Brief: Akwel FY EBITDA Down At 117.1 Million Euros

Akwel SA

07/04/2022 16:54

April 7 (Reuters) - Akwel SA  AKW.PA :
    * AKWEL POSTS NET EARNINGS OF €51.2 M IN 2021
    * END-FY GROSS CASH FLOW OF EUR 167.4 M
    * REMAIN AGILE IN 2022 AND CONTINUE TO PREPARE FOR THE
FUTURE
    * FY CURRENT OPERATING MARGIN OF 8.2%
    * PROPOSITION TO MAINTAIN DIVIDEND AT EUR 0.45 PER SHARE
    * GLOBAL AUTOMOTIVE MARKET IS EXPECTED TO RISE IN 2022,
PRODUCTION
UNCERTAINTIES REMAIN HIGH, WITH CONTINUED TENSIONS ON
COMMODITIES AND COMPONENTS AND AN INFLATIONARY GLOBAL
ENVIRONMENT REINFORCED BY THE CURRENT GEOPOLITICAL SITUATION
    * AKWEL, WHICH HAS NO DIRECT EXPOSURE TO THE UKRAINE-RUSSIA
REGION, ANTICIPATES A MODERATE INCREASE IN ITS BUSINESS
    * FY REVENUE EUR 922.5 MILLION VERSUS EUR 937.2 MILLION YEAR
AGO
    * FY EBITDA EUR 117.1 MLN VS EUR 175.3 MLN YEAR AGO 

Source text for Eikon:  ID:nGNE6c6psK 
Further company coverage:  AKW.PA 

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