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: 67/100

Full Year 2023 Synthomer PLC Earnings Call Transcript

Mar 12, 2024 / 09:00AM GMT
Release Date Price: £1.95 (+35.79%)
Michael Willome
Synthomer PLC - Chief Executive Officer, Director

Good morning, everyone, and welcome to our full-year results presentation. It's great to see you here at the Royal Society of Chemistry in London, with many others joining online. As usual, I'm here with Lily, our CFO; and Faisal, Head, Investor Relations. And we look forward to answering your questions.

At the end, I will provide an overview of our performance and the significant steps that we have taken this year to safeguard, strengthen and refocus the business really will then walk through the numbers in more detail before I come back to show how we are making good and differentiated progress in each of the divisions and how that underpins our confidence for the future.

Starting with performance. And as you are well aware, market conditions have been amongst the most challenging in decades, both for Synthomer and the wider industry. A prolonged period of depressed demand meant that our volumes declined by 10% in the year albeit at a slower rate in the second half, total revenues were 15% lower at GBP2 billion as we

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot