Report
Syensqo Feedback conference call
Below are the highlights from the FY24 results conference call. We remind that 4Q underlying EBITDA was up 5% organically, being 1% above consensus and 2% below our forecast. FY25 underlying EBITDA of at least € 1.4bn (roughly flat vs FY24) is at the bottom c 5% below CSS and 6.6% below KBCS forecast. Syensqo will explore a dual listing in the US and aims to divest Oil&Gas and Aroma in an effort to create shareholder value. Despite the weaker than expected FY25 guidance, we still appreciate Syensqo for its solid market positions, strong balance sheet (1.3x leverage) and solid mid to long term growth potential. Valuation is clearly discounted vs peers and prompt us to reiterate our BUY rating.
Underlying
SYENSQO
Provider
KBC Securities
We are a financial services provider for several types of professional clients, each with distinct needs.
Wim Hoste
Other Reports on these Companies
Other Reports from KBC Securities
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.