AKWEL Reports Lower Revenue, Expects Further Decline In 2026

KUALA LUMPUR, Nov 7 (Bernama) -- AKWEL, a manufacturer of parts and systems for the automotive and heavy-vehicle industry, reported consolidated revenue of 730.7 million euros for the first nine months of 2025, down 3.6 per cent from a year earlier. (1 Euro = RM4.82)

In a statement, the group, which specialises in fluid management, mechanisms and structural parts for electric vehicles, said that at constant scope and exchange rates, the decline came to 3.0 per cent.

Quarterly performance remained consistent with earlier trends. Revenue fell 3.9 per cent in the third quarter to 220.1 million euros, or 2.0 per cent on a like-for-like basis.

All geographic regions recorded revenue declines over the nine-month period, led by Asia at 13.6 per cent, the Americas at 6.7 per cent, and Europe, the Middle East and Africa (EMEA) at 1.6 per cent.

As at Sept 30, the group’s consolidated net cash, excluding lease liabilities, stood at 168.9 million euros, representing an increase of 19.6 million euros compared with June 30. This figure was recorded prior to the disbursement of an 8.0 million euro dividend on Oct 7.

The group noted that capital expenditure during the quarter amounted to 8.4 million euros, in line with previous investment levels.

Looking ahead, the group anticipates a double-digit decline in consolidated revenue for 2026, driven primarily by lower volumes of selective catalytic reduction (SCR) tanks and compounded by the cancellation, postponement or delay of several electric vehicle programmes.

There will be lesser impact from the discontinuation of some fluid and mechanism programmes related to internal combustion and hydrogen engines.

Listed on Euronext Paris, AKWEL operates in 20 countries across five continents and employs about 8,600 people worldwide.

-- BERNAMA