Azelis Group
LSE:0AA6

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Azelis Group
LSE:0AA6
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Price: 9.2562 EUR -0.82% Market Closed
Market Cap: 2.2B EUR

Azelis Group
Investor Relations

Azelis Group, rooted in the bustling port city of Antwerp, Belgium, has delicately crafted its identity as a leading speciality chemicals and food ingredients distributor. Operating across a vast network, Azelis serves as the vital bridge connecting global chemical manufacturers with a diverse array of local industrial sectors. Beyond mere distribution, the company is renowned for providing complex formulations and innovative solutions that assist its myriad clients in enhancing the performance and sustainability of their products. By embedding itself intimately within its partners’ R&D processes, Azelis ensures the creation of tailored solutions that meet the evolving needs of industries such as agriculture, personal care, and food.

Financially, Azelis thrives by leveraging its extensive logistics network and synergies in procurement and distribution. Its profitability hinges on the robust partnerships it maintains with both suppliers and customers. The company maximizes value through strategic acquisitions that expand its geographical presence and product portfolio, enhancing its market reach while fostering deeper integration with local ecosystems. Azelis also invests in its laboratories and technical development capabilities, which allow it to differentiate its offerings and command premium pricing. This focus on specialization, innovation, and relational symbiosis defines Azelis's business model, ensuring its role as a pivotal force in the complex world of specialty chemicals distribution.

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Last Earnings Call
Fiscal Period
Q2 2022
Call Date
Aug 9, 2022
AI Summary
Q2 2022

Revenue Growth: Azelis reported revenue of EUR 2.019 billion for H1 2022, up 54% year-on-year, with 27.6% organic growth.

Profit Expansion: Gross profit increased by 65% to EUR 489 million, with a gross margin of 24.2% (up 157 bps YoY). Adjusted EBITA rose 91% to EUR 243 million.

Margin Gains: Conversion margin improved by 673 basis points to 49.7%, and adjusted EBITDA margin increased to 12%.

Cash Flow Strength: Free cash flow rose 74% year-on-year to EUR 139 million, despite higher working capital.

M&A Activity: 10 acquisitions year-to-date, including entry into South America via ROCSA; acquired businesses had EUR 460 million combined 2021 revenues.

Guidance Update: Full-year 2022 EBITA guided to EUR 410–425 million, with management noting increased market uncertainty but strong order book.

Regional Performance: All regions delivered double-digit organic growth; Asia Pacific fastest at 86% total revenue growth, though China faced headwinds.

Resilience & Outlook: Management confident in sustaining and gradually expanding margins, citing robust innovation, M&A, and volume-driven growth.

Key Financials
Revenue
EUR 2.019 billion
Organic Revenue Growth
27.6%
Gross Profit
EUR 489 million
Gross Margin
24.2%
Adjusted EBITA
EUR 243 million
Adjusted EBITDA
EUR 255 million
Adjusted EBITDA Margin
12%
Conversion Margin
49.7%
Net Profit
EUR 141.7 million
Free Cash Flow
EUR 139 million
Net Working Capital as % of Revenue
15.4%
Net Debt
EUR 991 million
Leverage Ratio
2.3x
Liquidity
EUR 660 million
2022 EBITA Guidance
EUR 410–425 million
Other Earnings Calls
2022

Management

Mr. Thijs Bakker
CFO & Executive Director
No Bio Available
Ms. Anna Bertona
Chief Executive Officer
No Bio Available
Mr. Gerrit De Vos
Group General Counsel, Chief Compliance Officer & Company Secretary
No Bio Available
Jia Yu Peh
Group Human Resources Director
No Bio Available
Mr. Frank P. Bergonzi
Consultant
No Bio Available
Mr. Sertac Surur
CEO of Asia Pacific
No Bio Available
Ms. Pamela Antay
Senior Vice President of Equity & Credit Relations
No Bio Available
Mr. Todd Cottrell
Chief Executive Officer of Americas
No Bio Available
Ms. Evy Hellinckx
Chief Executive Officer of EMEA
No Bio Available

Contacts

Address
ANTWERPEN
Berchem
Posthofbrug 12, Bus 6
Contacts
+3236130120.0