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AKWEL Press release Thursday 23 September 2021 AKWEL POSTS NET EARNINGS OF € 38 M IN THE FIRST HALF OF 2021 AKWEL ( FR0000053027 , AKW , PEA - eligible ) , the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms , published its 2021 half - yearly results , as approved by the executive board , on 20 September 2021. Audit reports are in the process of being issued . Consolidated data - in € millions 30.06.2021 30.06.2020 Var . in % Revenue 487.6 387.0 + 26.0 % EBITDA 64.7 60.0 + 7.9 % Current operating income 50.0 24.3 + 105.8 % Current operating margin 10.3 % 6.3 % +4.0 pts Operating income 50.7 25.3 + 100.9 % Financial income ( 0.6 ) ( 1.0 ) -36.8 % Net result ( group share ) 38.0 20.2 + 88.1 % Net margin 7.8 % 5.2 % +2.6 pts GROWTH IN ACTIVITY IN A DISRUPTED AUTOMOTIVE MARKET In the first half of 2021 , AKWEL recorded consolidated revenue of € 487.6 m , up 26.0 % on 2020 and 33.7 % at a constant scope and exchange rates , which is still above the Group's benchmark markets in Europe and North America . The positive trend in half - yearly revenue needs to be put in context given the low level of business in 2020 , particularly in the second quarter , when global vehicle production was virtually at a standstill . AKWEL's half- yearly revenue in 2021 is still down nearly 14 % compared to the same period of 2019. In the first half of 2021 , the Group's business was also adversely affected like the sector as a whole - by major supply difficulties in commodities and electronic components . This shortage led to significant production fluctuations among manufacturers , impacting on the group's volumes and sales . - SHARP INCREASE IN HALF - YEAR RESULTS EBITDA reached € 64.7 m , up 7.9 % , and current operating income more than doubled to € 50.0 m , resulting in a current operating margin of 10.3 % of revenue , up 4 points compared to the first half of 2020 and logically down by 5.7 points compared to the second half of 2020. After a tax expense of € 12.2 m versus € 4.0 m in the first half of 2020 , net income Group share was € 38.0 m , up € 88.1 % , giving a net margin of 7.7 % , up 2.6 points . While these results again illustrate the solidity , agility and performance of the Group's model , they are primarily due to the favourable base effect in the first half of 2020 . WWW.AKWEL-AUTOMOTIVE.COM [ 1 ]