Synthomer (SYNT)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

180.00p
   
  • Change Today:
      7.20p
  • 52 Week High: 334.00
  • 52 Week Low: 122.50
  • Currency: UK Pounds
  • Shares Issued: 163.57m
  • Volume: 560,397
  • Market Cap: £294.42m

Synthomer revenues surge in first half

By Josh White

Date: Tuesday 08 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Revenue surged in the first half at chemicals business Synthomer, it reported on Tuesday, rising 64.8% at constant currency to £770.3m, as its volumes rose 17.5% to 730.2 ktes.
The FTSE 250 company's operating profit was up 11.9% at constant currency to £76.5m in the six months to 30 June, while its profit before tax improved 10.8% at constant exchange rates to £71.6m.

Earnings per share were up 21.7% at 16.8p, and the board declared an ordinary dividend per share of 3.7p, up 5.7% on the same time last year.

"We have made solid progress during the first half of this year," said Synthomer chairman Neil Johnson.

"The positive impact of the 'bolt-on' acquisitions, Europe and North America continuing to grow in line with GDP and positive currency translation more than offset the anticipated margin pressure in the nitrile latex market in Asia and rest of the world, leading to a 17.4% increase in underlying profit before tax."

Looking regionally, Synthomer,s aid operating profit from Europe and North America was up 30.8% at constant currency to £64.3m, while it sank 28.5% from Asia and the rest of the world to £18.1m.

Unallocated operating losses totalled £5.9m, an improvement of 3.3% on last year.

The company's IFRS profit before tax was down 7% at £53.4m, while its IFRS earnings per share were off 10.7% at 12.5p.

"Looking ahead, we continue to focus on driving sustainable growth, through capital investment projects, research and development and business efficiency programmes," Neil Johnson explained.

"We also continue to evaluate acquisition opportunities and will remain highly disciplined in our selection criteria.

"Accepting the H2 seasonality inherent in our markets, and in the absence of any currency benefit in the second half, the Board's expectations for the full year remain unchanged."

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Synthomer Market Data

Currency UK Pounds
Share Price 180.00p
Change Today 7.20p
% Change 4.17 %
52 Week High 334.00
52 Week Low 122.50
Volume 560,397
Shares Issued 163.57m
Market Cap £294.42m

Synthomer Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.99% above the market average63.99% above the market average63.99% above the market average63.99% above the market average63.99% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Price Trend
69.68% below the market average69.68% below the market average69.68% below the market average69.68% below the market average69.68% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Income Not Available
Growth
12.71% below the market average12.71% below the market average12.71% below the market average12.71% below the market average12.71% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

Synthomer Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 01-Jun-22
Paid n/a 05-Jul-22
Amount 0.000p 21.30p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 69,765 @ 180.00p
16:35 1,935 @ 180.00p
16:35 2,074 @ 180.00p
16:35 441 @ 180.00p
16:35 470 @ 180.00p

Synthomer Key Personnel

CFO Lily Liu

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