Prodways Group SA

Prodways Group SA. Prodways Group SA is a France-based company engaged in the industrial machinery sector. The Company focuses its activities on the industrial three-dimensional (3D) printing market and more specifically on ''rapid manufacturing'' 3D printing for industrial series production. The Company designs, manufactures and sells products for various industries, including automotive, dental, molding, medical, jewelry and luxury, aerospace and defense, architectural and design, consumer products and academic and research. It offers its customers multi-technology, multi-application industrial solutions, 3D printing systems and a wide range of composite, hybrid and powder products. In addition, it also develops its own manufacturing for the podiatry (orthopaedic soles) and dentistry (orthodontic pieces and dental trays) markets that is sold directly to healthcare professionals. It operates through Avenao Industrie and Interson-Protac.
  • TickerA2DQ77
  • ISINFR0012613610
  • ExchangeEuronext Paris
  • SectorIndustrial Engineering
  • CountryFrance

Analysts

Aurelien Sivignon ...
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/28/2019

...

Aurelien Sivignon

Prodways Group : Solid Q4 publication but the 2019 sales guidance looks conservative – target price adjusted to € 4.6 vs € 5.1 and Buy rating reiterated

>Q4 sales up 49% y-o-y to € 19.4m (vs € 17.2m est.) - Yesterday evening, Prodways Group reported solid year-end revenues. Q4 showed growth of 49% y-o-y to € 19.4m, beating our forecast (€ 17.2m est.). Over the full year, sales grew 75% to € 60.9m, compared with our estimate of € 58.7m est. (+69%e y-o-y). Excluding scope effects from the integration of AvenAo, Varia 3D and Solidscape, we estimate that the group’s organic growth nonetheless exceeded 20% over the full ye...

Aurelien Sivignon ...
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 28/02/2019

...

Aurelien Sivignon

Prodways Group : Solide publication T4 mais la guidance de CA 2019 paraît conservatrice – OC ajusté à 4.6€ vs 5.1€ et recommandation Achat réitéré

>CA T4 en hausse de 49% yoy à 19.4 M€ (vs. 17.2 M€e) - Prodways Group a publié hier soir des revenus solides sur la fin d’année. Le T4 ressort en croissance de 49% yoy à 19.4 M€, supérieur à notre estimation (17.2 M€e). Sur l’ensemble de l’exercice, l’activité progresse de 75% à 60.9 M€, à comparer avec notre attente de 58.7M€e (+69%e yoy). Hors effets périmètres liés aux intégrations d’AvenAo, Varia 3D et Solidscape, nous estimons que la croissance organique du group...

Aurelien Sivignon

Prodways Group : Nouvelle acquisition dans le médical

>Acquisition d’un acteur majeur de la fabrication d’embouts auriculaires sur-mesure - Prodways annonce ce matin sa quatrième acquisition depuis son IPO (après Avenao Industrie, Interson Protac et plus récemment Solidscape) : le groupe technologique français spécialiste de l’impression 3D B2B a finalisé le rachat de 100% du capital de Surdifuse – L’Embout Français, l’un des principaux acteurs français de la fabrication d’embouts auriculaires sur-mesure (embouts modelab...

Aurelien Sivignon

Prodways Group : Solid Q4 publication but the 2019 sales guidance looks conservative – target price adjusted to € 4.6 vs € 5.1 and Buy rating reiterated

>Q4 sales up 49% y-o-y to € 19.4m (vs € 17.2m est.) - Yesterday evening, Prodways Group reported solid year-end revenues. Q4 showed growth of 49% y-o-y to € 19.4m, beating our forecast (€ 17.2m est.). Over the full year, sales grew 75% to € 60.9m, compared with our estimate of € 58.7m est. (+69%e y-o-y). Excluding scope effects from the integration of AvenAo, Varia 3D and Solidscape, we estimate that the group’s organic growth nonetheless exceeded 20% over the full ye...

