AKWEL

CURRENT OPERATING PROFIT UP 19% TO €92.2m

                                                                                                                                                   Wednesday, 8 April 2020, 17:45

CURRENT OPERATING PROFIT UP 19% TO €92.2m

PREPARATION AND REACTION TO THE COVID-19 CRISIS

SUSPENSION OF 2020 TURNOVER TARGET

Akwel (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted its 2019 annual results, as approved by the executive board, on 6 April 2020. Audit processes have taken place and the certifying audit report is currently being issued.

Consolidated data - in € millions	2019	2018	Var. in %
Turnover	1,101.2	1,062.2	+3.7%
EBITDA	130.3	124.6	+4.6%
Current operating profit	92.2	77.4	+19.0%
Current operating margin	8.4%	7.3%	+1.1 pt
Operating profit	88.9	73.1	+21.6%
Financial income	(2.4)	(2.1)	+11.4%
Net result (group share)	62.7	61.1	+2.6%
Net margin	5.7%	5.8%	-0.1 pt