Belgium's Syensqo narrows annual profit forecast on macroeconomic uncertainties
05/11/2024 06:16
Nov 5 (Reuters) - Belgian chemicals maker Syensqo
SYENS.BR tightened its annual underlying profit forecast on
Tuesday for the second time since August, citing macroeconomic
and industry uncertainties, most notably in the automotive and
aerospace sectors.
The company now sees 2024 underlying earnings before
interest, taxes, depreciation, and amortisation (EBITDA) of
between 1.4 billion euros and 1.44 billion euros ($1.52
billion-$1.57 billion), compared with the 1.4 billion and 1.475
billion euros previously expected.
($1 = 0.9194 euros)
(Reporting by Dimitri Rhodes; Editing by Subhranshu Sahu)
((Dimitri.Rhodes@thomsonreuters.com;))
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