Azelis Maintains Strong Margins Through the Cycle

ANTWERP, Belgium--(BUSINESS WIRE)--Regulatory News: Azelis (Brussels:AZE): Q1 2024 Highlights Revenue of EUR 1.1bn, representing year-on-year decrease of 3.8% (decrease of 1.2% on a constant currency basis), with volume recovery offset by ongoing price discovery in some of our end markets. Gross profit of EUR 260.6m reflects a 47 bp gross margin expansion to 24.8%, supported by positive mix effects across our business. Adjusted EBITA was EUR 124.3m, implying adjusted EBITA margin of 11.8%, and