AKWEL: TURNOVER OF €528.8M IN THE FIRST HALF OF 2024
/EIN News/ -- Champfromier, Thursday, July 25, 2024
TURNOVER OF €528.8M IN THE FIRST HALF OF 2024
- Turnover down -2.8% at constant scope and exchange rates
- Net cash position of €115.1M on June 30, 2024
AKWEL (FR0000053027, AKW, PEA-eligible), parts and systems manufacturer for the automotive and heavy-vehicle industry, specialist in fluid management, mechanisms and E-powertrain parts, has recorded, over the first half of 2024, a consolidated turnover of €528.8M, down -3.1% compared to the first half of 2023.
Consolidated turnover (from January 1 to June 30, 2024)
| in €m — unaudited | 2024 | 2023 | Variation | PCC variation (1) |
| 1st quarter | 263.5 | 274.6 | -4.0% | -3.3% |
| 2nd quarter | 265.3 | 271.2 | -2.2% | -2.2% |
| 1st half | 528.8 | 545.8 | -3.1% | -2.8% |
(1) At constant scope and exchange rates
Over the first half of the year, AKWEL turnover at constant scope and exchange rates decreased by -2.8%, with a foreign exchange impact of -€2.0M.
The turnover is distributed by geographic production area as follows:
- France: €132.8M (-13.5%)
- Europe (excluding France) and Africa: €157.1M (-1.6%)
- North America: €158.7M (+4.4%)
- Asia and the Middle East (including Türkiye): €78.8M (+0.5%)
- South America: €1.5M (-36.6%)
Cooling activity remains the main contributor (+0.4%), followed by Decontamination product lines (-20.5%), whose decline explains the sharper decline in activity in France, Mechanisms (-6.8%), Fuel (-1.2%) and Air (+8.7%)..
After disbursement of the dividend, the company reached a consolidated net cash position of €115.1M on June 30, 2024, excluding lease liabilities, with €30.3M of investments made during the six-month period.
Taking into account the activity recorded in the first half of the year and the outlook to date for global automotive production for the full year of 2024, AKWEL expects its turnover to remain stable for the current financial year.
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An independent family business, trading on Euronext Paris, AKWEL is a parts and systems manufacturer for the automotive and heavy-vehicle industry, and a specialist in fluid management, mechanisms and structural parts for electric vehicles. The Group achieves this with their first-rate industrial and technological know-how in mastering the application and processing of materials (plastic, rubber, metal) and mechatronic integration. Operating in 20 countries across 5 continents, AKWEL employs 9,600 people worldwide. Euronext Paris — Sub-fund B — ISIN: FR0000053027 — Reuters: AKW.PA — Bloomberg: AKW:FP |
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