Wednesday
REVENUE FIGURES FOR THE THIRD QUARTER OF 2021
Consolidated revenue (1 January to
In € millions - unaudited | 2021 | 2020 | Variation | Like-for-like variation (1) |
1st quarter | 273.3 | 273.5 | -0.1% | +6.3% |
2nd quarter | 214.3 | 113.6 | +88.7% | +99.7% |
3nd quarter | 211.5 | 262.0 | -19.3% | -17.3% |
Total for 9 months | 699.1 | 649.1 | +7.7% | +13.1% |
(1) Comparing like-for-like figures.
Q3 BUSINESS STILL SUBJECT TO SUPPLY DIFFICULTIES
Although
Products & Functions revenue was down 17.2% during the third quarter compared with 2020, although the performance by business days outstripped the performance during the second quarter, which is a first. The Oil, Fuel, Cooling and Mechanisms businesses achieved double-digit growth, while the Washing product line posted a significant decline.
ANALYSIS OF THE BREAKDOWN OF REVENUE
The geographical breakdown of revenue at 30 September by production zone was as follows:
France : €199.0m (+4.2%)Europe (excludingFrance ) andAfrica : €209.3m (+10.6%)North America : €181.2m (+9.2%)Asia and theMiddle East (includingTurkey ): €104.2m (+4.7%)South America : €5.4m (+65.0%)
The Products and Functions revenue at the end of
NET CASH STILL AT HIGH LEVELS
Net cash (excluding lease obligations) fell during the third quarter by €4.8m, primarily due to the increase in inventory, but remained at a high level at the end of
OUTLOOK
Visibility on production volumes in the global automotive industry is still extremely poor. Given the trends in October, the target of a rise in annual revenue remains a lofty goal that is increasingly difficult to achieve. In this context, and bolstered by a solid model and a favourable financial position,
Next press release: 2021 annual revenue, |
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
- 2021-11-10_AKWEL_CA-T3-2021_EN
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