Akwel - A good 1st half 2023 in terms of sales but no boom
Sales performed well in H1, like the sector as a whole, thanks to base effectsHowever, the Group once again outperformed global automotive production by 5ptsRevised 2-digit growth for the year, wih a still very cautious approach to earnings, which seems totally justified given the current environmentADD opinion confirmed on this high-quality, high-value stock, which is just beginning a new cycle of heavy investmentMGI Coutier and its subsidiaries are engaged in the manufacture of automobile parts, which are divided into 6 divisions: The motor division designs and manufactures components for engines. The mechatronics division develops and supplies electrical components. The ventilation and accessory division designs and manufactures plastic cockpit equipment and mechanisms. The opening mechanism division specializes in opening mechanisms and door hinges. The fuel and fluid systems division focuses on fuel systems. The distribution and spare parts division markets Co.'s products to wholesalers, and produces metal and plastic parts for use in household appliances, office equipment and cycles.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.