Azelis Group NV : Preview Q1 24 results (25 April)
>Slow but steady improvement - Azelis is set to report results for the fourth quarter on April 25. For the group, we forecast Q1 24 revenues of € 1,126m (+3% yoy) and € 148m operating EBITA for the quarter (+2% yoy). Margins remain relatively strong partially sustained by a positive mix effect. In line with the previous quarters, we expect Azelis to show a yoy decrease of the conversion margin (EBITA / gross profit) for the quarter. Azelis remains conservative regardi...
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