Akwel: earnings rebound likely

Tensions. Akwel’s profitability came under pressure last year. With the double impact of inflationary pressures and supply difficulties, the current operating margin represented 3.9% of sales instead of 8.2% in 2021… Over the financial year, the automotive supplier is not managed to pass on only 55% of the increase in raw materials, transport, components… From this point of view, the year 2023 is looking good. The negotiations carried out with the customers will make it possible to upgrade the selling prices without forgetting that inflation is attenuated on several items…