Syensqo shares drop 10% as guidance disappoints

Syensqo NV

27/02/2025 09:38

** Shares in Syensqo SYENS.BR drop 10% after the Belgian specialty chemicals group gave a 2025 EBITDA guidance below market expectations, including a weak Q1 view

** "The FY25 Ebitda guidance of at least €1.4bn is below consensus with Q1 Ebitda guidance extremely weak," Jefferies analyst Aron Ceccarelli says

** Analysts polled by the company had forecast 2025 EBITDA of 1.47 billion euros ($1.54 billion)

** "Also FY25 sales expect further price pressure in specialty polymers reinforcing the thesis of commoditisation in that business," Ceccarelli adds

** The shares are on track for their worst day since August 2024, slashing their 13.2% YTD gains to below 2%

($1 = 0.9545 euros)

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))