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, efficiency measures and continued strength in performance elastomers "will underpin strong EBITDA gro...
Source: rubbernews.com