Azelis stock steadies as Americas leadership change nears

Published on 10/31/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azelis stock steadied as the group named Mike Finelli to lead its Americas business from November 9. Third-quarter profit growth outpaced revenue.

Leadership change and operating momentum

Mike Finelli will become CEO of Azelis Americas on November 9, succeeding Todd Cottrell.
Third-quarter revenue rose 8.5 percent in constant currency, while organic adjusted EBITA increased 14.3 percent.
Management retained its target of positive organic adjusted EBITA growth for full-year 2026.

Azelis, BE0974400328, Illustration mit AI erstellt.

Azelis named Mike Finelli as CEO of Azelis Americas on Wednesday, October 28, with the appointment taking effect on November 9. The move gives the specialty chemicals and food ingredients distributor a new regional leader as it seeks to build on recent operating momentum.

In its announcement, Azelis said Finelli will join the Executive Committee and succeed Todd Cottrell, who is leaving at the end of October after three years leading the Americas business. Finelli brings more than 30 years of international experience in the specialty chemicals industry, including senior roles at Syensqo and Solvay.

Profit growth outpaced revenue

The leadership change follows a stronger third quarter. In its October 22 release, Azelis reported revenue of 1.122 billion euros, up 8.5 percent in constant currency and 8.2 percent organically. Adjusted EBITA rose 14.6 percent in constant currency to 114 million euros, with organic growth of 14.3 percent and the margin widening to 10.2 percent.

The company retained its outlook for positive organic adjusted EBITA growth in 2026, while warning that volume trends vary across end markets and volatility remains elevated. A 350 million euro non-cash goodwill impairment in the Americas weighed on reported accounts but did not affect cash flow, working capital or net debt.

Shares ended the week little changed

Azelis stock traded at 11.70 euros on Lang & Schwarz at 10:18 CET on Saturday, October 31, 2026, 0.09 percent below the Xetra close of Friday, October 30. The stock's Xetra close rose from 11.68 euros on Friday, October 23, to 11.71 euros on Friday, October 30, leaving the week with a 0.26 percent gain.

Investors will now watch the transition in the Americas alongside fourth-quarter execution, working-capital discipline and progress toward lower leverage. The Financial Times listed a closing price of 11.71 euros for October 30 in its historical prices.

View the real-time quote of Azelis stock for the latest trading indication.

European investors are also tracking broader moves in the current market reports.

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