Azelis reports Q3 growth as Azelis stock sits 14.98 percent below target

Published on 10/26/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azelis stock costs EUR 11.75 on October 26, 2026 versus a EUR 13.82 average target. Q3 revenue rose 8.5 percent to EUR 1,122 million.

Growth and leverage signals

On October 22, 2026, third-quarter revenue reached EUR 1,122 million, up 8.5 percent at constant currency.
Adjusted EBITA rose 14.6 percent to EUR 114 million in the third quarter of 2026.
Azelis stock was trading at EUR 11.75 at 9:49 a.m. CET at Lang & Schwarz on October 26, 2026.
The average target was EUR 13.82 in an October 2026 market overview.

Azelis, BE0974400328, Illustration mit AI erstellt.

Azelis (ISIN BE0974400328) was trading at EUR 11.75 at Lang & Schwarz on October 26, 2026 at 9:49 a.m. CET, 14.98 percent below the EUR 13.82 average target listed by MarketScreener. Yahoo Finance reported on October 22, 2026 that Azelis posted stronger third-quarter growth while maintaining its full-year outlook.

Third-quarter growth accelerates

Revenue reached EUR 1,122 million in the third quarter of 2026, up 10.6 percent on a reported basis and 8.5 percent at constant currency, according to Yahoo Finance. Organic growth contributed 8.2 percent, while adjusted EBITA rose 14.6 percent to EUR 114 million. Industrial Chemicals was the stronger segment, with revenue increasing 21.0 percent at constant currency to EUR 451 million.

What does growth mean for leverage?

The operating improvement came with a financing constraint. Net debt stood at EUR 1.6 billion and leverage at 3.46 times at the end of September 2026, while third-quarter free cash flow was EUR 67 million, down 52.5 percent year over year, the company release carried by Yahoo Finance said. A EUR 350 million non-cash goodwill impairment in the Americas also affected reported results.

Three dated Azelis developments

On September 29, 2026, Azelis set medium-term goals including high single-digit annual adjusted EBITA growth and a return on capital employed above 11.5 percent by 2031, as reported by Yahoo Finance. On October 8, 2026, UBS reported holdings and equivalent instruments representing 3.01 percent of Azelis voting rights, according to Business Wire. On October 22, 2026, the company published its third-quarter update with EUR 1,122 million of revenue and EUR 114 million of adjusted EBITA, according to Yahoo Finance.

Stock value and operating risk

The market picture combines better operating momentum with continued balance-sheet sensitivity. Azelis maintained its goal of positive organic adjusted EBITA growth for fiscal year 2026, but also cited uneven volume growth and elevated volatility. The 23.4 percent gross profit margin in the third quarter was six basis points higher than a year earlier, giving investors a concrete measure of the improvement alongside the leverage figure.

Trading level on October 26

Azelis was trading at EUR 11.75 at Lang & Schwarz on October 26, 2026 at 9:49 a.m. CET. The EUR 13.82 average target shown in the October 2026 MarketScreener overview places the reference price 14.98 percent below that target.

The further course of trading is shown by the continuously updated real-time quote of Azelis stock.