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AKWEL Press release Thursday 29 July 2021 TURNOVER INCREASES 26 % IN THE FIRST HALF OF 2021 • + 33.7 % growth at constant scope and exchange rates • Activity and visibility adversely affected by production difficulties in the sector • Continued cash generation and a record positive net cash position AKWEL ( FR0000053027 , AKW , PEA - eligible ) , the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms , has posted consolidated turnover of € 487.6m in the first half of 2021 , up by 26.0 % compared to the first half of the previous year . Activity remains down by -13.9 % compared to the first half of 2019 . Consolidated turnover ( 1 January to 30 June 2021 ) In € millions - unaudited 2021 2020 Variation Like - for - like variation ( 1 ) 1st quarter 273.3 273.5 -0.1 % + 6.3 % 2nd quarter 214.3 113.5 + 88.7 % + 99.7 % 1st half - year 487.6 387.0 + 26.0 % + 33.7 % ( 1 ) Comparing like - for - like figures . A CONTRASTING SECOND QUARTER In the second quarter of 2021 , AKWEL saw its turnover increase by 88.7 % when comparing published figures and by 99.7 % when taking exchange rates and scope as constants . The negative currency impact was - € 12.6m , of which the Turkish lira accounts for - € 7.6m and the US dollar accounts for - € 5.2m . Although the group's quarterly turnover was up sharply , this was in comparison to a second quarter of 2020 in which worldwide vehicle production virtually ceased for two months and was down by -21.7 % compared to 2019 . Activity has continued to be impacted by major procurement difficulties for the main raw materials and electronic components . This situation is affecting the organisation of the entire supply chain , resulting in unplanned production stoppages among the manufacturers . BREAKDOWN OF TURNOVER The geographical breakdown of turnover by production zone was as follows during this six - month period : • France : € 138.8m ( + 25.6 % ) • Europe ( excluding France ) and Africa : € 153.4m ( + 29.9 % ) • North America : € 121.8m ( + 25.1 % ) • Asia and the Middle East ( including Turkey ) : € 70.4m ( + 19.2 % ) • South America : € 3.2m ( + 64.4 % ) On a like - for - like basis , AKWEL continues to outperform its benchmark markets in its two main regions of operation , in Europe and North America . The turnover for Products and Functions increased for the six - month period by + 28.1 % at € 467.2m , with additional market share being gained in the Oil , Fuel and Cooling activities and a sustained Aftermarket activity for SCR tanks . The turnover for Tooling was down by -15.9 % at € 15.2m . WWW.AKWEL-AUTOMOTIVE.COM [ 1 ]