Akwel: Nine-Month Revenue Down -3.6%

Core Insights - AKWEL reported a consolidated revenue of €730.7 million for the first nine months of 2025, reflecting a decline of 3.6% compared to the same period in 2024 [2][4] Revenue Performance - The quarterly revenue breakdown shows a consistent decline: Q1 at €255.6 million (-3.0%), Q2 at €255.0 million (-3.9%), and Q3 at €220.1 million (-3.9%) [3][4] - The total revenue for the first nine months was €730.7 million, with a constant scope and exchange rate decline of 3.0% [3][4] Geographic Revenue Distribution - Revenue distribution by region indicates a decline in the Americas (-6.7% to €214.8 million) and Asia (-13.6% to €24.6 million), while EMEA saw a slight decrease of 1.6% to €491.3 million [9] Product Line Performance - Revenue for Products and Functions decreased by 1.4% to €712.6 million, with growth in Cooling (+1.6%), Decontamination (+7.0%), Fuel (+5.1%), and Oil (+5.7%), while Air (-19.1%), Mechanisms (-4.7%), and Control (-5.5%) faced declines [5] Financial Position - The consolidated net cash position was €168.9 million as of September 30, 2025, an increase of €19.6 million from June 30, 2025, after accounting for an investment of €8.4 million in the quarter [6] Future Outlook - The company anticipates a double-digit decline in consolidated revenue for 2026, primarily due to expected decreases in SCR tank volumes and a negative outlook across all product lines [8][11] - Challenges include market depression, slow electric vehicle development, and competitive pressures, particularly from Chinese manufacturers [11]