Akwel (AKW) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 turnover was €255.6M, down 3.0% year-over-year, reflecting a challenging automotive market environment.

• Net cash position improved to €149.6M at March 2025, up €4.6M from December 2024.

Financial highlights

• Consolidated turnover declined 3.0% compared to Q1 2024; at constant scope and exchange rates, the decline was 4.0%.

• Foreign exchange had a positive impact of €2.8M, mainly from the US dollar.

• Investments in Q1 2025 totaled €8.6M, down from €20.2M in Q1 2024.

Outlook and guidance

• Anticipates a decrease in 2025 revenue similar to the decline recorded in the previous year, citing limited market visibility.