Menu INVESTOR RELATIONS Key financials Breadcrumb Home Investor relations Key financials Key financials Financial summary 2019 2020 Y-o-Y change Revenue (€m) 2,095.0 2,222.9 6.1% Geographical split¹ EMEA 942.9 1,034.2 9.7% Americas 915.8 952.6 4.0% APAC 237.0 237.7 0.3% End-Market split Life Sciences 1,192.8 1,383.2 16.0% Industrial Chemicals 902.2 839.7 (6.9)% Gross Profit (€m) 444.7 486.1 9.3% Gross Profit Margin (%) 21.2% 21.9% 64 bp Adjusted EBITDA² (€m) 178.5 207.2 16.1% Adjusted EBITDA Margin (%) 8.5% 9.3% 80 bp Adjusted EBITA³ (€m) 163.3 189.6 16.0% Adjusted EBITA Margin (%) 7.8% 8.5% 73 bp Conversion Margin4 (%) 36.7% 39.0% 227 bp Net Profit (€m) 48.0 71.0 48.0% Cash flow from operating activities (€m) 150.6 205.3 36.3% Free Cash Flow5 (€m) 137.2 188.3 37.2% Free Cash Flow Conversion6 (%) 82.8% 98.4% 1,557 bp Net Working Capital (€m) 235.4 250.4 6.4% Net Working Capital/Revenue (%) 11.2% 11.3% 3 bp Net capital expenditures (€m) (12,3) (12,1) (1,8%) Net debt7 (€m) 1,106.1 1,1214.5 1.7% Net Leverage8 6.0x 5.3x (0.6)x ROTIC9 (%) 61.5% 67.1% 556 bp 1 Total financials of Azelis Group includes Group Holding & Other 2 Adjusted EBITDA = Operating profit or loss before amortization, depreciation and impairment of intangible assets and excluding adjustments 3 Adjusted EBITA = Operating profit or loss before amortization and impairment of intangible assets and excluding adjustments 4 Conversion Margin = Adjusted EBITA as percentage of Gross Profit 5 Free Cash Flow = Adjusted EBITDA less lease payments, plus changes in Net Working Capital, plus changes in other assets, liabilities and provisions, less net capital expenditures 6 Free Cash Flow Conversion = Free Cash Flow divided by Adjusted EBITDA less lease payments 7 Net debt = Net indebtedness = The notional amount of the Group's non-current and current loans and borrowings (including non-current and current lease obligations, and excluding interest accruals) plus bank overdrafts, less cash and cash equivalents 8 Net Leverage = Net debt divided by Financing EBITDA for the preceding twelve months. Financing EBITDA is Adjusted EBITDA further adjusted for (i) the earnings (before interest, taxation, depreciation and amortization) of businesses acquired by the Group during the relevant period from the first day of the relevant period to the relevant acquisition date; and (ii) anticipated cost savings, expense reductions and synergies expected to be realized within a set period following the calculation date. 9 ROTIC = Return on tangible invested capital = Adjusted EBITDA for a period (with Adjusted EBITA amounts for periods of less than one year being annualized) as a percentage of the Group's property, plant and equipment (excluding right-of-use assets) as at the end of such period plus Net Working Capital as at the end of such period. The calculation of ROTIC excludes goodwill and intangible assets Innovation through formulation Copyright © 2021. All rights reserved. Legal menu Cookie statement Privacy statement Terms & Conditions This site uses cookies to store information on your computer. Some of these cookies are essential to make our site work and others help us to improve by giving us some insight into how the site is being used. For more detailed information, please check our Cookie statement (Opens in a new window) I Accept Necessary Cookies Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences. Analytical and statistical These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. Analytical and statistical On Off Marketing and advertising These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising. Marketing and advertising On Off About this tool (Opens in a new window)