Synthomer PLC (LSE:SYNT)

£ 3.34 0.035 (1.06%) Market Cap: 546.32 Mil Enterprise Value: 1.10 Bil PE Ratio: 0 PB Ratio: 0.47 GF Score: 65/100

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Q1 2021 Synthomer PLC Trading Statement Call Transcript

Apr 21, 2021 / 07:00AM GMT

Release Date Price: £36.56 (+3.07%)

Transcript

Operator

Ladies and gentlemen, welcome to the Synthomer Q1 trading update. My name is Charlie, and I'll be coordinating the call today. (Operator Instructions)

I will now hand over to your host, Calum MacLean, CEO, to begin. Calum, please go ahead.

Calum G. MacLean

Synthomer plc - CEO, Interim President of Specialities & Executive Director

Thank you, Charlie, and good morning, everybody. Welcome to our Q1 trading update. I'm joined today on the call by Stephen Bennett, company CFO; and Tim Hughes, Head of Investor Relations.

A couple of takeaways for you today. One is -- on this update. One is that all businesses are very much trading well ahead of last year, and that's across all 3 divisions, plus our Acrylate Monomers, and I'll dive into that a little bit in just a second. So that's the first takeaway.

The second takeaway is that following our update of 6 to 8 weeks ago, when we promised to give you regular updates on the sort of supply-demand balance of the nitrile area, we are confirming today that, that tightness has continued and

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