achieve a  growth markedly greater than the majority of listed players in the sector.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> at <\/span><span style=\"font-weight: 400;\">Groupe Gorg\u00e9 began <\/span><span style=\"font-weight: 400;\">in 2013 when the group bought Phidias, now Prodways, further expansion came with the acquisition of Deltamed in 2014, Initial, Norge Systems and Exeltec in 2015.<\/span><\/p>\n<figure id=\"attachment_97693\" style=\"width: 591px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-97693\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Prodways-e1478000473229.jpg\" alt=\"Prodways subsidiary of Groupe Gorg\u00e9 Image via: Prodways on Twitter\" width=\"591\" height=\"371\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Prodways-e1478000473229.jpg 591w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Prodways-e1478000473229-200x126.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Prodways-e1478000473229-500x314.jpg 500w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><figcaption class=\"wp-caption-text\">Groupe Gorg\u00e9 work in several high-tech industries. Image via: Prodways on Twitter<\/figcaption><\/figure>\n<p><strong>Prodways IPO raises \u20ac50.7 million<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">During the reporting period Groupe Gorg\u00e9 also held a successful IPO for Prodways &#8211; <\/span><span style=\"font-weight: 400;\">raising <\/span><span style=\"font-weight: 400;\">\u20ac50.7 million<\/span><span style=\"font-weight: 400;\"> and listing on the Euronext Paris stock exchange in May 2017. Prodways\u2019 share price initially rose to over <\/span><span style=\"font-weight: 400;\">\u20ac7, and is currently trading marginally below launch price at \u20ac5.12.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Groupe Gorg\u00e9 say, \u201cThe division continued to expand its offer with the announcement of its new Rapid Additive Forging technology for 3D printing of large metal parts and of its new generation of 3D printers, ProMaker LD series, dedicated to the dental industry.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With today\u2019s announcement Groupe Gorg\u00e9 has reconfirmed its objective of consolidated revenue close to \u20ac300 million in 2017.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">For all the latest 3D printing industry news, <\/span><\/i><i><span style=\"font-weight: 400;\">subscribe to our free newsletter<\/span><\/i><i><span style=\"font-weight: 400;\"> and follow our <\/span><\/i><i><span style=\"font-weight: 400;\">active social media accounts<\/span><\/i><i><span style=\"font-weight: 400;\">.<br \/>\n<\/span><\/i><br \/>\n<i><span style=\"font-weight: 400;\">If you\u2019re looking for a job in the 3D printing industry, you can sign up now for our <\/span><\/i><i><span style=\"font-weight: 400;\"><a href=\"\/service\/3d-printing\"> Jobs<\/span><\/i><i><span style=\"font-weight: 400;\"> service.<\/span><\/i><\/p>\n<p><em>Featured image shows the Prodways ProMaker L5000. Photo by Michael Petch.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>193shares 169 23 1 Groupe Gorg\u00e9 has reported numbers for the first half of the year. The French company runs several divisions focused on high technology, of these 3D printing is the best performer according to the latest financial data. This continues a trend of increasing revenue from 3D printing at the company. Total revenue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182660,"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\/07\/Groupe-Gorge-H1-Q2-2017-revenue-statement.-1024x441.png","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68707","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>Groupe Gorg\u00e9 3D Printing revenue up 18% for first half of 2017 - FacFox News<\/title>\n<meta name=\"description\" content=\"193shares169231Groupe Gorg\u00e9 has reported numbers for the first half of the year. 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