Brief: Synthomer Says Adjusting To Tariffs Had A Clear Impact On Customers

Synthomer

30/04/2026 07:57

April 30 (Reuters) - Synthomer PLC SYNTS.L:

FINAL RESULTS

EXPECT ROBUST PERIOD-ON-PERIOD VOLUME AND MARGIN PROGRESS IN Q2 2026

FULL YEAR EXPECTATIONS OF YEAR-ON-YEAR PROGRESS DRIVEN BY SELF-HELP ACTIONS UNCHANGED AT THIS STAGE

GIVEN THE CURRENT CONDITIONS, RISKS ARE TO UPSIDE BUT LONGER-TERM EFFECTS OF THE IRAN CONFLICT REMAIN UNCERTAIN

IN 2026, GROUP EXPECTS TO BE BROADLY FREE CASH FLOW NEUTRAL AFTER ADJUSTING FOR UNWIND OF THE £50M RECEIVABLES PURCHASING ARRANGEMENT WITH KLK

OVERALL TRADING IN FIRST QUARTER OF 2026 WAS IN LINE WITH OUR EXPECTATIONS AND AHEAD OF PRIOR YEAR

WHILE WE HAVE LIMITED DIRECT EXPOSURE TO TARIFFS,  ADJUSTING TO TARIFFS HAD A CLEAR IMPACT ON CUSTOMERS

TRADING IN THE FIRST QUARTER OF 2026 WAS IN LINE WITH OUR EXPECTATIONS AND AHEAD OF PRIOR YEAR

SINCE START OF IRAN CONFLICT WE HAVE EXPERIENCED SUBSTANTIAL CHANGES IN OUR OPERATING AND COMMERCIAL ENVIRONMENT BOTH UP- AND DOWNSTREAM

SIGNIFICANT INCREASES IN RAW MATERIAL, TO A LESSER DEGREE ENERGY COSTS SINCE START OF CONFLICT BEING PASSED THROUGH IN SUBSTANTIAL PRICING ADJUSTMENTS

MAKE NO CHANGES TO OUR 2026 OUTLOOK AT THIS STAGE

TO-DATE OUR GLOBAL SUPPLY CHAINS REMAINED ROBUST, JV MANUFACTURING OPERATION, SALES OFFICE IN MIDDLE EAST ARE CURRENTLY OPERATING NORMAL

EXPECTING ROBUSTLY POSITIVE PERIOD-ON-PERIOD VOLUME, MARGIN DEVELOPMENTS IN Q2 AND POTENTIALLY THEREAFTER

ANTICIPATE MID-SINGLE-DIGIT REVENUE GROWTH OVER THE MEDIUM AND LONG TERM

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