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Synthomer rebounds to profit as £13m cost cuts offset sluggish demand Business Chemicals group Synthomer has surged back into the black, defying sluggish demand by banking £13m through cost-cutting measures. The London-listed firm, which is headquartered in Essex, made an underlying profit of £2.5m in the first six months of 2024, up from an underlying loss of £6.7m in the same period of 2023. Its shares jumped [...]
Synthomer shares soar after polymer firm sees ‘cautiously encouraging’ start to 2024 Industrials Shares in chemicals group Synthomer soared 31 per cent on Tuesday in their biggest one-day jump ever after the firm said trading so far this year had been "cautiously encouraging", despite reporting a fall in revenue.
Synthomer warns profit may fall CHEMICAL maker Synthomer saw its share price tumble by almost six per cent yesterday, after issuing a £6.5m profit warning. The company stated that, at current run rates and “given the current demand environment in Europe”, the board “now expects full-year profit-before-tax to be slightly below current consensus”, at £87.8m. According to the firm, profit [...]
Synthomer CEO will stand down July 1, 2014 Synthomer, the FTSE 250 listed chemical company, announced yesterday that group chief executive Adrian Whitfield will step down in June 2015 after eight years with the company. Chairman Neil Johnson said that Whitfield had overseen Synthomer’s transformation into a leading producer of aqueous polymers, with revenues having doubled to over £1bn during his tenure.