Brief: Akwel Q3 Turnover Up At 251.1 Million Euros

Akwel SA

10/11/2022 17:20

Nov 10 (Reuters) - Akwel SA  AKW.PA :
    * TURNOVER INCREASES 5.7% IN FIRST NINE MONTHS OF 2022
    * IN Q3 OF 2022, AKWEL POSTED A CONSOLIDATED TURNOVER OF EUR
251.1M, UP BY +18.7% ON PREVIOUS YEAR
    * CONFIRMS ITS EXPECTATION OF MODERATE GROWTH IN TURNOVER
FOR
WHOLE OF 2022 FINANCIAL YEAR
    * ONGOING SUPPLY DIFFICULTIES AND INFLATION RECORDED ACROSS
ALL
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
    * FREE CASH-FLOW GENERATION WAS EUR 6.6M IN Q3,
    * NET CASH POSITION AT END 9 MONTHS OF EUR 112.6M

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE936WS8
Further company coverage:  AKW.PA 
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