Declining sales at Prodways: 3D printing specialist in upheaval

French 3D printing manufacturer Prodways has published its quarterly figures for Q1 2024. Despite a 26% year-on-year decline in sales to 16 million euros, the company believes it is on track for the realignment it has initiated.

The focus is on expanding the industrial 3D printing business with high-performance systems and software solutions. To this end, Prodways has disposed of less profitable areas such as small jewelry printers. This restructuring phase initially led to a 36% drop in sales in the Systems segment. However, initial successes confirm the new course: Prodways sold two new MovingLight DLP industrial printers to customers in orthodontics and dental technology.

“The pipeline of serious sales opportunities is increasingly filling up,” says the quarterly report with a view to the more lucrative industrial business. The software division is also picking up there, boosted by the switch to a SaaS model.

However, the company is still undergoing change. Restructuring in the production sector initially clouded the figures. The hearing aid segment reported a slight decline in sales as a result of organizational changes. According to Prodways, improvement is in sight from the second quarter.

In order to increase transparency, Prodways adapted its accounting to IFRS accounting standards. Against this backdrop, the company’s management expects further sales growth and an improvement in the operating margin in 2024.