Champfromier, Thursday, April 3, 2025

NET INCOME OF €24.2 MILLION IN 2024

AKWEL (FR0000053027, AKW, PEA-eligible), parts and systems manufacturer for the automotive and heavy-vehicle industry, specialist in fluid management, mechanisms and E-powertrain parts, posted its 2024 annual results.

Inflationary pressures on raw materials and components, but especially on payroll, still weigh on current operating profit in the context of a decline in activity while essential expenditure is still being maintained to build the Group's future. EBITDA decreased by -14.4% to €87.2M and current operating income decreased by -37.1% to €38.4M. After an income tax expense of €16.6M, the net income attributable to the Group reached €24.2M.

The operating cash flow amounted to €95.7M, up 49.7%. Net investments remained high in 2024 at €40.3M, focusing in particular on safety issues, product adaptation to electric motors and hydrogen engines and on product competitiveness by integrating the manufacture of certain components. AKWEL generated a positive net cash position at the end of the period of €133.4M, compared to €105M at the end of 2023.

Significant progress was recorded in terms of CSR, including a further decrease in the frequency of accidents at work, a reduction in water consumption and a decrease of -36% in carbon emissions compared to 2021.

The evolution of the world market and the delays in the start of production and sales of electric vehicles should lead to a decline in activity in 2025 comparable to that of 2024. In this context, the Group continues to adapt to a market undergoing transformation by adjusting its production costs, strengthening its technical and technological capabilities and by developing the agility of its organization.