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100.00    -3.20 (-3.10%)
Bid:
100.40
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Spread: 1.80 (1.793%)
Market Cap: £163.94m
SYNT Live PriceLast checked at - London Stock Exchange

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Trading Update

19 Jul 2021 07:00

RNS Number : 5078F
Synthomer PLC
19 July 2021
 

19 July 2021

Synthomer plc

Trading update

Synthomer plc ('Synthomer' or 'the Company') today issues a trading update ahead of its H1 results on 5 August 2021.

Since its last update on 21 April 2021, Synthomer has continued to see strong trading momentum across the business with volumes and unit margins ahead of the prior year in all divisions. In addition, the Nitrile latex business has continued to perform well, driven by exceptional demand due to the Covid-19 pandemic. As a result, the Company expects H1 2021 EBITDA to be approximately £320 million and FY 2021 EBITDA now in excess of £500m, which compares to its previous guidance of being in excess of £450m.

Synthomer continues to expect that the Nitrile latex business will return to more normalised levels during 2022. The Company will provide an update on this and its 2021 outlook in conjunction with its H1 interim results announcement.

-ENDS-

Enquiries:

Synthomer

+44 1279 436211

Calum MacLean, Chief Executive Officer

Steve Bennett, Chief Financial Officer

Tim Hughes - President, Corporate Development

Teneo

Charles Armitstead

+44 7703 330 269

Matt Denham

+44 7825 735 596

 

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Date   Source Headline
6th May 201011:00 amRNSInterim Management Statement
30th Apr 201012:40 pmRNSAnnual Information Update
8th Apr 20107:00 amRNSAnnual Financial Report
12th Mar 20107:00 amRNSDisposal
11th Mar 201010:32 amRNSDirector/PDMR Shareholding
11th Mar 201010:31 amRNSDirector/PDMR Shareholding
10th Mar 20107:00 amRNSFinal Results
11th Feb 201012:32 pmRNSHolding(s) in Company
4th Feb 201011:38 amRNSHolding(s) in Company
12th Jan 20107:00 amRNSTrading Update
25th Nov 200910:02 amRNSHolding(s) in Company
18th Nov 20099:28 amRNSHolding(s) in Company
19th Oct 20097:00 amRNSInterim Management Statement
2nd Sep 200910:14 amRNSHolding(s) in Company
24th Aug 20097:00 amRNSHalf Yearly Report
23rd Jun 20097:00 amRNSPre-close Trading Update
18th May 20099:16 amRNSDirector/PDMR Shareholding
14th May 200912:40 pmRNSResult of AGM
14th May 20097:00 amRNSAGM & Interim Management Statement
1st May 20097:00 amRNSAppointment of new joint brokers
21st Apr 20094:20 pmRNSAnnual Information Update
15th Apr 20099:24 amRNSAnnual Financial Report
23rd Mar 20094:03 pmRNSHolding(s) in Company
23rd Mar 20094:01 pmRNSHolding(s) in Company
20th Mar 200910:31 amRNSDirector/PDMR Shareholding
19th Mar 20097:00 amRNSAppointment of Senior Independent Director
16th Mar 20094:54 pmRNSDirector/PDMR Shareholding
12th Mar 20092:35 pmRNSDirector/PDMR Shareholding
12th Mar 20092:31 pmRNSDirector/PDMR Shareholding
11th Mar 20094:18 pmRNSDirector/PDMR Shareholding
11th Mar 20097:00 amRNSFinal Results
4th Mar 20094:35 pmRNSPrice Monitoring Extension
4th Mar 20091:57 pmRNSAppointment of non-executive director
13th Feb 20094:40 pmRNSSecond Price Monitoring Extn
13th Feb 20094:35 pmRNSPrice Monitoring Extension
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21st Jan 20097:00 amRNSAppointment of new Chairman
19th Jan 20094:29 pmRNSDirector/PDMR Shareholding
15th Jan 20091:59 pmRNSDirector/PDMR Shareholding
13th Jan 200912:33 pmRNSHolding(s) in Company
7th Jan 20095:29 pmRNSDirector/PDMR Shareholding
5th Jan 200911:17 amRNSDisposal
29th Dec 20087:00 amRNSUpdate
12th Dec 200810:08 amRNSHolding(s) in Company
4th Dec 20087:00 amRNSSale of PFW Aroma Chemicals BV
3rd Dec 200810:57 amRNSBlocklisting Interim Review
20th Nov 20084:47 pmRNSSecond Price Monitoring Extn
20th Nov 20084:39 pmRNSPrice Monitoring Extension
14th Nov 20087:00 amRNSInterim Management Statement
10th Nov 20083:04 pmRNSHolding(s) in Company

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