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An announcement from Synthomer ( (GB:SYNT) ) is now available.
Synthomer plc reported strong progress in 2024, achieving expected revenue of approximately £2.0bn and EBITDA of £145-148m. The company’s focus on high-margin specialty solutions, cost-saving programs, and strategic resource allocation contributed to improved gross margins and volume growth, especially in the Health & Protection and Coatings & Construction Solutions divisions. Despite a lack of end-market demand recovery, Synthomer remains confident in its medium-term goal to double earnings through strategic initiatives, self-help actions, and volume recovery.
More about Synthomer
Synthomer plc is a leading supplier of high-performance, specialised polymers and ingredients, playing a crucial role in sectors such as coatings, construction, adhesives, and health and protection. Headquartered in London, it has been listed since 1971 and employs around 4,000 people across its innovation centres and manufacturing sites worldwide. The company focuses on creating innovative, sustainable solutions and holds the London Stock Exchange Green Economy Mark for its contributions to a low-carbon economy.
YTD Price Performance: -7.08%
Average Trading Volume: 306,670
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £229.3M
Find detailed analytics on SYNT stock on TipRanks’ Stock Analysis page.
