Prodways Group (PWG) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 revenue reached €14.5 million, down €0.7 million or -4.5% year-over-year on a comparable basis.

• Revenue decline mainly due to lower 3D printed parts sales to German industrial customers and prior-year divestitures.

• Profitability improved with higher margins at the start of 2025 compared to 2024.

Financial highlights

• Consolidated Q1 2025 revenue: €14.5 million, down from €16.0 million in Q1 2024.

• Systems division revenue: €7.1 million, stable year-over-year on a comparable basis.

• Products division revenue: €7.4 million, down €0.8 million year-over-year on a comparable basis.

• Revenue decline in Products division mainly from Digital Manufacturing in Germany (-€0.6 million).

Outlook and guidance

• 2025 objectives remain: stable or slightly increasing revenue and improved current EBITDA rate.

• Revenue decline in Q1 does not currently affect full-year guidance; objectives may be revised based on customer activity and economic context.

• Limited exposure to US market means customs tariffs are not expected to impact results.