AKWEL 144 0 Kommentare CURRENT OPERATING PROFIT UP 19% TO €92.2m - Seite 3

Benefiting from the experience of our Asian sites – some of which are already gradually starting up again –, Akwel was able to anticipate the crisis to a degree. It is thanks, in particular, to the commitment and quick reactions of teams at all levels that the Group has been able to adapt and reduce its costs through short decision and implementation chains.

To weather this unprecedented crisis, Akwel benefits from a number of structural assets, including a diversified geographic footprint with highly localised organisation, a healthy financial situation, efficient and flexible industrial tools and a close relationship (grade 1) with manufacturers who provide the required visibility to anticipate and effectively support a resumption in activity.

In this context, the Group is suspending its 5% growth target for 2020 and the dividend proposed for the 2019 financial year will be €0.195, a 35% reduction compared to the previous financial year.

Next press release: turnover for the first quarter of 2020, Thursday 14 May 2020, after markets close.

An independent family 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.

Operating in 20 countries across five continents, Akwel employs almost 12,000 people worldwide.

Euronext Paris – Compartiment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP

Contacts

AKWEL
Jean-Louis Thomasset – Vice-President of the Executive Board/Financial VP – Tel.: +33 4 50 56 99 25

EKNO – Press Relations
Christine Savoie – Jean-Marc Atlan – christine.savoie@ekno.fr – Tel.: +33 6 46 90 34 23/+33 6 07 37 20 44

CALYPTUS – Investor Relations
Mathieu Calleux – Gregory Bosson – akwel@calyptus.net – Tel.: +33 1 53 65 68 68

Attachment