Earnings release
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PRODWAYS GROUP Paris , 28 April 2021 , 19:15 pm Activity of the 1st quarter 2021 : strong revenue growth in both divisions and change in the governance Revenues of the 1st quarter 2021 : strong growth of + 7.4 % Prodways Group recorded a good quarter with consolidated revenues of nearly € 17 million . The group is thus continuing its growth trajectory thanks to a good performance by its two divisions , Systems and Products . ( in € million ) Systems Products Q1 2020 9.8 Q1 2021 Change ( % ) 10.4 + 6.1 % 5.6 6.2 + 9.5 % Structure & intra - group eliminations 0.0 Consolidated revenue 15.5 0.0 n.a. 16.6 + 7.4 % The Systems division - which includes 3D software , 3D printers and related materials and services - achieved revenues of more than € 10 million , thus erasing the impact of the health crisis in 2020. This performance is notably due to the dynamic sales of software and materials , which both generated record revenues for a 1st quarter . The increase in Software revenues is the direct result of Prodways ' strengthened expertise in this area since 2018 , with the group now asserting itself as a leading integrator of 3D modelling software for the industry . Recurring revenues from the Materials business have been growing steadily for several years , benefiting from the increase in the installed base of printers and the increase in production capacity last year . The Products division - which includes the design and manufacture of on - demand parts and medical applications - recorded sales of € 6.2 million , up nearly 10 % . This increase is mainly due to the very dynamic recovery of medical activities ( + 23 % compared to the first quarter 2020 ) , which had stopped in mid - March last year . In particular , 3D printing applications in the field of audiology have been very successful , with a record first quarter ( up 27 % compared to 2020 ) . This performance thus rewards the strategic directions taken in 2018 to create the French leader and one of the European leaders in customized earmolds . 1