Prodways: share price down slightly after half-year results

(CercleFinance.com) - Prodways, a specialist in industrial and professional 3D printing, was down slightly on Thursday's trading on the Paris stock exchange, following the publication of sharply lower half-year results.


The group reported sales of 31 million euros, down 38%, although revenues were down only 4% on a like-for-like basis.

Recurring Ebitda came to 2.5 million euros, representing an 8% margin, an improvement of four percentage points compared with the second half of 2023, but still below the company's ambitions.

The company, which says it is continuing to roll out measures to improve sales momentum and profitability, continues to target sales growth in the range of 1% to 5% on a comparable basis this year, as well as an improvement in its recurring Ebitda rate.

In a reaction note, TP ICAP Midcap's analysts refer to "improved margins, while awaiting growth", leading them to maintain their "hold" recommendation with a target of 0.7 euros.

"While results are still logically downgraded given the lack of volume, margins are nonetheless improving compared with the low point of the second half of 2023, thanks to disposals and cost-cutting measures", they stress.

The outlook is confirmed, and the challenge will now be to return to growth", adds the brokerage firm.

Following this publication, the share price fell by around 0.2% on Thursday on the Paris Bourse.

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