Akwel reports Q3 sales of 248.7 ME, down 0..9% on the same period a year earlier, and +9.2% on a like-for-like basis.

For the first nine months of 2023, consolidated sales came to 781.9 ME, up +5.8% on 2022.

At September 30, sales were up +11.3% in France, +11.6% in Europe (excluding France) and Africa, +1.9% in North America, -6.8% in Asia and the Middle East (including Turkey) and -12.1% in South America.

Over the first nine months, sales of Products and Functions rose by +5.9% to 756.7 ME. The most dynamic product lines over the period were Air (+23.6%), Washing (+19.5%) and Cooling (+9.7%), while Structural Parts for electric vehicles, the Group's most recent activity, continued to develop with sales of 15.3 ME (+71.7%).

Against this backdrop, Akwel confirms its forecast of sales growth of around +10% over the full 2023 financial year on a like-for-like basis.


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