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Synthomer profit and dividend boosted by Covid-19 related demand

Synthomer profit and dividend boosted by Covid-19 related demand Thu, 4th Mar 2021 11:02 (Alliance News) - Synthomer PLC on Thursday announced a bolstered annual payout off of a rise in profit and record volumes, with 2021 expected to be another stellar year. Shares in the FTSE 250-listed chemicals firm sunk 5.1% to 452.20 pence each in London on Thursday morning. For 2020, Synthomers underlying pretax profit rose 38% to GBP160.0 million, from GBP116.2 million the year prior. The rise in prof...
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Source: lse.co.uk

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Synthomer optimistic, raises earnings forecast

Synthomer optimistic, raises earnings forecast Print LONDON—Synthomer P.L.C. has upgraded its earnings forecast on the back of "strong trading momentum across the business," the group said in a trading update for the year ended Dec. 31. Buoyed by stronger trading across its three main divisions, Synthomer now expects 2020 EBITDA of around $310 million, about 10 percent ahead of the guidance provided in an Oct. 14 trading statement. The recent Omnova acquisition, investment in new capacity, e...
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