Report
Stefano Toffano

Syensqo : Resilient margins and new share buyback

>Steady (but slow) improvements - Overall a good set of Q3 24 results given the continuing macro-economic headwinds. Q3 group revenues were in line with ccs and came in at € 1,633m (+2% yoy organic growth, a good swing from -5% over Q2 24), mainly driven by higher volumes (a.o. Composite Materials and Novecare) and partially offset by lower pricing. Underlying EBITDA was € 374m (-8% yoy organically and c. +4% vs ccs), where volume growth was not sufficient to compensa...
Underlying
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stefano Toffano

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