Aurelien Sivignon

Prodways Group : Solide publication T4 mais la guidance de CA 2019 paraît conservatrice – OC ajusté à 4.6€ vs 5.1€ et recommandation Achat réitéré

>CA T4 en hausse de 49% yoy à 19.4 M€ (vs. 17.2 M€e) - Prodways Group a publié hier soir des revenus solides sur la fin d’année. Le T4 ressort en croissance de 49% yoy à 19.4 M€, supérieur à notre estimation (17.2 M€e). Sur l’ensemble de l’exercice, l’activité progresse de 75% à 60.9 M€, à comparer avec notre attente de 58.7M€e (+69%e yoy). Hors effets périmètres liés aux intégrations d’AvenAo, Varia 3D et Solidscape, nous estimons que la croissance organique du group...

Aurelien Sivignon

Prodways Group : Nouvelle acquisition dans le médical

>Acquisition d’un acteur majeur de la fabrication d’embouts auriculaires sur-mesure - Prodways annonce ce matin sa quatrième acquisition depuis son IPO (après Avenao Industrie, Interson Protac et plus récemment Solidscape) : le groupe technologique français spécialiste de l’impression 3D B2B a finalisé le rachat de 100% du capital de Surdifuse – L’Embout Français, l’un des principaux acteurs français de la fabrication d’embouts auriculaires sur-mesure (embouts modelab...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Harold De Decker
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Nicolas David

ODDO BHF Small & MIDCAP MORNING NEWS - 11/16/2018

Since the Berendsen deal, investors have doubted the group's capacity to pull off fresh M&A deals due to its relatively debt-saddled balance sheet (net debt/EBITDA at end-2018: 3.3x). That said, FCF is set to benefit from buoyant organic growth, synergies from recent acquisitions and a normalised capex budget from 2020. Cumulative FCF over 2019e-2020e is set to top € 500m, which should enable the group to seek further acquisitions in the medium term and improve its margins through syn...

Aurelien Sivignon

Prodways Group : Feedback from Formnext trade fair: 3D market gains in maturity

>Additive manufacturing gradually reaching maturity - We attended the Formnext trade fair in Frankfurt (13-16 November) last Wednesday (14 November), in the context of a visit with German investors. We had the opportunity to visit Prodways' stand in the company of its CEO, who reviewed the main solutions offered by the group, including a presentation of Solidscape's 3D printers.Formnext, one of the main events dedicated to 3D printing, is already in its fourth ed...

A director sold 7,885 shares at 5.000EUR and

A director at Prodways Group sold 7,885 shares at 5.000EUR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Aurelien Sivignon ...
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/28/2019

...

Aurelien Sivignon ...
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 28/02/2019

...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Michael Foundoukidis
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/26/2018 Date Performance since listing Date Performance since listing

...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Michael Foundoukidis
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 26/10/2018

...

Aurelien Sivignon ...
  • Harold De Decker

ODDO BHF Small & MIDCAP MORNING NEWS - 09/17/2018

We believe the insurance sector will continue to generate positive earnings momentum based on improving technical profits, gradual interest rate hikes and ongoing share buybacks. In light of these considerations the sector valuation seems undemanding and we expect a decrease in the cost of capital applied to the sector. Our Top Picks are AXA, Generali, Munich Re and Talanx. Cf report published. - ...

Jehanne Leroy

Proxy Report - 13/06/2018

La présente assemblée est la première depuis la cotation en bourse de la société le 12 mai 2017. Suite à son introduction en bourse la société a intégré de nouveaux administrateurs, cependant le taux d'indépendance du conseil reste encore faible avec seulement 40% de membres indépendants d'après Proxinvest. Ensuite Proxinvest regrette que la société ait mise en place le droit de vote double pour les actionnaires inscrits au nominatif depuis plus de deux années. Enfin Proxinvest regrette que la société n'ait pas dissocié les fonctions de Président du Conseil et de Directeur Général.

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