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Prices & Quotes - UK Markets - Synthomer (SYNT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 529.50p
Change Today:
2.50p
Market Cap:
2,249.59m
Sector:
Chemicals

Synthomer hits record revenues thanks to acquisitions

By Frank Prenesti

Date: Thursday 01 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Chemicals business Synthomer said full year underlying profit before tax increased to 130m from 122.2m after hitting record revenues.
Neil Johnson, chairman, said the results reflected the benefits of recent bolt-on acquisitions made in 2016 and 2017 and continued organic growth in the company's Europe and North America segment.

"This progress has more than offset the expected impact of lower Nitrile latex margins in our Asia and rest of world segment," he said.

Revenues increased by 42% to 1.48bn, assisted by higher average raw material prices and foreign exchange tailwinds.

"Looking forward, whilst acknowledging the ongoing challenges in our Nitrile latex and constructions and coatings dispersions markets, we are confident of making further solid progress in 2018, underpinned by underlying growth in both segments, and from integrating our recent acquisitions," Johnson said.

"With our significant organic investment in new capacity being commissioned in late 2018, we remain confident in continuing to deliver growth in profitability and driving further value for shareholders in future years."

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Synthomer Market Data

Currency UK Pounds
Price 529.50p
Change Today 2.50p
52 Week High 552.00p
52 Week Low 287.80p
Volume 853,448
Shares Issued 424.85m
Market Cap 2,249.59m

Performance Indicators

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What The Brokers Say

Strong Buy 10
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Synthomer Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Jun-21 22-Oct-20
Paid 05-Jul-21 10-Nov-20
Amount 8.60p 3.00p

Trades for 30-Jul-2021

Time Volume / Share Price
16:35 132,032 @ 529.50p
16:29 4 @ 526.50p
16:29 152 @ 526.50p
16:29 149 @ 526.50p
16:29 123 @ 526.50p

Synthomer Key Personnel

CEO Calum MacLean
CFO Steve Bennett