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AKWEL (AKW.PA)

Paris - Paris Delayed price. Currency in EUR
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28.25+0.05 (+0.18%)
At close: 5:35PM CEST
Full screen
Previous close28.60
Open28.55
Bid0.00 x 0
Ask0.00 x 0
Day's range28.00 - 28.80
52-week range9.90 - 32.00
Volume18,066
Avg. volume20,962
Market cap755.264M
Beta (5Y monthly)1.58
PE ratio (TTM)8.83
EPS (TTM)3.20
Earnings date07 May 2021
Forward dividend & yield0.45 (1.37%)
Ex-dividend date08 Jun 2021
1y target est22.60
  • Globe Newswire

    AKWEL: TURNOVER FOR THE 1st QUARTER OF 2021

    06 May 2021 TURNOVER FIGURES FOR THE 1st QUARTER OF 2021 6.3% growth at constant scope and exchange ratesA high level of cash flow generation AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted consolidated turnover of €273.3m in the first quarter of 2021, virtually unchanged compared to the first quarter of 2020. However, activity remains down by -6.7% compared to the first quarter of 2019. Consolidated turnover for the 1st quarter of 2021 (from 1 January to 31 March) In € millions - unaudited20212020VariationLFL variation (*)1st quarter273.3273.5-0.1 %+6.3 % (*) Comparing like-for-like figures The evolution of the world market in the first quarter of 2021 had two main characteristics: a rebound in automotive production, mainly driven by China (+10.6% overall but -2.7% outside China1(1)) and increasing difficulties in sourcing raw materials and electronic components for car and equipment manufacturers. In this still fragile context, AKWEL recorded growth of +6.3% on a like-for-like basis. On a like-for-like basis, AKWEL continues to outperform its benchmark markets in its main regions of operation, excluding China, which accounts for less than 3% of the group’s business. In line with the trend from 2020, the group was able to generate through its operating performance, an improvement in working capital and the control of investment budgets significant free cash flow amounting to €22.2m in the first quarter of 2021. As indicated during the presentation of the 2020 results, the strong tensions on raw materials and electronic components are reducing the visibility on the evolution of the global automotive market. Against this backdrop, AKWEL nevertheless expects its business to grow in the current year, although it will remain lower than in 2019, with profitability and cash generation not reaching the record levels recorded in 2020. An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration.Operating in 20 countries across every continent, AKWEL employs almost 11,200 people worldwide.Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP (1) Source: IHS Markit, April 2021 Attachment 2021-05-06_AKWEL_TO-Q12021_vshort_EN

  • Globe Newswire

    AKWEL: STRONG IMPROVEMENT IN PROFITABILITY IN 2020

    Thursday 08 April 2021 A STRONG IMPROVEMENT IN PROFITABILITY IN 2020 Akwel (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted its 2020 annual results. Consolidated data - in € millions 20202019Var. in %Revenue937.21,101.2-14.9%EBITDA175.3130.3+34.6%Current operating income113.792.2+23.4%Current operating margin12.1%8.4%+3.7 ptsOperating income107.088.9+20.3%Financial income(1.9)(2.4)-Net result (group share)85.562.7+36.4%Net margin9.1%5.7%+3.4 pts Thanks to the upturn in activity during the last four-month period, the annual fall in turnover was -14.9% and -10.9%, at a constant exchange rate and comparable perimeter. The EBITDA increased by 34.6%, thanks to the group quickly adapt of its cost structure under crisis conditions, the work focusing on profitability carried out by the teams since 2019 and the levels of operational maturity of the new sites. The group’s self-financing capacity of €154.4m, the improvement in working capital requirements down by €7.7m, and the management of the investment budgets (€34m) resulted in free cash flow generation of €128.2m. With a positive net cash position of €60.6m, AKWEL enjoys a particularly solid financial situation enabling it to come through this crisis. The payment of a dividend of €0.45 per share will be proposed for the 2020 financial year. AKWEL is forecasting an increase in activity over the financial year underway but at this stage is not anticipating a level of profitability and cash generation comparable to that seen during the 2020 financial year. The outlook for new mobility solutions - and particularly the development of hydrogen - and increasing demands in the Corporate Social Responsibility field will be key areas on which we will be focusing in 2021. AKWEL will also be in a position to seize external growth opportunities offering the potential to extend its product range beyond combustion engines or to improve its geographical position. An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration. Operating in 20 countries across every continent, AKWEL employs almost 11,200 people worldwide. Attachment 2021-04-08_AKWEL_Results-2020_short

  • Globe Newswire

    AKWEL: 2020 TURNOVER REACHES €937.2 MILLION

    Thursday 11 February 2021 2020 TURNOVER REACHES €937.2 MILLION AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted consolidated turnover of €937.2m in 2020, limiting the year-on-year drop to -14.9%, or -10.9% comparing like-for-like figures. Yearly consolidated turnover In € millions - unaudited20202019VariationLike-for-like variation(1)1st half-year387.1 566.5-31.7%-31.0%3rd quarter262.0 259.8+0.9%+6.7%4th quarter288.1 274.9+4.8%+13.6%Total for 12 months937.2 1,101.2-14.9%-10.9% (1) Comparing like-for-like figures. After a first half-year highly impacted by the global public health crisis, the recovery that began in September was confirmed in the 4th quarter. Comparing like-for-like figures, revenues for the quarter were up +13.6%. AKWEL is still outperforming the global automotive market as a whole, which contracted by -0.7% last quarter. This performance can be explained by market share gains among the Group’s strategic customers and by buoyant Aftermarket activity. The Group’s financial situation continued to benefit from the rigorous management and investment control policy adopted before the crisis. AKWEL forecasts free cash flow in excess of €100m in 2020 and, at the end of December 2020, had net cash flow of nearly €70m, excluding lease debts. Thanks to the commitment of our teams, continued management efforts and sustained activity in the second half-year, the Group’s annual results have improved faster than expected, with a forecast current operating income of more than €100m. AKWEL finished 2020 with a solid financial situation and bolstered market share. However, the Group remains cautious about its outlook for 2021, in a market that remains low-profile, and is determined to maintain the flexibility and efficiency of its production facilities while investing in order to move with market trends, particularly in clean vehicles. An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration. Operating in 20 countries across every continent, AKWEL employs almost 11,200 people worldwide. Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP Attachment 2021-02-11_AKWEL_TO-2020_EN(short)