Azelis Accomplishes 11% Increase in Half-Year Free Cash Flow in 2025
Azelis Reports H1 2025 Financial Results
In a press release issued by Business Wire, Azelis, a leading global specialty chemicals distributor, has announced its financial results for the first half of 2025.
The company reported a revenue of €2.2 billion, showing a year-on-year increase of 0.6% (3.3% on a constant currency basis). This growth was driven by organic revenue growth of 1.2%, as well as revenue contributions from acquisitions, which amounted to 2.2%.
David Tessari, the newly appointed CEO of Azelis, expressed his confidence in the company's ability to navigate short-term volatility and capture opportunities in the industry.
The gross profit for the period was €515 million, resulting in a gross profit margin of 23.9%. However, the gross margin contracted by 68 basis points due to the mix effect from higher growth contribution from Industrial Chemicals and the Group's less mature businesses.
The net profit declined by 14.6% over the prior year, driven by the lower operating profit. Despite this, the adjusted EBITA was €234 million, resulting in an adjusted EBITA margin of 10.9%.
Free cash flow increased by 10.8% over the prior year to €151 million. Cash conversion expanded by more than 10 percentage points to 63.8%, indicating a resilient, cash-generative business model.
Two acquisitions were completed in H1 2025, and a third was announced shortly after the close of the period. The combined annual revenue of these companies was over €100 million in 2024.
Azelis Investor Relations can be contacted via phone at +32 3 613 01 27 or email at [email protected] for further inquiries.
Anna Bertona, the Group CEO, reiterated her confidence in the company's future, stating that Azelis is well-positioned to continue its growth trajectory. No changes in company strategy or direction were mentioned in the press release.
No new statements from company executives or other key personnel were made in the press release. Additionally, no updates on industry trends or market conditions, no changes in the company's organizational structure or management team, and no new acquisitions or strategic moves were discussed.
