Report
Thibault Leneeuw

AZELIS: A formula for success, with a price to pay AZE BB

Initiation of coverage
This note dives into the specialty chemical distribution market as we launch our coverage of Azelis. We will look at the company’s activities and how it grew to be what it is today. We’ll consider the market, the competition and the business model from which we derived our valuation. We’ll also offer additional ESG information.
Underlying
AZELIS GROUP NV

Provider
KBC Securities
KBC Securities

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Analysts
Thibault Leneeuw

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