Investor Relations

Azelis is the reference global innovation service provider in the speciality chemical and food ingredients industry, present in 64 countries across the globe with over 4,100 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a comprehensive portfolio of complementary products to more than 65,000 customers, supported by +2,800 principal relationships, creating a turnover of €4.1 billion (2025). Azelis Group NV is listed on Euronext Brussels under ticker AZE and is included in the BEL20 and BEL®ESG indices.

Across our extensive network of more than 70 application laboratories, our award-winning teams develop innovative and sustainable formulations and provide technical guidance throughout the product development process. We combine global market reach with a local footprint to offer reliable, integrated, and unique digital services to local customers and attractive business opportunities to principals. Recognised for our sustainability leadership, we are committed to responsible growth that positively impacts people, communities and the planet. Through the application of science and deep market expertise, we act as catalysts for innovation, enabling our customers to win and our principals to grow.

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Annual General Meeting

Shareholder information

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Reports & presentations

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Investor Lab Tour 2024, Istanbul - Management Presentation

What is Azelis's value proposition?

A global leader in the speciality chemicals and food ingredients industry
Growth driven by leadership in innovation, digitalisation, and sustainability
Resilient business model with consistent organic and acquisition-driven growth

Key figures

	2019	2020	2021	2022	2023	2024	2025
Revenue (€m)	2,095.0	2,222.9	2,827.3	4,109.1	4,152	4,214.0	4,111
Gross Profit (€m)	444.7	486.1	650.1	960.7	984.1	1,031.0	968
Gross Profit Margin (%)	21.2%	21.9%	23.0%	23.4%	23.7%	24.5%	23.6%
Adjusted EBITA¹ (€m)	163.3	189.6	267.9	456.9	466.3	470.7	411
Adjusted EBITA Margin (%)	7.8%	8.5%	9.5%	11.1%	11.2%	11.2%	10.0%
Free Cash Flow² (€m)	137.2	188.3	181.6	438.0	601.2	341.8	442
Free Cash Flow conversion³ (%)	82.8%	98.4%	67.1%	94.8%	127.4%	72.1%	106.0%

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¹ Adjusted EBITA = Operating profit or loss before amortization and impairment of intangible assets and excluding adjustments
² Free Cash Flow = Adjusted EBITDA less lease payments, plus changes in Net Working Capital, plus changes in other assets liabilities and provisions, less net capital expenditures
³ Free Cash Flow Conversion = Free Cash Flow divided by Adjusted EBITDA less lease payments