AKWEL Q1 REVENUE SLIPS 4.0 PCT ON WEAK AUTO OUTPUT, 2025 OUTLOOK UNCHANGED

KUALA LUMPUR, May 2 (Bernama) -- AKWEL, a French automotive parts supplier specialising in fluid management and components for electric vehicles, posted first-quarter (QI) 2025 revenue of 255.6 million euros, down 4.0 per cent on a like-for-like basis as global auto production weakened in most key markets outside China and Japan. (1 Euro = RM4.87)

According to AKWEL in a statement, revenue declined across core regions, with Europe, the Middle East and Africa (EMEA) down 3.8 per cent to 170.7 million euros and the Americas down 1.9 per cent to 76.4 million euros.

However, the Asian region registered a modest increase of 2.8 per cent to 8.5 million euros.

Meanwhile, Products and Functions turnover dropped 3.3 per cent to 247.8 million euros, though demand in the Decontamination (10.4 per cent) and Cooling (4.5 per cent) segments remained resilient.

However, other segments such as Air, Mechanisms and Fuel saw declines of 27.1 per cent, 8.7 per cent and 2.7 per cent, respectively. The Tools division remained relatively stable, with a turnover of 5.6 million euros.

AKWEL reported consolidated net cash, excluding lease liabilities, of 149.6 million euros at the end of March, an increase of 4.6 million euros compared to Dec 31, 2024, despite reduced investments of 8.6 million euros, down from 20.2 million euros a year earlier.

Citing continued market uncertainty and muted production trends, AKWEL maintained its outlook, anticipating a decrease in 2025 revenue similar to that recorded in 2024.

-- BERNAMA