Duyuru • 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. Duyuru • 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. Board Change • Mar 09
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. 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 1.9%, which is lower than the industry average of 2.1%. 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 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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 3.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. 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). Duyuru • 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 19% After last week's 19% share price gain to €9.76, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.37 per share. New Risk • Oct 10
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 04
First half 2025 earnings released: EPS: €0.34 (vs €0.39 in 1H 2024) First half 2025 results: EPS: €0.34 (down from €0.39 in 1H 2024). Revenue: €2.16b (flat on 1H 2024). Net income: €83.5m (down 12% from 1H 2024). Profit margin: 3.9% (down from 4.4% in 1H 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Duyuru • 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. Upcoming Dividend • Jun 20
Upcoming dividend of €0.16 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (2.4%). Duyuru • 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. Declared Dividend • Mar 17
Dividend of €0.16 announced Shareholders will receive a dividend of €0.16. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 18%. Duyuru • 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. Reported Earnings • Mar 07
Full year 2024 earnings released: EPS: €0.74 (vs €0.74 in FY 2023) Full year 2024 results: EPS: €0.74 (up from €0.74 in FY 2023). Revenue: €4.21b (up 1.5% from FY 2023). Net income: €180.7m (up 1.7% from FY 2023). Profit margin: 4.3% (in line with FY 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 25
Now 21% undervalued Over the last 90 days, the stock has risen 7.0% to €19.52. The fair value is estimated to be €24.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. New Risk • Feb 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Duyuru • 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. Duyuru • 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. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €0.39 (vs €0.44 in 1H 2023) First half 2024 results: EPS: €0.39 (down from €0.44 in 1H 2023). Revenue: €2.15b (flat on 1H 2023). Net income: €94.8m (down 8.3% from 1H 2023). Profit margin: 4.4% (down from 4.8% in 1H 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Trade Distributors industry in the United Kingdom. Board Change • Jul 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Non-Executive Director Bert Janssens is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • 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. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €18.48, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €24.29 per share. Buy Or Sell Opportunity • May 17
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at €18.85. The fair value is estimated to be €24.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Board Change • May 15
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Director Bert Janssens is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Tom Hallam was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • 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. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €23.46, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 7.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €26.67 per share. Buy Or Sell Opportunity • Apr 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to €20.36. The fair value is estimated to be €25.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Duyuru • 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. Duyuru • 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. Declared Dividend • Mar 10
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 2.1%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 205% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • 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. Duyuru • 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. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €19.56, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 19% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €30.02 per share. Duyuru • 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. Duyuru • 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. Buying Opportunity • Aug 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €24.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last year. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Reported Earnings • Aug 03
First half 2023 earnings released: EPS: €0.44 (vs €0.59 in 1H 2022) First half 2023 results: EPS: €0.44 (down from €0.59 in 1H 2022). Revenue: €2.14b (up 6.1% from 1H 2022). Net income: €103.5m (down 26% from 1H 2022). Profit margin: 4.8% (down from 6.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Trade Distributors industry in the United Kingdom. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • Nov 15
Azelis Group NV, Annual General Meeting, Jun 08, 2023 Azelis Group NV, Annual General Meeting, Jun 08, 2023. Agenda: Annual General Meeting. 
