Prodways shares plummeted on the Paris Bourse on Tuesday, with analysts citing a disguised warning following the publication of Q3 sales marked by a slowdown in activity in a context deemed "difficult".

At around 11:15 am, shares in the specialist in industrial and professional 3D printing were down by more than 15%, making it one of the biggest decliners on the Paris market.

The stock is now down by more than 63% since the start of the year.

The group, which supplies the medical sector in particular, said yesterday that the slowdown in its third-quarter business made it "uncertain" whether it would be able to achieve its targets for 2023.

As a reminder, the company had previously been aiming for sales growth of around 5% and a current operating margin (Ebitda) of around 8%.

In a reaction note, analysts at Invest Securities referred to "almost a new warning on 2023 results", recalling that the group had already significantly reduced its annual targets in mid-June.

In the 3rd quarter, Prodways sales fell by 8% to less than 16 million euros, penalized by weak printer deliveries, compounded by unfavorable economic conditions which impacted print-on-demand in particular.

Copyright (c) 2023 CercleFinance.com. All rights reserved.