AKWEL Sees Modest Turnover Dip Amid Market Headwinds

KUALA LUMPUR, July 25 (Bernama) -- AKWEL, a key player in the manufacturing of parts and systems for the automotive and heavy-vehicle sectors, has reported a first-half 2025 turnover of 510.6 million euros, marking a 3.4 per cent decline compared to the same period in 2024. (1 Euro = RM4.94)

The downturn reflects ongoing macroeconomic pressures and unfavourable exchange rates, according to AKWEL in a statement.

Second-quarter turnover held steady at 255 million euros quarter-over-quarter but fell 3.9 per cent year-on-year, or 2.7 per cent at constant scope and exchange rates.

By product line, the company saw growth in Decontamination (15.1 per cent), Fuel (3.6 per cent), and Cooling (1.9 per cent), while Air (-22.6 per cent) and Mechanisms (-3.9 per cent) dragged overall results.

AKWEL’s net cash stood strong at 149.3 million euros, even after 17.5 million euros in first-half investments.

Despite the dip, AKWEL remains confident, expecting a smaller annual decline than in 2024, underscoring strength in fluid management and e-powertrain systems.

The Annual General Meeting and 2024 dividend payment have been postponed, pending completion of statutory audits. A new date will be announced by Sept 30.

-- BERNAMA