Automotive market revenue decline

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AKWEL: TURNOVER FOR THE FIRST QUARTER OF 2025
Globenewswire· 2025-04-30 15:45
Core Points - AKWEL reported a consolidated turnover of €255.6 million for Q1 2025, reflecting a decrease of 3.0% compared to €263.5 million in Q1 2024 [2][3] - The decline in revenue was attributed to a global decrease in automotive production, particularly in key manufacturing countries, with a reported decline of 4.0% at constant scope and exchange rates [3][6] - The company’s net cash position at the end of March 2025 was €149.6 million, an increase of €4.6 million from December 31, 2024, with investments amounting to €8.6 million in Q1 2025 [5][6] Turnover Distribution - The turnover for Products and Functions was €247.8 million, down 3.3%, with growth in Decontamination (+10.4%) and Cooling (+4.5%) product lines, while Air (-27.1%), Mechanisms (-8.7%), and Fuel (-2.7%) lines saw declines [4][6] - Geographic distribution of turnover showed EMEA at €170.7 million (-3.8%), Americas at €76.4 million (-1.9%), and Asia at €8.5 million (+2.8%) [7] Future Outlook - The company anticipates a revenue decrease in 2025 comparable to the previous year, citing limited visibility in the automotive market [6]