Upcoming Dividend • Jun 22
Upcoming dividend of €0.16 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.4%). Aankondiging • Apr 30
Gimv Anchor Investments acquired 5% stake in Azelis Group NV (ENXTBR:AZE). Gimv Anchor Investments acquired 5% stake in Azelis Group NV (ENXTBR:AZE) on April 30, 2026.
Gimv Anchor Investments completed the acquisition of 5% stake in Azelis Group NV (ENXTBR:AZE) on April 30, 2026. Aankondiging • Apr 11
Azelis Group Nv Announces Board Changes Azelis Group NV announced that Following the voluntary resignation of Mr. Bert Janssens and Mr. Kristiaan Nieuwenburg as non-executive directors of the Company, nominated by EQT’s subsidiary Akita I S. à r. l., effective as of the end of the meeting of the Board of Directors held on 17 February 2026. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.21, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Trade Distributors industry in Europe. Total loss to shareholders of 63% over the past three years. Board Change • Mar 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Observer Floris Halder is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Feb 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Declared Dividend • Feb 23
Dividend of €0.16 announced Shareholders will receive a dividend of €0.16. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 66% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 4.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: €0.46 (vs €0.74 in FY 2024) Full year 2025 results: EPS: €0.46 (down from €0.74 in FY 2024). Revenue: €4.11b (down 2.4% from FY 2024). Net income: €111.2m (down 39% from FY 2024). Profit margin: 2.7% (down from 4.3% in FY 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Trade Distributors industry in Europe. Aankondiging • Feb 19
Azelis Group Nv Proposes Dividend for the Year Ended 31 December 2025, Payable on 1 July 2026 Azelis Group NV Board proposed to pay out a dividend of EUR 0.226 per share for the year ended 31 December 2025. 27 June 2026 is the Ex-dividend date, 30 June 2026 is the Dividend record date, and 1 July 2026 is the Dividend payment date. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €10.06, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Trade Distributors industry in Europe. Aankondiging • Jul 10
Azelis Group NV (ENXTBR:AZE) acquired Azienda Chimica E Farmaceutica S.r.l. In Breve A.c.e.f. S.r.l. Azelis Group NV (ENXTBR:AZE) acquired Azienda Chimica E Farmaceutica S.r.l. In Breve A.c.e.f. S.r.l. on July 9, 2025.
Azelis Group NV (ENXTBR:AZE) completed the acquisition of Azienda Chimica E Farmaceutica S.r.l. In Breve A.c.e.f. S.r.l. on July 9, 2025. Aankondiging • Apr 07
Azelis Group NV (ENXTBR:AZE) acquired Solchem Nature Sl. Azelis Group NV (ENXTBR:AZE) acquired Solchem Nature Sl on April 7, 2025. The acquisition aligns with Azelis’s strategy as it focusses on a targeted business that supports growing its market share in Spain, adding expertise to its EMEA-wide nutraceutical platform.
Azelis Group NV (ENXTBR:AZE) completed the acquisition of Solchem Nature Sl on April 7, 2025. Aankondiging • Mar 15
Azelis Group NV (ENXTBR:AZE) announces an Equity Buyback for 50,000 shares, for €1 million. Azelis Group NV (ENXTBR:AZE) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, for €1 million worth of its shares. The shares repurchased will be used to cover company's Long-Term Incentive Plan. The repurchased shares will be held as treasury shares. The program will expire on May 31, 2025. Aankondiging • Nov 19
Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Haarla Oy from J. Haarla Group Oy. Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Haarla Oy from J. Haarla Group Oy on November 18, 2024. This is subject to fulfillment of customary closing conditions. The transaction is expected to close by the end of 2024. Aankondiging • Sep 27
Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire HORTIMEX Sp. z o.o. Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire HORTIMEX Sp. z o.o. on September 26, 2024.
