Syensqo shares rise on read-across from peer Victrex's 'strong' Q3

Novozymes A/S

07/07/2026 09:26

** Shares in Belgian chemicals company Syensqo SYENS.BR rise 3.2% on read-across from peer Victrex VCTX.L whose shares rise almost 18% after its Q3 earnings
** Victrex reports an 18% Q3 revenue jump, mainly driven by aerospace and electronics
** "I suspect investors are drawing positive inferences from the strong fiscal Q3 results of peer Victrex," Berenberg analyst Sebastian Bray says
** The analyst says the Y/Y growth in Victrex's electronics segment was of particular focus
** Syensqo's electronics unit is part of its specialty polymers business accounting for more than 65% of group 2025 core profits
** Syensqo previously flagged seeing lower volumes in 2026 for the already struggling unit 
** Peers Arkema AKE.PA, Elementis ELM.L, Croda Intl CRDA.L , Synthomer SYNTS.L , Clariant CLN.S  and Novozymes NSISb.CO also rise 1%-2.7%

(Reporting by Dimitri Rhodes in Gdansk)
((dimitri.rhodes@thomsonreuters.com))