GroupeGorgé法国工业工程组织和3D打印机制造商和服务提供商的母公司Prodways Group, has reported its financial earnings for the second quarter of 2020.
在截至2020年6月30日的三个月中，GroupeGorgé的合并收入为4,950万欧元。与2019年GroupeGorgé的收入为7640万欧元相比，这一数字下降了35.2％。在2020年上半年，该公司的总收入总额为1.08亿欧元，下降了20.2％，而2019年上半年的总收入为1.354欧元。
GroupeGorgéattributed its reduced revenue to a fall in demand within its aerospace business, caused by the effects of the COVID-19 pandemic. The wider aerospace sector has been hit hard by the global outbreak, with GE Aviation cutting 25% of its workforce in May and Boeing’s recent Q2 numbers showing a similar percentage drop in revenue.
Since the outbreak began, Groupe Gorgé has made cost savings and reduced production output in a bid to mitigate losses caused by the business slowdown. While the Group has not ruled out further investment for the rest of the year, it has committed to review its COVID-related losses via an “in-depth review” of its finances.
GroupeGorgé财务业绩
Revenue at Groupe Gorgé is reported across three main segments: Smart Safety Systems, Protection of High-Risk Installations, and 3D printing. Smart Safety Systems, which relates to the group’s provision of robotics, aerospace, and simulation products for the defense and industrial sectors, contributes the largest share of the company’s consolidated revenue.
在最近的财务中，智能安全系统的收入为2050万欧元，比2019年第二季度报告的3590万欧元降低了42.8％。总体而言，智能安全系统的总收入为4310万欧元，总收入为4310万欧元。去年同期报告的5710万欧元的5710万欧元减少了24.5％。
| （以百万欧元为单位） | 2019年第2季度 | Q2 2020 | 改变 （％） |
| Smart Safety Systems | 35.9 | 20.5 | -42.8 |
| Protection of High-Risk Installations | 22.9 | 17.8 | -22.5 |
| 3D Printing | 17.9 | 11.4 | -36.5 |
GroupeGorgéhas attributed its revenue decline to the pandemic’s effect on its aerospace business. Introducing health measures impacted its “production and project execution” according to the company, and its robotics sector was particularly affected, declining by 18.9 percent in H1 2020. Groupe Gorgé’s robotics business had been its saving grace in the first quarter, reporting a 12.8 percent rise in revenue, but that too is now turning a loss.
The company’s 3D printing division revenue was €11.4 million for Q2 2020, a 36.5 percent drop compared to the €17.9 million reported in Q2 2019. In H1 2020, Groupe Gorgé’s 3D printing segment recorded €26.8 million in revenue, a 24 percent reduction on the €35.3 million earned the previous year. According to the Group, the total shutdown of practitioners’ offices during the COVID-19 lockdown also adversely affected its 3D printing business.
| （以百万欧元为单位） | H1 2019 | H2 2020 | 改变 （％） |
| Smart Safety Systems | 57.1 | 43.1 | -24.5 |
| Protection of High-Risk Installations | 43.5 | 38.5 | -11.5 |
| 3D Printing | 35.3 | 26.8 | -24 |
When Q1 results were released in April, the Western European lockdown had only just begun, but since then many medical practices have been forced to close. As a result, the closures have been particularly damaging to Groupe Gorgé’s strong audiology and dental revenue stream. What’s more, while the company’s revenues dropped 11 percent in the first quarter, its income from materials had risen by 25 percent, driven by its increased install base. Now the growth of Groupe Gorgé’s flourishing materials business has also been stunted by the economic uncertainty caused by the pandemic.
Prodways also posts revenue losses
在最新财务业绩发布之前，GroupeGorgé的增长似乎对大流行的敌对商业环境有弹性。在2020年第1季度the company’s consolidated revenue was at -0.4 percent overall, and in 2019 it reported a net profit of €23.1 million. The company’s 3D Printing business, in particular, handled by its subsidiary Prodways, experienced strong activity in H1 2019, influenced by the distribution of itsSolidWorks软件.
Now Prodways has also seen its growth halted, announcing a loss of revenue in its Q2 results. For the three months ending June 30, 2020, Prodways generated revenue of €11.4 million, down 36.5 percent from the €17.9 million earned in the same period last year. The drop in income was due to a decline in both the company’s products and systems sales which fell by 30.4 percent and 20.9 percent respectively during Q2 2020.
公司能够安全的重大合同supply liquid resins to two European dental specialists during Q1 2020. According to Prodways, both these firms were expected to use several dozens of tonnes of materials once their production cycles had stabilized, but the adverse economic climate has prevented this from happening.
Despite this loss of revenue, the company did report business growth in its medical activities for the month of June, indicating signs of a recovery. Prodways’ software distribution activity also remains strong, having signed its biggest ever contract ever during the second quarter.Solidscape, a Prodways’ subsidiary, agreed two new deals to equip customers in the jewelry sector with several dozen machines. As a result, the company is “confident in its business model and the long-term opportunities in its markets.”
Dealing with the pandemic and Q3 2020
GroupeGorgé在与第二季度的数字一起发表的声明中表达了对其在2020年下半年的前景的信心，并“期望收入恢复”。此外，尽管该公司对流行病造成的持续不确定性“仍然保持谨慎”，但它认为其市场是多元化的，而不是最严重的成功。
尽管COVID-19限制尤其影响了其航空业务（占其总收入的百分之十），但该业务表示，它已经具有“强大的动力”，可以进行第三季度的恢复。GroupeGorgé子公司ECA Group,for instance, is expecting to sign an export contract worth more than €20 million in Q3 2020, for the supply of unmanned mine warfare systems.
Nearly fifty percent of the business’ workforce was placed on reduced working hours during the pandemic, in an attempt to minimize its overheads. Further cost savings and production adjustment initiatives are also planned, in order to mitigate the economic downturn caused by the pandemic. Nonetheless, the company has made it clear that its upcoming review into the pandemic’s consequences won’t affect its cash flow.
该业务仍然处于稳定的财务状况，拥有超过8000万欧元的流动资本，并提供了3000万欧元的确认信用额度。截至2020年6月30日，GroupeGorgé's的积压为6.17亿欧元，在2019年6月30日报道的6.402亿欧元中略有下降。
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Featured image shows the Prodways ProMaker P1000 X 3D printer on display at Formnext 2019. Photo via Prodways.
