Current operating income up 64% to €61M

In 2023, the AKWEL Group recorded a consolidated turnover up by 7.8% to €1,066.4m. On a like-for-like basis with constant exchange rates, the increase in annual turnover was +9.6%. Gross operating surplus is up +26.1% to €101.9m and current operating income has grown +64% to €61m Read the press release

Annual turnover for 2023 up by +7,9%

AKWEL recorded a turnover of €267.4M in the fourth quarter of financial year 2023, an increase of +7.2% as reported and +9.4% at constant scope and exchange rates. This strong quarterly performance allowed AKWEL to end 2023 with consolidated turnover of €1,066.4M, up +7.9% from 2022. At constant scope and exchange rates, annual turnover was … Read more

3rd quarter sales up +9.2%

AKWEL has completed its third quarter of 2023 with a consolidated turnover of €248.7M, a slight decline of -0.9% recorded in comparison to 2022, and +9.2% at constant scope and exchange rates. Read the press release

AKWEL posts net earnings of €19.2m in the first half of 2023

In the first half of 2023, AKWEL posted a consolidated turnover of €545.8m, up by 11.8% when comparing published figures and by 16.2% when taking exchange rates and scope as constants. Business growth was particularly significant in Europe and Africa, with an increase of 17.5%. With a financial income of -€2.5m and a tax expense … Read more

Discover our plant in Timisoara (Romania)

The year 2000 arrived and with it the creation of a new unit. The first in Eastern Europe for AKWEL România, in Timisoara. Specialized in fluid management, mechanisms and washing systems, this new production plant reflects AKWEL’s growing ambition to accompany its customers on an international level, and to maintain a relationship of trust and … Read more

Half-year revenue up +11.8%

With the global automotive market once again experiencing growth, AKWEL recorded an 11.9% increase in reported revenue in the second quarter of 2023 and a 17.7% increase comparing like-for-like figures. Read the press release

Revenue increases +11.7% in the first quarter of 2023

With the global automotive market having returned to growth, AKWEL saw its revenue on a like-for-like basis advance +14.6% during the first quarter of the 2023 financial year, exactly the same progress as during the previous quarter. Read the press release

In 2022, AKWEL posts net earnings of €11.1m

Current operating income amounted to €38.6m, representing a current operating margin of 3.9%, down 4.3 points compared to 2021. After a tax charge of €14.6m (vs €16.3m in 2021), net income Group share stands at €11.1m. Read the press release