Synthomer (SYNT)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

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

Synthomer sees 'solid' Q1 performance as it leaves outlook unchanged

By Josh White

Date: Thursday 26 Apr 2018

LONDON (ShareCast) - (WebFG News) - Synthomer updated the market on its trading in the first quarter on Thursday, reporting that its Europe and North America segment delivered another solid performance.
The FTSE 250 chemicals company said volumes in the segment were higher in the three months to 31 March than at the same time last year, primarily reflecting the positive impact of the Speciality Additives and Pischelsdorf SBR latex acquisitions.

Unit margins were marginally lower, which the board said was due to the transactional impact of European sales denominated in US dollars.

The Asia and Rest of World segment remained stable, Synthomer said, with performance in line with its own expectations.

Nitrile latex volumes were marginally higher than a weaker comparative period, when customer spending was impacted by the volatile raw material environment.

Unit margins were broadly in line with the first quarter 2017.

"We remain cautiously optimistic on the continued Nitrile latex demand growth and margin development recognising that our 90kt capacity is on track to come on line late in the third quarter," the Synthomer board explained in its statement.

Net debt increased from £180m at the year end to £246m at 31 March.

That reportedly reflected completion of the acquisition of the BASF Austrian SBR business and assets in Pischelsdorf for €29m (£25m) in January, as well as seasonal working capital movements which was impacted by a rising raw material price environment, as the company saw in 2017.

"Overall, the group continues to trade in line with the Board's expectations, and accordingly the view for full year 2018 remains unchanged."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Synthomer Market Data

Currency UK Pounds
Share Price 180.00p
Change Today 7.20p
% Change 4.17 %
52 Week High 334.00p
52 Week Low 122.50p
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

Top of Page