AKWEL Reports €255.6M in Q1 2025 Turnover Amid Global Automotive Market Slowdown

AKWEL, a global automotive and heavy-vehicle parts and systems manufacturer, announced a consolidated turnover of €255.6 million for the first quarter of 2025, reflecting a 4.0% decline at constant scope and exchange rates compared to the same period in 2024.

This performance comes against a backdrop of weakened global automotive production, with most major manufacturing countries reporting downturns, the company said.. China and Japan were notable exceptions, and the contraction was also less pronounced in Germany, India, and Mexico. Despite this challenging environment, AKWEL showed resilience in key areas of its business.

Regionally, the EMEA zone (Europe, Middle East, and Africa) remained AKWEL's largest contributor with €170.7 million in turnover, though down 3.8% year-on-year. The Americas followed with €76.4 million (-1.9%), while Asia posted a modest growth of 2.8%, reaching €8.5 million.

From a product perspective, the company’s "Products and Functions" segment earned €247.8 million, down 3.3% from the previous year. Notably, the Decontamination and Cooling product lines bucked the downward trend, achieving growth rates of 10.4% and 4.5% respectively. In contrast, product lines like Air (-27.1%), Mechanisms (-8.7%), and Fuel (-2.7%) experienced declines. The Tools segment held steady at €5.6 million.

AKWEL’s consolidated net cash position, excluding lease liabilities, improved to €149.6 million by the end of March 2025. This marks an increase of €4.6 million from the end of December 2024. The company also reported a significant reduction in capital investments—€8.6 million in Q1 2025 versus €20.2 million in the same quarter of 2024.

Looking ahead, the company noted that visibility in the automotive market remains limited. Despite only a moderate decline in activity compared to the last two quarters, AKWEL reaffirmed its expectation of a year-on-year revenue decrease in 2025, similar in magnitude to that of 2024.

AKWEL, an independent family-run business listed on Euronext Paris, continues to leverage its expertise in material transformation and mechatronic integration to serve a global clientele across 20 countries with a workforce of 8,600 employees.