AKWEL: NET INCOME OF €13.6M IN THE FIRST HALF OF 2025

Core Insights - AKWEL reported a net income of €13.6 million for the first half of 2025, a decrease of 32.9% compared to €20.2 million in the same period of 2024 [3][4]. Financial Performance - The consolidated revenue for the first half of 2025 was €510.6 million, down 3.4% from €528.8 million in the first half of 2024 [3]. - EBITDA significantly dropped to €6.5 million, reflecting an 86.8% decline from €49.2 million year-over-year [3]. - Current operating income increased by 14.1% to €27.8 million, with a current operating margin of 5.4%, up 0.8 percentage points from 4.6% [3]. - Operating income decreased by 7.4% to €26.8 million [3]. - Financial income turned negative at -€1.9 million, compared to zero in the previous year [3]. - The net margin fell to 2.7%, down 1.2 percentage points from 3.8% [3]. Operational Insights - The company improved operational performance in its factories, particularly through effective salary cost management [4]. - Ongoing customer disputes regarding SCR tanks negatively impacted results, leading to an external cost impact of €52.5 million [4]. - Current operating income was partially supported by reversals of provisions amounting to €32.8 million [4]. Cash Position and Strategic Focus - As of June 30, 2025, the net cash position, including lease liabilities, was €139.2 million, an increase from €133.4 million at the end of 2024 [5]. - AKWEL's activities with strategic customers showed resilience, aided by the postponement of SCR tank production shutdown to 2026 [5]. - The company remains focused on strategic priorities, including product development for electric vehicles, optimizing operational performance, and fulfilling CSR commitments [6]. Company Overview - AKWEL is an independent family business listed on Euronext Paris, specializing in parts and systems for the automotive and heavy-vehicle industry, particularly in fluid management and structural parts for electric vehicles [7]. - The company operates in 20 countries across five continents and employs approximately 8,600 people globally [8].