Prodways Group (PWG) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 revenue reached €15 million, up 4% on a comparable basis, driven by Systems division recovery.

• Revenue is lower than last year’s published figure due to scope changes, including business disposals.

Financial highlights

• Q3 2024 consolidated revenue: €14.7 million (current scope), up 4% year-over-year; published revenue down 7%.

• Nine-month 2024 revenue: €45.1 million (current scope), down 2% year-over-year; published revenue down 22%.

Outlook and guidance

• Positive revenue momentum expected to continue through year-end, especially in Systems.

• Guidance confirmed: full-year comparable revenue growth between 1% and 5%, with improved EBITDA margin.