(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.
Eiffage, through its subsidiary Eiffage Énergie Systèmes, has entered into an agreement to acquire 70% of Snef Telecom. Subsidiary of Snef and national reference player on the French mobile telecommunications market, Snef Telecom achieved a turnover of nearly 200 million euros in 2021, with around 1,000 employees spread throughout the territory.
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.
A difficult start to the year for Scor, which absorbed the shocks linked to potential losses resulting from the conflict in Ukraine, a series of natural disasters and the continuation of the pandemic in the United States. As a result, the reinsurer posted a net loss of 80 million euros in the first quarter of 2022, compared to a net result of 45 million in the first quarter of 2021. Premiums issued increased by 9.7% to 4.715 billion euros. The company’s equity stood at 6.064 billion at the end of March.
Veolia and Suez have signed an agreement for the acquisition by Suez of all hazardous waste assets in France as part of the commitments made by Veolia to the European Commission in terms of competition. The assets represent an enterprise value of 690 million euros. The agreement is materialized by a unilateral promise to purchase which should allow the parties to finalize the transaction as well as consultations with Veolia’s employee representative bodies and obtaining the necessary regulatory authorizations.
Vinci Construction, through its earthworks subsidiary dedicated to major projects, will build the Springbank water reservoir, located 15 km west of Calgary, on behalf of the Canadian province of Alberta. The work, the amount of which amounts to 379 million Canadian dollars (263 million euros), should last 3 years. This project will protect the residents of Calgary and the surrounding area by temporarily diverting and storing water from the Elbow River during floods to prevent flooding, such as that which occurred in 2013.