Prodways Group Reports Dip in H1 2024 Revenue

Prodways Group SA (FR:PWG) has released an update.

Prodways Group SA reported a €31M turnover for H1 2024, marking a decline due to reclassification under IFRS 15 and other scope changes, with revenues down by €1.4M (-4%) on a comparable basis. Despite this, the company saw an 8% EBITDA margin, a 4-point improvement over H2 2023. The Systems division maintained stable revenue, while the Products division faced a €1.5M drop, anticipating a rebound following organizational changes.

For further insights into FR:PWG stock, check out TipRanks’ Stock Analysis page.