Akwel second quarter sales down on currency headwinds

Champfromier, France – Automotive and heavy vehicle parts maker Akwel reported a year on year decline in second quarter sales, partly due to the unfavourable impact of exchange rates on the US dollar.

Revenue for the three months to the end of June came in at €255?million, down 3.9% as reported and by 2.7% at constant scope and exchange rates.

The group said foreign exchange movements reduced quarterly sales by €3.1?million.

First half sales totalled €510.6?million, 3.4% lower than in the same period of 2024, with EMEA down 0.4% to €349.9?million.

Sales in the Americas fell 10.1% year-on-year to €144.1?million and Asia slipped 3.4% to €16.6?million.

In its “Products and Functions” division, revenue fell 1.2% to €497.5?million in the first half.

Within the division, “decontamination, fuel and cooling product lines” posted growth of 15.1%, 3.6% and 1.9% respectively, but air and mechanism lines dropped 22.6% and 3.9%.

Akwel’s ‘Tooling’ division reported sales of reached €8.1?million.