Synthomer reports continued strong trading

22nd Jun 2026 07:57

(Sharecast News) - Synthomer said on Monday that trading in the first half remained strong, with the speciality chemicals group expecting revenue, EBITDA and margins to improve year-on-year despite ongoing geopolitical and end-market uncertainty.

Ahead of its annual general meeting, the company said performance had strengthened through the opening months of 2026, driven by a recovery in its Coatings & Construction Solutions division, stable trading in Adhesive Solutions and continued benefits from cost-saving initiatives.

Trading momentum accelerated in April and May as disruptions linked to the Iran conflict boosted demand in several product categories, particularly within its Health & Protection business, while the group said it had successfully passed higher raw material and energy costs on to customers.

Synthomer said its strengthened financial position following April's debt refinancing, combined with ongoing strategic initiatives, underpinned confidence in delivering year-on-year progress in 2026.

The company also highlighted last week's agreement to divest its non-core Acrylate Monomers business and said further disposal processes were progressing as it seeks to simplify the portfolio and reduce debt.

Chief executive Michael Willome said the group's performance reflected its ability to respond quickly to changing market conditions while continuing to execute its speciality chemicals strategy.

At 0908 BST, shares in Synthomer were down 0.72% at 113.77p.

Reporting by Josh White for Sharecast.com.

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