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AKWEL Press release Wednesday 10 November 2021 REVENUE FIGURES FOR THE THIRD QUARTER OF 2021 AKWEL ( FR0000053027 , AKW , PEA - eligible ) , the automotive and HGV equipment and systems manufacturer specialising in fluid and mechanism management , posted consolidated revenue of € 699.1m over the first nine months of 2021 , up by 7.7 % compared to the same period last year . Consolidated revenue ( 1 January to 30 September 2021 ) 2021 2020 Variation Like - for - like variation ( 1 ) 273.3 273.5 -0.1 % + 6.3 % 214.3 113.6 + 88.7 % + 99.7 % 211.5 262.0 -19.3 % -17.3 % 699.1 649.1 + 7.7 % + 13.1 % In € millions - unaudited 1st quarter 2nd quarter 3nd quarter Total for 9 months ( 1 ) Comparing like - for - like figures . Q3 BUSINESS STILL SUBJECT TO SUPPLY DIFFICULTIES Although AKWEL managed to organise its production against a backdrop of tension on commodities and electronic components , volumes remained at low levels for the global automotive industry , compared with a third quarter of 2020 characterised by a strong catch - up effect . Q3 revenue fell by 19.3 % and by 17.3 % when taking exchange rates and scope as constants . Business during September was nevertheless above the low points seen in May and June . Products & Functions revenue was down 17.2 % during the third quarter compared with 2020 , although the performance by business days outstripped the performance during the second quarter , which is a first . The Oil , Fuel , Cooling and Mechanisms businesses achieved double - digit growth , while the Washing product line posted a significant decline . ANALYSIS OF THE BREAKDOWN OF REVENUE The geographical breakdown of revenue at 30 September by production zone was as follows : France : € 199.0m ( + 4.2 % ) Europe ( excluding France ) and Africa : € 209.3m ( + 10.6 % ) North America : € 181.2m ( + 9.2 % ) • Asia and the Middle East ( including Turkey ) : € 104.2m ( + 4.7 % ) • South America : € 5.4m ( + 65.0 % ) The Products and Functions revenue at the end of September 2021 was 9.8 % higher at € 672.7m , although it declined by 14.4 % versus the comparable period of 2019. Meanwhile , Tooling revenue reached € 20.0m over nine months , down 34.5 % ( and -44.4 % compared with 2019 ) . WWW.AKWEL-AUTOMOTIVE.COM [ 1 ]