{"id":50144,"date":"2021-09-24T06:23:41","date_gmt":"2021-09-24T06:23:41","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=79376"},"modified":"2021-09-24T06:23:41","modified_gmt":"2021-09-24T06:23:41","slug":"akwel-net-earnings-of-e38-m-in-h1-2021","status":"publish","type":"post","link":"https:\/\/malaysiantribune.com\/akwel-net-earnings-of-e38-m-in-h1-2021\/","title":{"rendered":"AKWEL: NET EARNINGS OF \u20ac38 M IN H1 2021"},"content":{"rendered":"
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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Thursday 23 September 2021<\/p>\n

NET EARNINGS OF \u20ac38 M<\/strong> IN THE <\/strong>H1<\/strong> OF 2021<\/strong><\/p>\n

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, published its 2021 half-yearly results.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Consolidated data – in \u20ac\u00a0millions<\/td>\n30.06.2021<\/td>\n30.06.2020<\/td>\nVar. in %<\/td>\n<\/tr>\n
Revenue<\/td>\n487.6<\/strong><\/td>\n387.0<\/td>\n+26.0%<\/td>\n<\/tr>\n
EBITDA<\/td>\n64.7<\/strong><\/td>\n60.0<\/td>\n+7.9%<\/td>\n<\/tr>\n
Current operating income<\/td>\n50.0<\/strong><\/td>\n24.3<\/td>\n+105.8%<\/td>\n<\/tr>\n
Current operating margin<\/em><\/td>\n10.3%<\/em><\/strong><\/td>\n6.3%<\/em><\/td>\n+4.0 pts<\/em><\/td>\n<\/tr>\n
Operating income<\/td>\n50.7<\/strong><\/td>\n25.3<\/td>\n+100.9%<\/td>\n<\/tr>\n
Financial income<\/td>\n(0.6)<\/strong><\/td>\n(1.0)<\/td>\n-36.8%<\/td>\n<\/tr>\n
Net result (group share)<\/td>\n38.0<\/strong><\/td>\n20.2<\/td>\n+88.1%<\/td>\n<\/tr>\n
Net margin<\/em><\/td>\n7.8%<\/em><\/strong><\/td>\n5.2%<\/em><\/td>\n+2.6 pts<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In the first half of 2021, AKWEL recorded consolidated revenue of \u20ac487.6 m, up 26.0% on 2020 and 33.7% at a constant scope and exchange rates, but it is still down nearly 14% compared to the same period of 2019. The Group\u2019s business was adversely affected \u2013 like the sector as a whole \u2013 by major supply difficulties in commodities and electronic components.<\/p>\n

EBITDA reached \u20ac64.7 m, up 7.9%, and current operating income more than doubled to \u20ac50.0 m. The net income Group share was \u20ac38.0 m, up \u20ac88.1%.<\/p>\n

Free cash flow generation remained strong at \u20ac44.4 m compared to \u20ac51.5 m in the first half of 2020.<\/p>\n

In a context of reduced visibility on market, AKWEL expects at best a slight increase in its activity over the financial year as a whole compared to 2020, but significantly down versus 2019. Operating profitability is expected to decline in 2021, adversely affected by production disruptions and increases in costs related to supply problems.<\/p>\n

Confident in the solidity of its model and the relevance of its strategic choices, AKWEL will continue its investments in commercial development and new mobility solutions, particularly electric and hydrogen, and continue to roll out its partnership with Tallano on braking particles.<\/p>\n\n\n\n\n
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An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration.<\/em><\/strong><\/p>\n

Operating in 20\u00a0countries across every continent, AKWEL employs almost 10,500\u00a0people worldwide.<\/em><\/strong><\/p>\n

Euronext Paris \u2013 Compartment B \u2013 ISIN: FR0000053027 \u2013 Reuters: AKW.PA<\/a> \u2013 Bloomberg: AKW:FP<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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