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101.00    -2.20 (-2.13%)
Bid:
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Spread: 0.40 (0.396%)
Market Cap: £165.58m
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 Nov 20084:37 pmRNSPrice Monitoring Extension
21st Oct 20086:24 pmRNSHolding(s) in Company
21st Oct 20086:24 pmRNSHolding(s) in Company
8th Sep 20084:41 pmRNSSecond Price Monitoring Extn
8th Sep 20084:36 pmRNSPrice Monitoring Extension
2nd Sep 200812:26 pmRNSHolding(s) in Company
27th Aug 20087:00 amRNSInterim Results
14th Aug 20088:59 amRNSNotice of Results
12th Aug 20087:00 amRNSSale Completion
5th Aug 20089:42 amRNSBlocklisting Interim Review
1st Aug 200812:03 pmRNSHolding(s) in Company
21st Jul 20087:00 amRNSDisposal
27th Jun 20087:00 amRNSSale Completion
26th Jun 200810:17 amRNSHolding(s) in Company
18th Jun 200811:44 amRNSHolding(s) in Company
17th Jun 200810:12 amRNSDirector/PDMR Shareholding
16th Jun 20085:14 pmRNSDirector/PDMR Shareholding
16th Jun 200810:33 amRNSDirector/PDMR Shareholding
2nd Jun 20082:57 pmRNSBlocklisting Interim Review
30th May 20082:37 pmRNSSale Completion
15th May 20084:17 pmRNSResult of AGM
15th May 20087:00 amRNSTrading Update
9th May 20081:44 pmRNSHolding(s) in Company
24th Apr 20083:00 pmRNSAnnual Information Update
14th Apr 20084:43 pmRNSAnnual Report and Accounts
8th Apr 20089:55 amRNSDirector/PDMR Shareholding
7th Apr 20084:30 pmRNSHolding(s) in Company
14th Mar 200811:48 amRNSDirector/PDMR Shareholding
14th Mar 200811:46 amRNSDirector/PDMR Shareholding
12th Mar 20087:00 amRNSFinal Results
11th Feb 20082:40 pmRNSBlocklisting Interim Review
11th Feb 20087:01 amRNSDisposal
14th Dec 20077:00 amRNSPre-close Trading Statement
30th Nov 20073:37 pmRNSBlocklisting Interim Review
28th Nov 20072:46 pmRNSHolding(s) in Company
22nd Nov 20074:25 pmRNSDirector/PDMR Shareholding
24th Sep 200710:00 amRNSGroup Finance Director
6th Sep 20077:01 amRNSInterim Results
21st Aug 20077:00 amRNSBoard Appointments
14th Aug 20079:30 amRNSHolding(s) in Company
8th Aug 200712:16 pmRNSHolding(s) in Company
1st Aug 20077:01 amRNSPlant reorganisation
24th Jul 20072:05 pmRNSHolding(s) in Company
20th Jul 20073:50 pmRNSHolding(s) in Company
13th Jul 200712:47 pmRNSHolding(s) in Company
22nd Jun 200711:16 amRNSHolding(s) in Company
1st Jun 200711:25 amRNSBlocklisting Interim Review
1st Jun 20077:01 amRNSDivisional restructuring
29th May 20072:44 pmRNSHolding(s) in Company
17th May 20074:41 pmRNSResult of AGM

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