Azelis at all-time lows as costs, weak demand weigh on Q1

** Shares in chemicals company Azelis AZE drop 12% to their lowest price ever after it missed Q1 expectations

** Azelis reports Q1 revenue of 1.10 billion euros ($1.25 billion)

** J.P.Morgan says Q1 organic revenue growth of 2.5% was below its estimates, weighed down by APAC region with weaker demand in China

** Jefferies adds Q1 EBITA of 119.7 million euros was 9% below consensus, reflecting mix shift and cost increases

** JPM sees the Q1 miss likely resulting in FY consensus cuts which in turn will put pressure on shares, notwithstanding their YTD decline of about 18%

** Shares, sitting at the bottom of Belgian blue-chip index BEL 20 (.BFX), are on track for their worst day since mid-May 2024

($1 = 0.8803 euros)