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Azelis Group NV (AZLGF) (Q4 2024) Earnings Call Highlights: Strategic Growth and Resilience ...
Fri 21 Feb 25, 07:01 AM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 175.16M | 256.11M | 247.24M | 314.67M | 120.20M |
| Minority interest | -2.21500M | -8.77500M | -11.60800M | -5.68600M | -2.46900M |
| Net income | 111.15M | 180.69M | 177.70M | 213.19M | 67.76M |
| Selling general administrative | 172.51M | 79.94M | 80.24M | 70.96M | 85.46M |
| Selling and marketing expenses | - | 95.03M | 86.53M | 87.80M | 62.49M |
| Gross profit | 499.73M | 1031.05M | 960.67M | 960.74M | 641.67M |
| Reconciled depreciation | 127.21M | 114.92M | 101.10M | 84.73M | 59.38M |
| Ebit | 291.51M | 362.08M | 344.61M | 348.51M | 170.10M |
| Ebitda | 418.67M | 477.01M | 445.70M | 433.24M | 229.48M |
| Depreciation and amortization | 127.16M | 114.92M | 101.10M | 84.73M | 59.38M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 291.51M | 385.93M | 386.90M | 388.43M | 207.81M |
| Other operating expenses | 3817.73M | 3852.04M | 3765.32M | 3736.47M | 2619.48M |
| Interest expense | 124.00M | 144.29M | 97.37M | 38.22M | 49.90M |
| Tax provision | 61.82M | 66.64M | 57.93M | 95.79M | 49.97M |
| Interest income | 5.12M | 14.82M | 10.69M | 0.62M | 0.62M |
| Net interest income | -118.34300M | -123.45700M | -132.01100M | -76.09800M | -86.30900M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 61.80M | 66.64M | 57.93M | 95.79M | 49.97M |
| Total revenue | 4109.24M | 4237.97M | 4152.23M | 4124.90M | 2827.30M |
| Total operating expenses | 208.22M | 645.12M | 573.77M | 572.32M | 433.86M |
| Cost of revenue | 3609.51M | 3206.92M | 3191.55M | 3164.16M | 2185.62M |
| Total other income expense net | -116.34941M | -129.81800M | -139.66500M | -73.75600M | -87.61500M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 113.41M | 189.47M | 189.31M | 218.88M | 70.22M |
| Net income applicable to common shares | - | - | - | 213.19M | 67.76M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 5404.65M | 5762.88M | 5572.23M | 4976.73M | 3981.80M |
| Intangible assets | 1285.52M | 1391.78M | 1345.42M | 1170.49M | 1004.26M |
| Earning assets | - | - | - | - | - |
| Other current assets | - | 11.38M | 100.91M | -0.00100M | 1.52M |
| Total liab | 2689.94M | 2842.73M | 2895.65M | 2537.05M | 1730.46M |
| Total stockholder equity | 2693.57M | 2876.14M | 2590.00M | 2384.53M | 2227.55M |
| Deferred long term liab | - | - | - | - | 3.54M |
| Other current liab | 17.11M | 204.05M | 356.02M | 336.49M | 191.44M |
| Common stock | 5877.80M | 5880.00M | 5880.00M | 5680.00M | 5680.00M |
| Capital stock | 5880.00M | 5880.00M | 5880.00M | 5680.00M | 5680.00M |
| Retained earnings | 989.43M | 876.33M | 637.08M | 405.76M | 164.57M |
| Other liab | - | - | - | 302.14M | 157.92M |
| Good will | 2471.30M | 2536.84M | 2409.25M | 2174.26M | 1803.27M |
| Other assets | - | - | - | 32.36M | 15.38M |
| Cash | 262.91M | 303.94M | 484.87M | 268.16M | 141.29M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 709.52M | 818.87M | 939.75M | 975.35M | 678.43M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | 1744.26M | 1540.05M | 1291.22M | 1167.53M | 871.14M |
| Short term debt | 137.17M | 95.60M | 125.12M | 176.12M | 118.33M |
| Short long term debt | 108.85M | 66.32M | 98.85M | 155.74M | 103.13M |
| Short long term debt total | 2007.17M | 1843.99M | 1776.10M | 1435.69M | 1012.44M |
| Other stockholder equity | -4173.66521M | -3880.18800M | -7854.15400M | -3701.23100M | -3617.02000M |
| Property plant equipment | - | - | - | 154.87M | 118.59M |
| Total current assets | 1386.02M | 1582.90M | 1593.49M | 1444.52M | 1043.67M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | - | - | -960.21000M | -576.43000M |
| Short term investments | 0.00500M | 0.60M | 0.06M | 0.28M | 1.52M |
| Net receivables | 535.13M | 589.03M | 444.86M | 548.34M | 433.38M |
| Long term debt | 1602.49M | 1613.92M | 1550.63M | 1178.39M | 840.03M |
| Inventory | 587.97M | 677.95M | 562.79M | 627.74M | 467.47M |
| Accounts payable | 555.24M | 486.80M | 434.08M | 462.73M | 368.66M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | - | -3927.07700M | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 0.00100M | 0.60M | 27.16M | 0.28M | 3.04M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 4018.63M | 4179.98M | 3978.74M | 3532.21M | 2938.13M |
