Brief: Akwel 9-Month Revenue Up At 739.2 Million Euros

Akwel SA

11/11/2022 06:13

Nov 11 (Reuters) - Akwel SA  AKW.PA :
    * TURNOVER INCREASES 5.7% IN THE FIRST NINE MONTHS OF 2022
    * Q3 REVENUE EUR 251.1 MILLION
    * 9-MONTH REVENUE EUR 739.2 MILLION VERSUS EUR 699.1 MILLION
YEAR
AGO
    * FREE CASH-FLOW GENERATION WAS EUR 6.6M IN Q3, GIVING GROUP
EUR
112.6M IN NET CASH (EXCLUDING DEBT ON RENTAL OBLIGATIONS), AN
INCREASE OF EUR 14.3M OVER NINE MONTHS
    * CONFIRMS ITS EXPECTATION OF MODERATE REVENUE GROWTH FOR
YEAR
2022
    * ONGOING SUPPLY DIFFICULTIES AND INFLATION OF OPERATING
COSTS,
WHICH IS DIFFICULT TO PASS ON IN SHORT TERM, WILL, AS ANNOUNCED,
LEAD TO A SIGNIFICANT FALL IN GROUP'S ANNUAL CURRENT OPERATING
INCOME

Source text for Eikon:  ID:nGNX79Pzgk 
Further company coverage:  AKW.PA 
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