Brief: Azelis Eyes Return To Organic Growth During 2024

Azelis NV

07/03/2024 06:10

March 7 (Reuters) - Azelis Group NV  AZE.BR :
    * FY REVENUE OF EUR 4.2BN, REPRESENTING YEAR-ON-YEAR GROWTH
OF
1.0% (5.3% ON A CONSTANT CURRENCY BASIS)
    * FY GROSS PROFIT OF EUR 984.1M REPRESENTS YEAR-ON-YEAR
GROWTH OF
2.4% COMPARED TO PRIOR YEAR
    * PROPOSAL FOR A DIVIDEND OF EUR 53.3M, REPRESENTING 30% OF
DISTRIBUTABLE NET PROFIT, AND IMPLIES EUR 0.22 (ROUNDED)
DIVIDEND PER SHARE
    * FY NET PROFIT EUR 189.3 MILLION
    * FY ADJUSTED EBITDA EUR 500.6 MILLION
    * WE EXPECT TO RETURN TO ORGANIC GROWTH DURING 2024,
ALTHOUGH
TIMING OF RECOVERY REMAINS UNCERTAIN

Source text: https://tinyurl.com/yc6dbr4k
Further company coverage:  AZE.BR 

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