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CONFIRMED UPTURN IN ACTIVITY IN Q3 2020
Consolidated turnover (1 January to
In € millions - unaudited | 2020 | 2019 | Change | Like-for-like change (1) |
1st quarter | 273.5 | 293.0 | -6.6% | -5.9% |
2nd quarter | 113.6 | 273.5 | -58.5% | -57.8% |
3rd quarter | 262.0 | 259.8 | +0.9% | +6.7% |
Total for 9 months | 649.1 | 826.3 | -21.4% | -19.1% |
(1) Comparing like-for-like figures.
CONFIRMED UPTURN IN SEPTEMBER
The upturn in AKWEL’s activity observed in July/
With a record monthly turnover for the Group of €108.6 million in September, the main performance factors were:
- the continued positive impact of the Opel/PSA merger, which expanded the customer scope;
- a high level of aftermarket activity on SCR tanks;
- the ramp-up of activities in
China .
ANALYSIS OF THE BREAKDOWN OF TURNOVER
The geographical breakdown of turnover by production zone as of 30 September was as follows:
France : €191.1 M (-24.6%)Europe (excludingFrance ) andAfrica : €189.3 M (-24.6%)North America : €166.0 M (-17.8%)Asia and theMiddle East (includingTurkey ): €99.4 M (-11.9%)South America : €3.3 M (-53.5%)
Products and Functions turnover was down by 22.0% at €613.0 million. The share of turnover from the Air product line continued to increase, up 4.5% over the first nine months.
The decline in Tooling turnover was reduced to -15.2% for €30.6 million over the nine-month period.
CONTINUED POSITIVE, GROWING
Although the WCR built back up due to the upturn in activity, net cash continued to increase in the third quarter, totalling €42.2 million (excluding IFRS 16 impact) at the end of
OUTLOOK
The signs of recovery seen in the third quarter must be tempered in a context of new restrictions associated with the second wave of the COVID-19 pandemic, especially in
Next press release: 2020 annual turnover, |
An independent, family-owned group listed on the Operating in 20 countries across every continent, Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP |
Contacts
EKNO – Press Relations
CALYPTUS – Investor Relations
Attachment
- 2020-11-12_AKWEL_TO-Q3-2020_EN
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