Synthomer H1 Earnings Call Highlights

Key Points

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• Synthomer delivered a stronger-than-expected archetypal half, with gross up 6.7%, EBITDA up 13% and margins expanding to 10.1%. Growth was driven by specialty products, outgo actions and supply-chain disruption benefits.

• The institution raised its full-year outlook to somewhat up of marketplace expectations, forecasting affirmative escaped currency travel and covenant leverage of 4.0–4.35 times by year-end, versus 4.9 times astatine June 30.

• Portfolio reshaping and operational improvements stay priorities: Synthomer expects £150 million–£200 cardinal from planned disposals, portion CCS posted peculiarly beardown maturation and Adhesive Solutions continued its translation programme contempt first-half tract disruptions.

Synthomer (LON:SYNT) reported first-half 2026 gross and net maturation up of expectations, citing specialty-product growth, outgo actions and its quality to respond to supply-chain disruptions. The chemicals radical besides raised its full-year outlook and said it expects improved currency procreation and little leverage by year-end.

Revenue from continuing operations roseate 6.7% connected a reported ground to £954 million, oregon 5.1% successful changeless currency, Interim CFO Iain Torrens said. Volumes accrued 2.3% crossed the group, portion EBITDA roseate 13% and the EBITDA borderline accrued 80 ground points to 10.1%.

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The institution said EBIT accrued 36% successful its presentation, portion Torrens described an astir 42% summation connected the income-statement ground discussed during the call. Group nett earlier taxation roseate by £11.4 cardinal to £12.7 million, including the effect of stronger show successful the Acrylate Monomers concern and higher concern costs.

Synthomer attributed astir £8 cardinal of its first-half EBITDA betterment to recurring specialty growth, caller products and outgo measures. A further £6 cardinal was linked much straight to marketplace disruption successful the 2nd quarter, peculiarly successful basal chemic markets, which absorption does not expect to recur successful the 2nd half.

Division show

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All 3 divisions recorded gross and measurement growth. Coatings & Construction Solutions, oregon CCS, delivered 5.8% constant-currency gross growth, with volumes up 2.5%. EBITDA successful the part accrued 33% to £46 million, and its borderline expanded 220 ground points to 11.5%.

CCS benefited from request for intumescent and high-performance coatings utilized successful information centers and concern applications, arsenic good arsenic maturation successful vigor solutions and operation enactment successful Asia. The institution said volumes successful intumescent coatings doubled twelvemonth implicit year, supported by AI data-center and infrastructure demand. Decorative coatings and consumer-material volumes declined slightly.