Report
Salome Charamalet ...
  • Stefano Toffano

Azelis Group NV : Slightly more conservative, but improving end-markets are likely to provide support

>Pricing pressures on a very healthy base - Azelis reported weak Q1 24 results a.o. due to pricing pressures, resulting in an organic growth of -8.1% yoy for the group. For the third sequential quarter, Azelis is showing a yoy decrease of the conversion margin (EBITA / gross profit). The company is now mentioning 'pricing pressures across the board' on the back of clear positive volume developments, the latter driven by very low inventories at end-clients and green sh...
Underlying
AZELIS GROUP NV

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Salome Charamalet

Stefano Toffano

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