Brief: Prodways Group Refocuses Printers Activity On Industrial Segment

Prodways SA

22/01/2024 06:04

Jan 22 (Reuters) - Prodways Group SA  PWG.PA :
    * PRODWAYS GROUP REFOCUSES ITS PRINTERS ACTIVITY ON
INDUSTRIAL
SEGMENT AND DISCONTINUES ITS SMALL PRINTERS BUSINESS FOR
JEWELLERY MARKET
    * IMPACT IN 2023 FINANCIAL STATEMENTS IS ESTIMATED AT THIS
STAGE
AT AROUND EUR15 MILLION IN DEPRECIATION (NON-CASH IMPACT)
    * THE SHUTDOWN OF THE JEWELLERY ACTIVITY IS BEING
IMPLEMENTED NOW
AND SHOULD BE FINALIZED BY THE END OF  SUMMER 2024
    * IN 2024, COSTS RELATED TO SHUTDOWN ARE EXPECTED TO
REPRESENT 
JUST OVER €1 MILLION, MAINLY IN H1
    * IS ALREADY INDICATING SIGNIFICANT CHANGES IN THE
RECOGNITION OF
REVENUES FROM THE SOFTWARE  BUSINESS.
    * REFOCUSING OF PRINTERS BUSINESS WILL HAVE POSITIVE IMPACT
ON 
PROFITABILITY AND CASH GENERATION STARTING FROM H2 2024

Source text for Eikon:  ID:nACT83796 
Further company coverage:  PWG.PA 

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