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Synthomer PLC (SYNTS.L)

SYNTS.L on London Stock Exchange

547.00GBp
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Synthomer Says FY Pretax Profit Fell 36.8 Pct
Thursday, 1 Mar 2018 02:01am EST 

March 1 (Reuters) - Synthomer Plc ::FY PRETAX PROFIT FELL 36.8 PERCENT TO 86.4 MILLION STG.FINAL DIVIDEND 8.5 PENCEPER SHARE.‍BOARD HAS PROPOSED AN INCREASE TO FINAL ORDINARY DIVIDEND PER SHARE TO 8.5P RESULTING IN A TOTAL DIVIDEND PER SHARE FOR YEAR OF 12.2P​.FY ‍REVENUE 1,480 MILLION STG VERSUS 1,045 MILLION STG YEAR AGO.FY ‍EPS 30.7 PENCE VERSUS 28.3 PENCE YEAR AGO​.‍REMAIN CONFIDENT IN CONTINUING TO DELIVER GROWTH IN PROFITABILITY AND DRIVING FURTHER VALUE FOR SHAREHOLDERS IN FUTURE YEARS​.  Full Article

Synthomer says ‍Jinya Chen to retire from board at year end
Friday, 10 Nov 2017 04:40am EST 

Nov 10 (Reuters) - Synthomer Plc :SYNTHOMER PLC - ‍JINYA CHEN WILL RETIRE FROM BOARD ON 31 DECEMBER 2017 AFTER FIVE YEARS OF SERVICE​.  Full Article

Synthomer says expectations for full year 2017 remain unchanged
Monday, 6 Nov 2017 02:32am EST 

Nov 6 (Reuters) - SYNTHOMER PLC ::‍BOARD'S EXPECTATIONS FOR FULL YEAR 2017 REMAIN UNCHANGED FROM INTERIM RESULTS IN AUGUST​.‍EUROPE AND NORTH AMERICA, ASIA AND REST OF WORLD​ CONTINUED TO TRADE WELL AND IN LINE WITH CO'S EXPECTATIONS IN Q3.EXPECTS ABOUT £4 MILLION OF BENEFIT FROM TRANSLATION EFFECT RELATING TO WEAKNESS OF STERLING EXPERIENCED IN FIRST HALF OF YEAR​.  Full Article

Synthomer announces acquisition of BASF Austrian SBR business and assets
Thursday, 28 Sep 2017 02:00am EDT 

Sept 28 (Reuters) - SYNTHOMER PLC ::ANNOUNCES ACQUISITION OF BASF AUSTRIAN SBR BUSINESS AND ASSETS ( 'BUSINESS').ENTERPRISE VALUE OF EUR 30 MILLION WILL BE FULLY FUNDED FROM EXISTING RESOURCES.ACQUISITION IS EXPECTED TO COMPLETE EARLY IN 2018 FOLLOWING RECEIPT OF REGULATORY APPROVALS AND SATISFACTION OF OTHER CLOSING CONDITIONS.  Full Article

Synthomer says expectations for full year remain unchanged
Tuesday, 8 Aug 2017 02:00am EDT 

Aug 8 (Reuters) - SYNTHOMER PLC :H1 PRETAX PROFIT 53.4 MILLION STG.H1 REVENUE ROSE 72.6 PERCENT TO 770.3 MILLION STG.INTERIM DIVIDEND 3.7 PENCEPER SHARE.EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED.  Full Article

Synthomer says continues to trade in line with expectations
Thursday, 27 Apr 2017 02:00am EDT 

April 27 (Reuters) - Synthomer Plc ::Trading update for q1 ended march 31 st , 2017..Europe and north america segment delivered a solid performance with results ahead of q1 2016.Unit margins were also up on 2016, in line with expectations.Overall performance of asia and rest of world segment was in line with our expectations.Q1 nitrile margins remained stable relative to q4 2016, albeit lower than strong comparative q1 2016 as expected.Net debt increased from £150 million at year end to £257m at 31 march 2017.Group continues to trade in line with board's expectations, and accordingly view for full year 2017 remains unchanged..  Full Article

Synthomer announces acquisition of Perstorp Belgium
Monday, 6 Mar 2017 02:02am EST 

Synthomer Plc : Announces acquisition of Perstorp Oxo Belgium Ab from Perstorp Group . Will pay an enterprise value of eur 78 million which will be fully funded from existing financial resources . Acquisition, which completed on 5 march, represents a multiple of 8.5x 2016 adjusted ebitda . Is expected to fall to approximately 7.0x EBITDA post integration reflecting operational efficiencies and increased volumes to existing customers .Perstorp Belgium will be consolidated into Synthomer's results from March 2017.  Full Article

Synthomer FY pre-tax profit rises
Monday, 6 Mar 2017 02:00am EST 

Synthomer Plc : FY pretax profit rose 88.6 percent to 136.7 million stg . FY sales 1.046 billion stg versus 870.1 million stg year ago . Final dividend 7.8 pence per share . Total dividend 11.3 pence per share . Says "expect to continue to see resilient trading in Europe, although raw material and macroeconomic environments remain volatile" . Says Asian Nitrile business will be further impacted by introduction of additional industry capacity in 2016 .Says board's expectations remain unchanged from Jan 20 trading update; confident of delivering long-term growth in profitability, shareholder value.  Full Article

Chemicals maker Synthomer sees 2016 profits ahead of estimates
Friday, 20 Jan 2017 02:00am EST 

Synthomer Plc : Issues a trading update for year ended 31 december 2016. . Positive trends experienced in our Europe and North America business during first three quarters of year continued through Q4 . Overall performance ahead of co's original expectations in Europe and North America . Asia and rest of world also performed modestly ahead of our expectations in Q4 . Now expect 2016 performance on an underlying constant currency basis to be ahead of top end of current market expectations . In addition, group will also benefit from translation effect related to ongoing weakness of sterling. . Board now anticipates that FY 2016 PBT will be approximately 120m stg. . Looking forward to 2017, we still expect to see resilient trading in Europe .Expect our Asian nitrile business to be further impacted by introduction of additional industry capacity in 2016.  Full Article