Synthomer Reports Robust 2024 Financial Progress Amid Strategic Repositioning

Synthomer ( (GB:SYNT) ) just unveiled an update.

Synthomer plc reported robust financial progress for the year ending December 2024, driven by strategic repositioning and self-help initiatives. The company achieved a 5.1% increase in revenue at constant currency, with significant improvements in EBITDA and underlying operating profit. Despite mixed end-market demand trends, Synthomer’s Adhesive Solutions and Health & Protection divisions showed strong performance, while Coatings & Construction Solutions faced challenges. The company maintained a stable financial position, completing a €350m bond refinancing and reducing its manufacturing sites. Looking ahead, Synthomer expects further financial progress in 2025 through continued strategic delivery and self-help actions.

More about Synthomer

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients, serving key sectors such as coatings, construction, adhesives, and health and protection. Headquartered in London, UK, the company operates across Europe, North America, the Middle East, and Asia, employing around 4,000 people. Synthomer focuses on creating innovative and sustainable solutions, with a significant portion of its sales derived from new and patent-protected products. The company is committed to sustainability, holding the London Stock Exchange Green Economy Mark and having its decarbonisation targets approved by the Science Based Targets initiative.

YTD Price Performance: -13.91%

Average Trading Volume: 392,285

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £226.7M

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