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Azelis Group NV, listed on Euronext Brussels, received a transparency notification from Schroders plc on
Azelis has acquired 100% of Smoky Light B.V., enhancing its position in the Benelux smoke ingredients market. This strategic acquisition aims to expand Azelis' footprint in EMEA and complement its product offerings in the food and nutrition sector. Smoky Light, established in 1995, specializes in smoke flavors and has over 200 customers in the Benelux region. The acquisition is expected to reinforce Azelis' expertise in aroma formulations and support growth in the short and long term.
Azelis announces the acquisition of 100% of Chemiplas Agencies Ltd, a key distributor of specialty chemicals in Australia, New Zealand, and the Pacific Islands. This strategic move enhances Azelis’ market reach and formulation expertise in the Asia Pacific region. Chemiplas brings a robust portfolio with over 200 partnerships and a substantial customer base of 1,900 companies. The acquisition is expected to close by the end of Q1 2023, reinforcing Azelis' commitment to growth and innovation in the region.
Azelis reported significant financial growth for the first nine months of 2022, with revenue reaching EUR 3.1 billion, a 52.5% year-on-year increase. Key growth drivers included 25.8% organic growth, 21.3% from acquisitions, and 5.5% from currency fluctuations. The company achieved a gross profit of EUR 736.1 million, up 57.6%, and an adjusted EBITA of EUR 360.1 million, reflecting 79.6% growth. Azelis continues to expand its industry footprint with multiple acquisitions, reporting strong operational performance despite economic challenges.
Azelis Group NV received a transparency notification from Akita Management Participation 1 SCSp, reporting a downward crossing of the lowest threshold of 3.00% shares on September 23, 2022. Akita Management has chosen not to disclose its holdings below this threshold. The total number of shares for Azelis is 233,846,153. Akita's announcement was made on September 28, 2022, and the notification adheres to the Belgian Transparency Law of 2007, focusing on the acquisition or disposal of voting rights.
Azelis, a leading specialty chemicals provider, has announced the acquisition of Eurotrading S.p.A, a notable distributor in the personal care market in Italy. This 100% share acquisition is set to enhance Azelis' presence in the Italian personal care sector, expanding its product offerings in actives, emollients, and emulsifiers. The transaction is expected to close in Q4 2023. Eurotrading has over 500 customers and a strong technical team, which will integrate into Azelis, driving growth and operational synergies.
Azelis has achieved the top ESG ranking from Sustainalytics, scoring 12.4, placing it in the top 5th percentile among over 14,500 companies. This ranking reflects the company's low risk of financial impact from ESG factors and highlights its commitment to sustainability through a comprehensive program initiated in 2015. Azelis also holds an EcoVadis Platinum rating, affirming its excellence in sustainable practices. The CEO and sustainability director expressed pride in this recognition, underscoring its motivation to advance sustainability goals.
Azelis has announced the acquisition of 100% of Dağaltı Kauçuk San., a Turkish specialty chemicals distributor, enhancing its market position in Turkey's rubber and plastics additives sector. Established in 1980, Dağaltı serves over 400 customers with a focus on innovation and sustainability. The transaction is set to close by the end of Q3, following standard closing conditions. This strategic acquisition is expected to strengthen Azelis' lateral value chain and expand its product offerings, ensuring growth in technical expertise and market reach.
Azelis Group reported strong H1 2022 results with revenue of EUR 2.0 billion, up 54.2% year-on-year, driven by robust demand in life sciences and industrial chemicals. Gross profit increased 64.9% to EUR 488.6 million, with net profit soaring 198% to EUR 141.7 million. Organic growth was 27.6%, complemented by five acquisitions completed in H1 contributing over EUR 190 million. The leverage ratio improved to 2.3x, and adjusted EBITA is projected between EUR 410 million and EUR 425 million for 2022, exceeding market expectations.
Azelis has announced an agreement to acquire 100% of Chemical Solutions Sdn Bhd in Malaysia, enhancing its presence in the Asia Pacific market. This acquisition strengthens Azelis’ position in the Personal Care sector, particularly within the growing Halal cosmetics industry. ChemSol, with 21 years of experience, brings a strong customer network and a dedicated Personal Care application lab. The transaction is expected to close by the end of Q3, following customary conditions.
