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AKWEL Press release 06 May 2021 PUBLICATION OF TURNOVER FIGURES FOR THE 1st QUARTER OF 2021 • 6.3 % growth at constant scope and exchange rates • A high level of cash flow generation AKWEL ( FR0000053027 , AKW , PEA - eligible ) , the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms , posted consolidated turnover of € 273.3m in the first quarter of 2021 , virtually unchanged compared to the first quarter of 2020. However , activity remains down by -6.7 % compared to the first quarter of 2019 . Consolidated turnover for the 1st quarter of 2021 ( from 1 January to 31 March ) In € millions - unaudited 1st quarter ( * ) Comparing like - for - like figures LFL 2021 2020 Variation variation ( * ) 273.3 273.5 -0.1 % +6.3 % A STILL FRAGILE RECOVERY IN THE GLOBAL MARKET The evolution of the world market in the first quarter of 2021 had two main characteristics : a rebound in automotive production , mainly driven by China ( + 10.6 % overall but -2.7 % outside China ( 1 ) and increasing difficulties in sourcing raw materials and electronic components for car and equipment manufacturers . In this still fragile context , AKWEL recorded growth of + 6.3 % on a like - for - like basis . The currency impact was - € 17.5m compared to the first quarter of 2020 , of which the Turkish lira accounts for - € 10.3m and the US dollar accounts for - € 6.3m . OUTPERFORMANCE IN EUROPE AND NORTH AMERICA The geographical breakdown of turnover by production zone was as follows : • France : € 77.8m ( -2.6 % ) • North America : € 67.1m ( -4.0 % ) • Europe ( excluding France ) and Africa : € 86.3m ( + 3.8 % ) • Asia and the Middle East ( including Turkey ) : € 40.5m ( + 3.9 % ) • South America : € 1.6m ( -2.4 % ) On a like - for - like basis , AKWEL continues to outperform its benchmark markets in its main regions of operation , excluding China , which accounts for less than 3 % of the group's business . ( 1 ) Source : IHS Markit , April 2021 WWW.AKWEL-AUTOMOTIVE.COM [ 1 ]