Akwel reports a 41.1% increase in net income (group share) to 35.7 million euros for 2023, and an operating margin before non-recurring items up 1.9 points to 5.7%, as part of the gradual pass-through of cost increases.

The automotive supplier reported a 7.8% increase in annual sales to almost 1.07 billion euros, returning to a level of activity close to 2019. On a like-for-like basis, sales rose by 9.6%.

A dividend of 0.30 euros per share for 2023 will be proposed to the Annual General Meeting on May 23. With global automobile production expected to remain stable in Europe and North America, Akwel anticipates that business in 2024 will be at the same level as in 2023.

Copyright (c) 2024 CercleFinance.com. All rights reserved.