Brief: Prodways Group SA Lowers Its 2023 Guideline

Prodways SA

15/06/2023 05:52

June 14 (Reuters) - Prodways Group SA  PWG.PA :
    
    * LOWERS 2023 GUIDELINE
    * OUTLOOK 2023: REVENUE GROWTH OF ABOUT 5% Y/Y
    * DOWNWARD REVISION OF REVENUE GUIDANCE MECHANICALLY LOWERS
GUIDANCE FOR CURRENT EBITDA MARGIN IN 2023
    * AS A RESULT, DELIVERIES OF NEW 3D PRINTERS, AS WELL AS
SALES OF
MATERIALS ASSOCIATED WITH THESE NEW PRINTERS, HAVE BEEN REVISED
DOWNWARDS FOR 2023.
    * LEVEL OF PRINTER ORDERS HAS ALSO BEEN PENALIZED BY
CONCENTRATION
OF SALES EFFORTS ON KEY ACCOUNTS.
    * PROFITABILITY IN 2023 IS ALSO IMPACTED BY STRENGTHENING OF
PRODWAYS' TEAMS IN ORDER TO ACHIEVE ITS 5-YEAR DEVELOPMENT PLAN
    * SOME RECRUITMENTS HAVE BEEN MADE AHEAD OF SCHEDULE,
ENABLING NEW
TEAM MEMBERS TO BE INTEGRATED INTO DEVELOPMENT PLAN MORE
QUICKLY, BUT GENERATING ADDITIONAL COSTS IN 2023

Source text for Eikon:  ID:nACT80433 
Further company coverage:  PWG.PA 

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