on PRODWAYS (EPA:PWG)
Prodways: moderate growth in the third quarter of 2024
Prodways Group announces revenue of €15 million for the third quarter of 2024, marking a 4% increase on a comparable basis. This increase is mainly attributed to the Systems division, although overall revenue is lower than the previous year due to changes in scope. Consolidated revenue stands at €14.7 million, up 4% on a comparable basis, but down 7% according to the published IFRS.
The Systems division is growing by 4% with €7.6 million in revenue. Materials sales are down slightly, while the Software branch is up 10%. In the Products division, growth is being driven by orders from a major German customer in the automotive sector.
Prodways plans to continue this positive momentum at the end of the year, with an annual growth forecast of between 1% and 5%.
R. H.
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