| Capital lease obligations | 162.47M | 163.75M | 126.62M | 101.56M | 69.28M |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -255.33000M | -600.05500M | -572.10800M | -652.17100M |
| Change to liabilities | - | - | - | 22.34M | 80.39M |
| Total cashflows from investing activities | -257.35357M | -255.33000M | -600.05500M | -572.10800M | -652.17100M |
| Net borrowings | 22.01M | 44.35M | 314.77M | 400.45M | -338.95200M |
| Total cash from financing activities | -68.87619M | -246.99400M | 304.92M | 341.04M | 523.83M |
| Change to operating activities | - | - | - | 1.14M | -1.22600M |
| Net income | 111.15M | 189.47M | 189.31M | 218.88M | 70.22M |
| Change in cash | -4.88807M | -181.78900M | 228.84M | 136.98M | -38.92700M |
| Begin period cash flow | 267.80M | 466.59M | 237.75M | 100.77M | 139.70M |
| End period cash flow | 262.91M | 284.80M | 466.59M | 237.75M | 100.77M |
| Total cash from operating activities | 310.83M | 322.94M | 525.10M | 368.59M | 89.90M |
| Issuance of capital stock | - | 0.00000M | 200.00M | 0.00000M | 930.00M |
| Depreciation | 127.16M | 114.92M | 101.10M | 84.73M | 59.38M |
| Other cashflows from investing activities | - | - | - | - | - |
| Dividends paid | 54.89M | 53.31M | 67.77M | 7.01M | 7.01M |
| Change to inventory | 66.02M | -98.10800M | 123.60M | -65.75100M | -101.37300M |
| Change to account receivables | - | -55.16700M | 77.76M | 27.19M | -47.90100M |
| Sale purchase of stock | -1.13757M | -2.50700M | -3.40800M | -2.99900M | - |
| Other cashflows from financing activities | -34.85394M | -235.52300M | -138.66900M | 568.43M | 825.17M |
| Change to netincome | - | - | - | 85.75M | 1.55M |
| Capital expenditures | 24.90M | 13.88M | 15.48M | 18.44M | 18.29M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 48.98M | -132.89900M | 128.20M | -15.07700M | -70.10500M |
| Stock based compensation | 1.80M | 1.28M | 1.37M | 0.84M | - |
| Other non cash items | 23.54M | 150.17M | 139.76M | 79.22M | 30.39M |
| Free cash flow | 285.93M | 309.06M | 509.61M | 350.15M | 71.61M |
Sector: Basic Materials Industry: Specialty Chemicals
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AZLGF Azelis Group NV |
- -% | 11.62 | 16.37 | 12.90 | 0.53 | 0.77 | 1.00 | 10.33 |
| LIN Linde plc Ordinary Shares |
-4.45 0.86% | 512.26 | 33.77 | 28.90 | 6.56 | 5.42 | 7.03 | 18.92 |
| AIQUY Air Liquide SA ADR |
0.05 0.13% | 37.86 | 30.69 | 24.81 | 4.70 | 4.10 | 4.36 | 15.61 |
| AIQUF L'Air Liquide S.A |
0.02 0.01% | 189.41 | 30.66 | 24.51 | 4.69 | 4.05 | 4.36 | 15.61 |
| SHW Sherwin-Williams Co |
6.00 1.89% | 322.90 | 33.33 | 27.40 | 3.38 | 20.60 | 3.88 | 21.36 |
Azelis Group NV engages in the distribution of specialty chemicals and food ingredients. The company provides specialty chemical products used in the life sciences, such as personal care, home care, industrial cleaning, pharmaceuticals, healthcare, food and nutrition, animal nutrition, agricultural environmental, flavours and fragrances, and nutraceuticals solutions; and industrial chemicals industry, including CASE, advanced materials and additives, lubricants, metalworking fluids, electronics, essential and fine chemicals, textiles, leather, and paper markets. It operates in Europe, Middle East, and Africa, as well as the Americas and the Asia-Pacific. Azelis Group NV was founded in 1996 and is headquartered in Antwerp, Belgium.
Posthofbrug 12, Antwerp, Belgium, 2600
| Name | Title | Year Born |
|---|---|---|
| Dr. Hans-Joachim Müller | Group CEO & Exec. Director | 1959 |
| Mr. Thijs Bakker | CFO & Exec. Director | 1974 |
| Mr. Gerrit De Vos | Group Gen. Counsel, Chief Compliance Officer & Company Sec. | NA |
| Mr. Frank P. Bergonzi | CEO & Pres of Americas | 1961 |
| Ms. Anna Bertona | CEO & Pres of EMEA | 1967 |
| Mr. Laurent Nataf | Chief Mergers & Acquisitions (M&A) Officer | 1975 |
| Mr. Sertac Surur | CEO & Pres for Asia Pacific | NA |
| Ms. Pamela Antay | Sr. VP of Equity & Credit Relations | NA |
| Mr. Thijs Bakker | CFO & Executive Director | 1975 |
| Ms. Anna Bertona | Chief Executive Officer | 1968 |
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