Syensqo falls on low visibility, demand uncertainty

Syensqo NV

15/05/2025 10:27

** Shares in Syensqo SYENS.BR fall 3% after the Belgian speciality chemicals group cites challenging on challenging near-term visibility, demand uncertainty, despite posting a Q1 beat

** Co confirmed its 2025 guidance but excluded tariffs and currency effects

** "Reaching the FY25 target of 1.4 billion euros ($1.57 billion) is clearly back-end loaded and more uncertain than at the start of the year," Degroof Petercam said on group's EBITDA guidance

** "Syensqo is not immune to the economic environment and is struggling to build up a convincing earnings track record," it adds

** Co "expects 2Q to be better than 1Q but hasn't given a specific range or number due to the prevailing high demand uncertainty," J.P. Morgan notes

** Syensqo published Q1 underlying EBITDA down 15% yoy but 3% above consensus at 311 million euros ($348.48 million)

** Shares are on track for their worst day in five weeks and one of the worst performers on Belgium's BEL 20 .BFX index

($1 = 0.8925 euros)

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))