Brief: Akwel H1 Turnover Up At EUR 488.1 Mln

Akwel SA

29/07/2022 06:05

July 29 (Reuters) - AKWEL SA  AKW.PA :
    * TURNOVER FIGURES 1ST HALF OF 2022
    * RECORDED A HIGHER LEVEL OF ACTIVITY IN Q2 OF 2022, WITH A
REPORTED TURNOVER UP 13.1%
    * HALF-YEAR TURNOVER, UP 5% ON A LIKE-FOR-LIKE BASIS
    * GENERATED EUR 7.7M IN FREE CASH FLOW DURING FIRST HALF OF
2022,
REACHING A NET CASH POSITION AS OF 30 JUNE, EXCLUDING RENTAL
OBLIGATIONS, OF EUR 116M AFTER DIVIDEND PAYOUT
    * CONFIRMS ITS EXPECTATION OF MODERATE GROWTH IN TURNOVER
FOR 2022
FINANCIAL YEAR
    * HAS POSTED CONSOLIDATED TURNOVER OF EUR 488.1M IN FIRST
HALF OF
2022
    * GROUP GENERATED EUR 7.7M IN FREE CASH FLOW DURING FIRST
HALF OF
2022, REACHING A NET CASH POSITION AS OF 30 JUNE,
    * DISRUPTING ACTIVITIES OF VEHICLE AND EQUIPMENT
MANUFACTURERS,
PARTICULARLY AT EUROPEAN SITES, AND SIGNIFICANT INFLATION WILL
HAVE A MAJOR IMPACT ON GROUP'S OPERATING PROFITABILITY THIS YEAR

Source text for Eikon:  ID:nGNX1RXSjz 
Further company coverage:  AKW.PA 

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