Belgium's Azelis 2025 revenue slightly misses estimates

Azelis NV

19/02/2026 06:12

Overview

Belgium-based specialty chemical distributor's 2025 revenue slightly missed analyst expectations

Free cash flow increased by 29.2% to EUR 442 mln, driven by cost controls

Company completed four acquisitions with prior year revenue over EUR 110 mln

Outlook

Azelis plans to deploy excess capital to drive sustainable organic growth

Company intends to maintain a strong balance sheet through prudent de-leveraging

Azelis confident in strategy to navigate current market volatility

Result Drivers

ACQUISITIONS - Revenue growth from acquisitions partially offset organic decline and FX impact

COST CONTROL - Strong cash flow growth attributed to cost controls and working capital management

NEGATIVE MIX EFFECT - Gross profit margin contraction due to negative mix effect across the Group

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Miss*
EUR 4.11 bln
EUR 4.14 bln (16 Analysts)
FY Net Income
EUR 113 mln
FY Adjusted EBITA
EUR 411 mln
FY Adjusted EBITA Margin
10.00%
FY Free Cash Flow
EUR 442 mln
FY Gross Profit
EUR 968 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy"

Wall Street's median 12-month price target for Azelis Group NV is €13.00, about 51.7% above its February 18 closing price of €8.57

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw2Gxzjha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)