Prodways Group announces a drop in revenue in the first quarter of 2024

The French group Prodways recorded a turnover of 16 million euros for the first quarter of 2024, marking a decrease compared to the previous year. This decrease mainly results from changes in accounting classification and scope. Compared to the current scope, revenues fell by around 1 million euros, a decrease of 7%.

In detail, the Systems division generated 7.1 million euros, in line with forecasts despite the refocusing of activities. Sales of MovingLight printers and 3D materials were positive, with two new printer acquisitions. Furthermore, the Software branch recorded a significant increase in its recurring revenues, linked to the adoption of the SaaS model.

The Products division brought in 8 million euros, with a mixed performance diversified by sector. Despite a weak start to the year, improvements were observed in March thanks to a restructuring of the sales organization. However, audiology revenues have declined due to organizational changes.

Prodways plans to continue this restructuring dynamic, anticipating an improvement in sales and profitability in accordance with its announcements at the start of the year.