AKWEL: PROBABLE NON-RECURRING CHARGE FOR FISCAL 2025
16 May 2025 17:45 CEST
Issuer
AKWEL
Champfromier, Friday, May 16, 2025
AKWEL: PROBABLE NON-RECURRING CHARGE FOR FISCAL 2025
AKWEL (FR0000053027, AKW, PEA-eligible), a systems supplier to the automotive and truck industries specialising in fluid management, mechanisms, and structural parts for electric vehicles, has signed a customer agreement regarding quality issues relating to SCR tanks produced by the Group.
This agreement, which resolves outstanding litigation, could have a negative impact of around -19 M€ on earnings for the 2025 financial year, after reversal of provisions already set aside for this purpose. This one-off charge could be limited in part by the insurance cover taken out by the Group. AKWEL will communicate on this subject as soon as the amounts covered by its insurance partners have been precisely validated.
| Next press release: First-half 2025 sales, July 24, 2025, after close of trading. | |
| AKWEL is an independent, family-owned group listed on Euronext Paris, and a systems supplier to the automotive and truck industries, specializing in fluid management, mechanisms and structural parts for electric vehicles. The Group draws on first-rate industrial and technological know-how in the application and transformation of materials (plastic, rubber, metal) and in mechatronics integration. Present in 20 countries on five continents, AKWEL employs 8,600 people worldwide. Euronext Paris - Compartment B - ISIN: FR0000053027 - Reuters: AKW.PA - Bloomberg: AKW:FP | |
Contact
AKWEL
Benoit Coutier - Finance & Legal VP - Tel: +33 4 50 56 98 68
EKNO - Press relations
Jean-Marc Atlan - jean-marc.atlan@ekno.fr - Tel.: +33 6 07 37 20 44
ACTUS - Investor Relations
Mathieu Calleux - akwel@actus.fr - Tel.: +33 1 53 65 68 68
Attachment
Source
Akwel
Provider
GlobeNewswire
Company Name
AKWEL
ISIN
FR0000053027
Symbol
AKW
Market
Euronext