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AKWEL: PROBABLE NON-RECURRING CHARGE FOR FISCAL 2025
Champfromier, Friday, May 16, 2025 AKWEL: PROBABLE NON-RECURRING CHARGE FOR FISCAL 2025 AKWEL (FR0000053027, AKW, PEA-eligible), a systems supplier to the automotive and truck industries specialising in fluid management, mechanisms, and structural parts for electric vehicles, has signed a customer agreement regarding quality issues relating to SCR tanks produced by the Group. This agreement, which resolves outstanding litigation, could have a negative impact of around -19 M€ on earnings for the
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Champfromier, Friday, May 16, 2025 AKWEL: PROBABLE NON-RECURRING CHARGE FOR FISCAL 2025 AKWEL (FR0000053027, AKW, PEA-eligible), a systems supplier to the automotive and truck industries specialising in fluid management, mechanisms, and structural parts for electric vehicles, has signed a customer agreement regarding quality issues relating to SCR tanks produced by the Group. This agreement, which resolves outstanding litigation, could have a negative impact of around -19 M€ on earnings for the 2025 financial year, after reversal of provisions already set aside for this purpose. This one-off charge could be limited in part by the insurance cover taken out by the Group. AKWEL will communicate on this subject as soon as the amounts covered by its insurance partners have been precisely validated. Contact AKWEL Benoit Coutier - Finance & Legal VP - Tel: +33 4 50 56 98 68 EKNO - Press relations Jean-Marc Atlan - [email protected] - Tel.: +33 6 07 37 20 44 ACTUS - Investor Relations Mathieu Calleux - [email protected] - Tel.: +33 1 53 65 68 68 Attachment