Prodways Group announces its admission to the Enternext® PEA-PME 150 index and completion of the acquisition of Interson-Protac
- Admission to the Enternext® PEA-PME 150 index of Euronext Paris
Prodways Group (Euronext Paris: PWG), a specialist in industrial and professional 3D printing announces its admission to the Enternext® PEA-PME 150 index from Euronext Paris starting today.
The Enternext® PEA-PME 150 index encompasses French equities which are PEA-PME eligible. Larger than the CAC PME index, Enternext® PEA-PME 150 index comprises 150 small and mid-caps among the most liquid. The composition of the index is reviewed annually and its weighing is reviewed on a quarterly basis.
Prodways Group is pleased with this admission to this index particularly relevant for institutional and individual investors.
- Completion of the acquisition of Interson-Protac
Prodways Group announced today the completion of the operation announced on September 6th regarding the acquisition of a 75% stake of Interson-Protac , a leading French company that makes custom earmolds.
With this acquisition, Prodways Group strengthens the medical segment, which is a major growth area in the Products division. Like the prostheses developed by Prodways Group in the dental and podiatry sectors, audiology is being revolutionised by 3D printing. Interson-Protac currently uses 3D printing for 20% of its production, and its integration into Prodways Group will give it access to the most high-performance technologies so it can increase this proportion.
Interson-Protac will be consolidated within the Products division. This profitable business is expected to contribute at least €4 million to Prodways Group's revenues in 2018.
The acquisition of AvenAo Industrie, expert in the integration of 3D design and development applications announced on August 1st is progressing well and could finalize by November 15th.
- Next financial date:
Third quarter revenue released on 25 October2017
- About Prodways Group
PRODWAYS GROUP is a specialist in industrial and professional 3D printing with a unique positioning as an integrated European player. The group has developed right across the 3D printing value chain (machines, materials, parts & services) with a high value added technological industrial solution. PRODWAYS GROUP offers a wide range of 3D printing systems and premium composite, hybrid and powder materials (SYSTEMS division). The company also manufactures and markets parts on demand, prototypes and small production run 3D printed items in plastic and metal (PRODUCTS division). The Group targets a significant number of sectors, from aeronautics to healthcare.
In 2016, the company generated revenue of €25.2 million, including 58% outside of France. Building on revolutionary and proprietary technology, MOVINGLight®, PRODWAYS GROUP today has global visibility in the industrial 3D printing sector and with leading customers.
PRODWAYS GROUP is a Groupe Gorgé company.
For further information: www.prodways-group.com
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Releases from the Prodways Group may contain forward-looking declarations with statements of objectives. These forward-looking statements reflect the current expectations of the Prodways Group. Their realization, however, depends on known or unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ significantly from those previously anticipated. The risks and uncertainties that might affect the Group's future ability to achieve its targets are reiterated and presented in detail in our Basis Document available on the Prodways Group's website (www.prodways-bourse.com). This list of risks, uncertainties and other factors is not exhaustive. Other unanticipated, unknown or unpredictable factors may also have significant negative effects on the achievement of our objectives.
The current release and the information contained therein do not constitute an offer to sell or to subscribe, nor a solicitation for an order to purchase or subscribe to shares in Prodways Group or in any subsidiaries thereof listed in whatsoever country.
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