Prodways Group, an organization specializing in industrial {and professional} 3D printing, is discontinuing its line of small printers for jewellery casting. In line with the corporate, the disappointing efficiency in 2023, primarily as a consequence of weak equipment gross sales, has led the group to take measures to rapidly enhance its outcomes.
Prodways Group stays a key participant within the international 3D printing scene, each technologically and by way of monetary profitability, and this determination is anticipated to strengthen this place by permitting the group to give attention to the phase of huge industrial printers.
For a number of years, the corporate has been advertising small printers for the high-end jewellery sector below the Solidscape model. The gross sales of those small printers – with a unit worth of roughly €15k – in addition to the related supplies and companies, reportedly generated a turnover of round €5 million in 2023, and a major working loss. The cessation of this exercise is due to this fact anticipated to have a optimistic structural influence on Prodways’ profitability.
Though the marketplace for 3D printing within the jewellery trade continues to be rising, the weak efficiency of those programs final yr has led the group to reassess the efforts wanted to show round this small printer enterprise, particularly as compared with the prospects for industrial printers. Prodways Group will shift focus from jewellery to giant high-value-added printers and related supplies, particularly the MovingLight vary – a phase with extra room for development and the next profitability profile. The corporate additionally advantages from its positioning in current markets, such because the medical sector, and will generate alternatives by means of new industrial purposes for sectors resembling aeronautics.
The shutdown of the jewellery exercise ought to be finalized by the top of summer season 2024. The influence within the 2023 monetary statements is at the moment estimated at round €15 million in depreciation (non-cash influence), with the determine being finalized through the ongoing consolidation of the 2023 monetary statements. In 2024, the prices associated to this shutdown are anticipated to signify simply over €1 million, primarily within the first half of the yr.