The transaction is subject to fulfilment of customary transaction conditions and is expected to close in the fourth quarter 2024. Aankondiging • Jun 15
Azelis Group NV Approves Gross Dividend, Payable as of July 2, 2024 Azelis Group NV announced that at the AGM approved for the fiscal year 2023 the payment of a gross dividend of (rounded) €0.22 per share, net (rounded) €0.15 per share after deduction of Belgian withholding tax of 30% . The ex-dividend date will be June 28th, 2024, record date July 1st, 2024, and the dividend (coupon no. 3) will be payable as of July 2nd, 2024, via their paying agent KBC Bank NV. Aankondiging • May 09
Azelis Group NV Announces Directorate Resignations, Effective June 16, 2024 Azelis Group NV announced resignation of Mr. Antonio Trius as independent director and chair of the Board of Directors on 19 April 2024 effective as of this general shareholders' meeting and resignation of Mrs. Alexandra Brand as independent director on 19 April 2024 effective as of this general shareholders' meeting. New Risk • Apr 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (44% net debt to equity). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Aankondiging • Mar 30
Azelis Group NV (ENXTBR:AZE) agreed to acquire PT Marga Dwi Kencana. Azelis Group NV (ENXTBR:AZE) agreed to acquire PT Marga Dwi Kencana on March 28, 2024. The transaction is expected to close in the second quarter of 2024, after fulfillment of customary closing conditions. Declared Dividend • Mar 22
Dividend of €0.15 announced Shareholders will receive a dividend of €0.15. Ex-date: 28th June 2024 Payment date: 2nd July 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 171% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 12
Azelis Group NV (ENXTBR:AZE) announces an Equity Buyback for 130,000 shares, for €2.8 million. Azelis Group NV (ENXTBR:AZE) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, for €2.8 million worth of its shares. The shares repurchased will be used to cover company's Long-Term Incentive Plan. The repurchased shares will be held as treasury shares. The program will expire on May 31, 2024. Aankondiging • Mar 07
Azelis Group NV Proposes Dividend for the Year Ended December 31, 2023, Payable on July 2, 2024 Azelis Group NV proposed a dividend of EUR 53.3 million, representing 30% of distributable net profit, and implies EUR 0.22(rounded) dividend per share for the year ended December 31, 2023. Ex-dividend date is June 28, 2024. Dividend record date is July 1, 2024. Dividend payment date is July 2, 2024. Aankondiging • Dec 15
Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Localpack S.A. Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Localpack S.A. on December 14, 2023. The transaction is subject to certain customary closing conditions and is expected to close early in the first quarter of 2024. Aankondiging • Nov 11
Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Agspec Australia Pty Ltd. Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Agspec Australia Pty Ltd on November 9, 2023. Founders of Agspec, Jonathon Lillecrapp and Andrew Glynn,will remain with the company to ensure a seamless transition. The transaction, after fulfilment of customary closing conditions, is expected to close in Q1 2024. Aankondiging • Oct 23
Azelis Group NV (ENXTBR:AZE) agreed to acquire BLH SAS. Azelis Group NV (ENXTBR:AZE) agreed to acquire BLH SAS on October 23, 2023. The acquisition strengthens Azelis’ global footprint in flavors & fragrances, which was created over the last two years following the acquisition of Quimdis in France, Vigon in America and Ashapura in India. Experts in the distribution of premium fragrance ingredients, BLH’s attractive portfolio perfectly complements the current natural ingredient ranges offered by Azelis. The transaction is expected to close in November. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €19.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Trade Distributors industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €25.51 per share. Upcoming Dividend • Jun 14
Upcoming dividend of €0.19 per share at 1.3% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Aankondiging • Jun 09
Azelis Group NV Approves Dividend for the Fiscal Year 2022, Payable as of 23 June 2023 Azelis Group NV at its Annual General Meeting held on June 8, 2023, approved the payment of a gross dividend of €0.2782 per share, net €0.1947 per share after deduction of Belgian withholding tax of 30% for the fiscal year 2022, compared to €0.03 per share for 2021 (net €0.02). The ex-dividend date will be 21 June 2023, record date will be 22 June 2023 and the dividend (coupon no. 2) will be payable as of 23 June 2023 via the company’s paying agent KBC Bank NV. Aankondiging • May 30
Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Sirius International Water Treatment B.V. Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Sirius International Water Treatment B.V. on May 30, 2023. Aankondiging • May 18
Azelis Group NV has completed a Follow-on Equity Offering in the amount of €199.999985 million. Azelis Group NV has completed a Follow-on Equity Offering in the amount of €199.999985 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,075,566
Price\Range: €19.85
Transaction Features: Rule 144A; Subsequent Direct Listing Aankondiging • May 17
Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Gillco Ingredients. Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Gillco Ingredients on May 16, 2023. All of Gillco’s staff are expected to transition to Azelis, and Bill Gillies will remain with Gillco to ensure a seamless transition. The transaction is expected to close in the second quarter of 2023, after the fulfilment of customary closing conditions. Aankondiging • May 12
Azelis Group NV Provides Earnings Guidance for the Full Year 2023 Azelis Group NV provides earnings guidance for the full year 2023. For the year, the company remains confident of delivering on its midterm guidance of achieving annual revenue growth of 8% to 10%. Board Change • Mar 15
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ipek Ozsuer was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Jan 25
Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Lidorr Chemicals Ltd. Azelis Group NV (ENXTBR:AZE) signed an agreement to acquire Lidorr Chemicals Ltd on January 24, 2023. With this acquisition, Azelis significantly strengthens its presence and expertise with a team of 90 employees, including 35 technical sales experts, serving over 400 customers in Israel. Aankondiging • Nov 15
Azelis Group NV, Annual General Meeting, Jun 08, 2023 Azelis Group NV, Annual General Meeting, Jun 08, 2023. Agenda: Annual General Meeting. 
