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AKWEL's Q1 2024 Turnover Decline
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AKWEL, a French company specializing in automotive and heavy-vehicle parts, reported a turnover of €263.5 million for Q1 2024, marking a -4.0% decline from the previous year. Despite global production challenges, AKWEL maintained stable operations with a net cash position of €111.8 million by March 2024.
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How did AKWEL adapt its strategies to sustain operations amidst declining turnover?
What factors contributed to the challenges in the global automotive production affecting AKWEL's performance?
What implications might AKWEL's financial performance have on the broader automotive industry and related sectors?
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