Prodways plunges nearly 20% under the weight of a reduction in its 2023 objectives, now targeting sales growth of around +5% and a recurring EBITDA margin of around 8% (versus 'around +10%' and 'around 12%' previously).

Prodways' recurring revenue base, which accounts for around 60% of sales, remains solid, but cannot compensate for the postponement of customer investments in new industrial projects, notably due to the tight financing environment", it explains.

In addition to operating leverage, the 3D printing specialist explains that its 2023 profitability is also impacted by the strengthening of its teams, which is being structured this year in order to achieve its five-year development plan.

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