Syensqo lowers core profit guidance on tariff and geopolitical concerns
06/11/2025 06:14
Nov 6 (Reuters) - Belgian chemicals group Syensqo SYENS.BR lowered its 2025 core profit guidance on Thursday, citing continued economic concerns and demand weakness across most of its markets driven by tariffs and geopolitics. The group now expects underlying earnings before interest, taxes, depreciation and amortization of 1.25 billion euros ($1.46 billion) for the full year, compared to the previous estimate of 1.3 billion euros. Analysts polled by Vara Research ahead of the third-quarter results had forecast underlying EBITDA of 1.27 billion euros for 2025. ($1 = 0.8575 euros) (Reporting by Dimitri Rhodes in Gdansk, editing by Milla Nissi-Prussak) ((Dimitri.Rhodes@thomsonreuters.com;))