Brief: Akwel Sees Slight Increase In Turnover For 2023

Akwel SA

09/02/2023 17:26

Feb 9 (Reuters) - Akwel SA  AKW.PA :
    * TURNOVER UP BY 11.3% ON A LIKE-FOR-LIKE BASIS
    * CURRENT OPERATING INCOME PROJECTED TO DECLINE BY AROUND
40%
    * NET CASH EXCLUDING LEASE OBLIGATIONS FELL BY EUR 7.6M IN
Q4 TO
REACH EUR 115.1M AT CLOSING, AN INCREASE OF EUR 6.7M OVER YEAR
    * GROUP'S PROFITABILITY WAS IMPACTED BY SUPPLY CONSTRAINTS
AND
DIFFICULTIES IN PASSING ON INFLATIONARY IMPACTS RECORDED ACROSS
ALL OPERATING COSTS, WITH CURRENT OPERATING INCOME EXPECTED TO
FALL BY AROUND 40% FOR 2022
    * FOR 2023 FINANCIAL YEAR, IN AN ENVIRONMENT IN WHICH
VISIBILITY
OVER GLOBAL AUTOMOTIVE MARKET REMAINS VERY LIMITED DUE TO
ECONOMIC AND GEOPOLITICAL TENSIONS, AKWEL ANTICIPATES A SLIGHT
INCREASE IN TURNOVER
    * SEES FOR 2023 A SLIGHT INCREASE IN TURNOVER
    * ON LAST QUARTER OF 2022, AKWEL POSTED A CONSOLIDATED
TURNOVER OF
EUR 249.4 MILLION, UP BY 11.5%

Source text for Eikon:  ID:nGNE3Dfvc7 
Further company coverage:  AKW.PA 
 (Reporting by Gdansk newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))