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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: Nine-month revenue down -3.6%
Globenewswire· 2025-11-06 16:45
Core Insights - AKWEL has reported a consolidated revenue of €730.7 million for the first nine months of 2025, reflecting a decline of 3.6% compared to €757.7 million in the same period of 2024 [2][3]. Revenue Breakdown - Revenue for the first three quarters is detailed as follows: - Q1: €255.6 million, down 3.0% from €263.5 million in Q1 2024 - Q2: €255.0 million, down 3.9% from €265.3 million in Q2 2024 - Q3: €220.1 million, down 3.9% from €228.9 million in Q3 2024 - Total for nine months: €730.7 million, down 3.6% from €757.7 million in 2024 [3]. Geographic Revenue Distribution - Revenue by geographic area for the nine-month period is as follows: - EMEA: €491.3 million, down 1.6% - America: €214.8 million, down 6.7% - Asia: €24.6 million, down 13.6% [9]. Financial Position - As of September 30, 2025, AKWEL's consolidated net cash, excluding lease liabilities, stood at €168.9 million, an increase of €19.6 million compared to June 30, 2025. The company also had an investment envelope of €8.4 million for the quarter [4]. Future Outlook - The company anticipates a double-digit decline in consolidated revenue for 2026, primarily due to expected decreases in volumes of SCR tanks and delays in electric vehicle production programs [5].
AKWEL: PROBABLE NON-RECURRING CHARGE FOR FISCAL 2025
Globenewswire· 2025-05-16 15:45
Core Viewpoint - AKWEL is expected to incur a non-recurring charge of approximately -19 million euros for the fiscal year 2025 due to a customer agreement addressing quality issues related to SCR tanks, which resolves ongoing litigation [3]. Company Overview - AKWEL is a systems supplier to the automotive and truck industries, specializing in fluid management, mechanisms, and structural parts for electric vehicles [2][4]. - The company operates in 20 countries across five continents and employs around 8,600 people globally [5]. Financial Impact - The one-off charge of around -19 million euros will occur after reversing provisions already set aside for this purpose, although it may be partially mitigated by insurance coverage [3]. - AKWEL will provide further details once the amounts covered by its insurance partners are validated [3]. Future Communications - The next press release regarding first-half 2025 sales is scheduled for July 24, 2025, after the close of trading [4].