AKWEL, a global manufacturer of automotive and heavy-vehicle components and systems, reported a consolidated turnover of €255.6 million for the first quarter of 2025. This marks a 4.0% decline at constant scope and exchange rates compared to Q1 2024.
The dip reflects broader challenges in the global automotive sector, as most major production countries experienced slowdowns. However, China and Japan bucked the trend, and the decline was less severe in Germany, India, and Mexico. Despite the tough market conditions, AKWEL maintained resilience in several key areas of its operations.
Regional and Product Performance Highlights AKWEL’s Q1 2025 Results
In the first quarter of 2025, the EMEA region (Europe, Middle East, and Africa) remained AKWEL’s largest market, generating €170.7 million in turnover—a 3.8% year-on-year decline. The Americas followed with €76.4 million, down 1.9%, while the Asia region recorded a 2.8% increase, reaching €8.5 million.
By product category, the “Products and Functions” segment brought in €247.8 million, reflecting a 3.3% drop compared to the previous year. However, the Decontamination and Cooling product lines showed strong performance, growing by 10.4% and 4.5% respectively. Other product lines faced declines: Air systems fell by 27.1%, Mechanisms by 8.7%, and Fuel systems by 2.7%. The Tools segment remained stable at €5.6 million.
Financially, AKWEL improved its consolidated net cash position (excluding lease liabilities) to €149.6 million as of March 2025, up €4.6 million from December 2024. The company also notably reduced capital investments, spending €8.6 million in Q1 2025 compared to €20.2 million in the same period last year.
Outlook remains cautious amid market uncertainty
AKWEL acknowledged continued limited visibility in the automotive market. While recent quarters have seen only a moderate slowdown, the company maintained its forecast of a year-on-year revenue decline in 2025, comparable to the decrease experienced in 2024.
AKWEL is an independent family-owned company listed on Euronext Paris, specializing in parts and systems for the automotive and heavy-vehicle industries. The Group focuses on fluid management, mechanisms, and structural components for electric vehicles, drawing on strong industrial and technological expertise in material processing (plastic, rubber, metal) and mechatronic integration. With operations in 20 countries across five continents, AKWEL employs a global workforce of 8,600 people.
