Thursday
TURNOVER INCREASES 26% IN THE FIRST HALF OF 2021
- +33.7% growth at constant scope and exchange rates
- Activity and visibility adversely affected by production difficulties in the sector
- Continued cash generation and a record positive net cash position
Consolidated turnover (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 | 113.5 | +88.7% | +99.7% |
1st half-year | 487.6 | 387.0 | +26.0% | +33.7% |
(1) Comparing like-for-like figures.
A CONTRASTING SECOND QUARTER
In the second quarter of 2021,
Although the group’s quarterly turnover was up sharply, this was in comparison to a second quarter of 2020 in which worldwide vehicle production virtually ceased for two months and was down by -21.7% compared to 2019. Activity has continued to be impacted by major procurement difficulties for the main raw materials and electronic components. This situation is affecting the organisation of the entire supply chain, resulting in unplanned production stoppages among the manufacturers.
BREAKDOWN OF TURNOVER
The geographical breakdown of turnover by production zone was as follows during this six-month period:
France : €138.8m (+25.6%)Europe (excludingFrance ) andAfrica : €153.4m (+29.9%)North America : €121.8m (+25.1%)Asia and theMiddle East (includingTurkey ): €70.4m (+19.2%)South America : €3.2m (+64.4%)
On a like-for-like basis,
The turnover for Products and Functions increased for the six-month period by +28.1% at €467.2m, with additional market share being gained in the Oil, Fuel and Cooling activities and a sustained Aftermarket activity for SCR tanks. The turnover for Tooling was down by -15.9% at €15.2m.
RECORD POSITIVE NET CASH POSITION
On 30 June, the
POOR VISIBILITY OF THE SECOND PART OF 2021
In view of the tensions observed with raw materials and electronic components, which some manufacturers see as continuing over the coming months, visibility remains particularly poor for the whole international automotive industry in 2021.
Next press release: 2021 half-year results, |
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
- 2021-07-29_AKWEL_TO-H1-2021
© OMX, source