Change in the General Management of Prodways Group

Prodways Group announces a transition within its General Management. Michaël Ohana, current General Manager, will leave his position on January 3, 2025, after a transition period in December 2024. He will be replaced by Laurent Cardin, former CFO of the group since 2020. Cardin is recognized for his experience in financial functions in large French companies and for his contribution to the transformation of FDG, an intermediate company.

This appointment comes in a context of persistent challenges in the 3D printing market. The Board of Directors is planning a new strategic direction to address developments in the sector. Prodways, despite its weak stock market performance, is maintaining a diversification strategy that ensures significant profitability. The new CEO will be tasked with consolidating the sustainability of the activities and increasing their value. The group is aiming for an improvement in its EBITDA margin and positive free cash flow for 2024.