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Akwel: Nine-Month Revenue Down -3.6%
Globenewswire· 2025-11-06 16:45
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]
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]