Azelis Group N.V.

AZE

Equity

ISIN BE0974400328 / Valor 113722477

Euronext - Euronext Brussels (2024-12-23)

EUR 18.91+0.27%

Azelis Group N.V.
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About company

Azelis Group N.V. is a leading global distributor of specialty chemicals and ingredients, providing a wide range of products and services to various industries. The company offers a customer portal that allows users to access trends, formulations, products, and related documentation, as well as order samples, request quotes, and reorder products. With a focus on innovation and customer service, Azelis aims to provide a seamless and connected experience for its clients in the chemical and ingredient supply chain.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Azelis Group N.V. reported revenue of EUR 4.2 billion for the full year of 2023, marking a 1% increase over the prior year. On a constant currency basis, this represents a 5.3% increase. The revenue growth was primarily driven by acquisitions, which contributed 11.2%, offsetting a 5.9% organic revenue contraction and a 4.2% FX translation headwind.

Gross Profit

The gross profit for Azelis Group N.V. in 2023 was EUR 984.1 million, reflecting a year-on-year growth of 2.4%. The gross profit margin expanded by 32 basis points to 23.7%, which was attributed to positive mix effects across the company's various business segments.

Adjusted EBITA

Azelis Group N.V. achieved an adjusted EBITA of EUR 466.3 million in 2023, representing a 2.1% year-on-year increase. The adjusted EBITA margin saw a slight improvement, stepping up by 11 basis points to 11.2%. This indicates the company's ability to maintain profitability despite challenging market conditions.

Free Cash Flow

The free cash flow for Azelis Group N.V. increased significantly by 37.3% to EUR 601.2 million in 2023. This resulted in a cash conversion ratio of 127.4%, demonstrating the company's strong cash-generative capabilities. Free cash flow per share was EUR 2.5, compared to EUR 1.9 in the previous year.

Net Profit

Azelis Group N.V. reported a net profit of EUR 189.3 million for the year 2023. This figure includes EUR 21 million of non-cash financial charges related to hyperinflation accounting and adjustments in the fair value of certain derivative instruments. Despite these charges, the company maintained a robust financial performance.

Summarized from source with an LLMView Source

Key figures

-14.1%1Y

-25.9%3Y

%5Y

Performance

32.4%1Y

35.3%3Y

34.7%5Y

Volatility