(AOF) – Akwell
Akwel recorded consolidated revenue of 245.8 million euros in the first quarter of 2022, down 10.1% as reported compared to the first quarter of 2021. The global automotive market, although expected to show slight growth in the first part of 2022, continued to suffer from production disruptions at manufacturers, due to problems with the supply of raw materials and electronic components, specifies the automotive supplier. These difficulties were amplified at the end of the quarter with the events in Ukraine.
Sales were up 1%, at 31.3 billion euros on a like-for-like basis in the first quarter. Turnover in health was up 6%, at 4.4 billion euros. Commercial insurance revenues excluding AXA XL Re (-12% to 1.5 billion euros) increased by 4%, to 10.7 billion euros and those of personal protection, by 3%, to 4.3 Billions of Euro’s. The turnover of life insurance, savings, retirement fell by 3% to 8.4 billion euros.
JCDecaux’s adjusted revenue for the first quarter of 2022 increased by 50.3% to 683 million euros, compared to 454.3 million euros in the first quarter of 2021. Excluding the positive impact changes in exchange rates (no impact of changes in scope in the first quarter of 2022), adjusted revenue increased by 45.7%. Street Furniture, the outdoor communication specialist’s leading item, grew by 55.3% (+52.6% organically) to 347.5 million euros.
Rubis achieved revenue in the first quarter of 2022 of 1.473 billion euros, up 49% year-on-year. Activity was driven mainly by the rise in oil prices, but also by the strong growth in volumes (+10%), up on pre-Covid levels. The hydrocarbon distributor generally benefited from the recovery of tourism in the Caribbean region, specific growth reservoirs (LPG-fuel) in Europe and good commercial momentum in the network of stations in East Africa.
The reinsurer will publish its results in the first quarter.