Syensqo rises on Q3 EBITDA beat and "very strong" FCF

Syensqo NV

06/11/2025 09:22

** Shares in Belgian speciality chemicals group Syensqo SYENS.BR rise 3.6%, paring gains after rising as much as 5%, after the group posted a Q3 EBITDA "slight beat" and "very strong" FCF, says Degroof Petercam

** "We stick to our view that the double-digit discount to the peer group average is overdone given the quality of its assets," says the broker

** The group also adjusted its 2025 guidance downwards, now sees 2025 underlying EBITDA of 1.25 billion euros  ($1.46 billion), down from 1.3 billion euros previously

** "Light warning is not that much of a surprise," says Degroof Petercam

** "Over the past few weeks consensus estimates had already come down towards the new FY25 guidance levels," adds the broker

** If gains hold, shares on track to pare 3.5% drop YTD

($1 = 0.8575 euros)

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))