Akwel (AKW) Q3 2024 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2024 TU earnings summary
13 Jun, 2025Executive summary
Nine-month consolidated revenue reached €757.7M, a decrease of 5.2% compared to the same period in 2023.
Third-quarter revenue declined 9.6% year-over-year to €228.9M, reinforcing the downward trend.
Financial highlights
Revenue at constant scope and exchange rates fell 4.8% for the nine-month period.
Net cash position stood at €140.5M as of October 31, 2024, up €25.4M from June 30, after €8.8M in investments during the quarter.
Outlook and guidance
Full-year revenue is expected to decline, impacted by the phase-out of SCR series activity and challenging market conditions.
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