Akwel

2020 Turnover Reaches €937.2 Million

                                                                                                                                                          Thursday 11 February 2021

2020 TURNOVER REACHES €937.2 MILLION

• Year-on-year decrease limited to -14.9% (-10.9% comparing like-for-like figures.)
• +4.8% growth in Q4 (+13.6% comparing like-for-like⁽¹⁾)
• Current operating income for 2020 expected to exceed €100m

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted consolidated turnover of €937.2m in 2020, limiting the year-on-year drop to -14.9%, or -10.9% comparing like-for-like figures.

Consolidated turnover (1 January to 31 December)

In € millions - unaudited	2020	2019	Variation	Like-for-like variation(1)
1st half-year	387.1	566.5	-31.7%	-31.0%
3rd quarter	262.0	259.8	+0.9%	+6.7%
4th quarter	288.1	274.9	+4.8%	+13.6%
Total for 12 months	937.2	1,101.2	-14.9%	-10.9%

      ⁽¹⁾   Comparing like-for-like figures.