AKWEL: TURNOVER FIGURES FOR THE 1ST QUARTER OF 2022
TURNOVER FIGURES FOR THE 1st QUARTER OF 2022
Paris, France, May 6 (Bernama-GLOBE NEWSWIRE) -- AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, has reported consolidated turnover of €245.8m in the first quarter of 2022, down by -10.1% compared to the first quarter of 2021.
Consolidated turnover for the 1st quarter of 2022 (from 1 January to 31 March)
The global automotive market continued to suffer from production disruptions at manufacturers due to problems with the supply of raw materials and electronic components, amplified at the end of the quarter with the events in Ukraine. In this unfavourable context, AKWEL limited its decline in activity to -4.4% on a like-for-like basis, which is comparable to the decline in global automotive production (-4.2%¹).
Products and Functions turnover was €239.1m, down -9.0%. The Cooling business (-4.0%) limited its decline, as did the Air business (-3.5%), which gained market share, while the Pollution Control product line posted a sharper decline this quarter (-12.9%). Control revenue for its part continued to fall, to €4.0m, after unusual previous years.
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