Groupe Gorgé reports strong growth in 3D printing at the end of FY 2017

Groupe Gorgé (EPA:GOE) has released revenue data for the full year 2017, reporting strong growth in Q4 for its 3D printing division Prodways (EPA:PWG).

For the year ending December 31 2017, headline consolidated revenue is €276.7 million for all business segments combined, a 1.6% decrease on the 2016 figure. Of that total, the 3D Printing segment accounted for €34.8 million for the full year, up by 38.1% on FY 2016.

Prodways 3D printing 

Prodways revenue for 3D Printing is split in two segments: Systems and Products.

Systems encompasses the company’s 3D printers, materials and software, including the plastic laser sintering systems, plastic DLP® MovingLIGHT® systems and ceramic DLP.

Products, on the other hand, accounts for end-use 3D printed products sold by company, such as Scientifeet® custom 3D printed insoles that were commercially launched in June 2017.

3D printing Systems performance

Total reported revenue from the 3D Printing division in Q4 2017 was €13.0 million “a sharp increase of 74.3% compared to the same period in 2016.” Of this reported total, Prodways 3D printer Systems account for the strongest growth of the two 3D printing segments, up by €3.8 million to a total reported revenue of €7.3 million for Q4 2017. For the same period in 2016, Systems revenue was reported at €3.5 million.

Strong material sales led Systems’ performance, as machine sales fell compared the last quarter of 2016. Comparatively, Prodways materials customer sales rose by 74% on the quarter and 51% on the financial year.

The Systems segment also benefitted from the acquisition of AvenAo Industrie, a French industrial software solutions and 3D integration specialist, that exceeded expectations for Q4 2017.

3D printed Products performance

Prodways’ 3D printed Products revenue was up €1.7 million in Q4 2017, to a reported revenue of €5.7 million. For the full year 2017, Products revenue was reported at €17.8 million, a 46.7% increase on FY 2016’s $12.2 million reported revenue.

The medical market is a particular asset to this growth, and was supported by Prodways acquiring a 75% stake in French medical device manufacturer Interson-Protac, that specializes in making 3D printed hearing aid tips and made-to-measure ear protectors.

Interson-Protac's Pianissimo - custom made ear protection for musicians. Photo via Interson-Protac
Interson-Protac’s Pianissimo – custom made ear protection for musicians. Photo via Interson-Protac

Full year results

Groupe Gorgé’s full financial results for 2017 will be published on Tuesday 3 April 2018. Raphaël Gorgé, Groupe Gorgé Chairman and CEO, and Loïc Le Berre, Deputy CEO and Group CFO, will be holding a conference call discussing the results at 11:00am (CET).

Groupe Gorgé is aiming for adjusted revenue between €285 and €295 million in 2018. Reported revenues for all 3 divisions of Groupe Gorgé in Q4 and FY 2017 can be viewed in the chart below.

Table of reported revenues for Groupe Gorgé in Q4 and FY 2017. Image via Groupe Gorgé
Table of reported revenues for Groupe Gorgé in Q4 and FY 2017. Image via Groupe Gorgé

This year may also see further development of the company’s Rapid Additive Forging (RAF) metal 3D printing technology.

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Does Groupe Gorgé’s 3D printing performance mark it out as one of the top companies to watch this year? Make your nominations for the 2018 3D Printing Awards now before the close next week. 

Protolabs is sponsoring the 2018 3D Printing Industry Awards design competition. Submit your design and be in with a chance of attending this year’s annual dinner. 

Featured image shows 3D printed products from Prodways. Image via Prodways