Latest news with #Syensqo
Yahoo
21-05-2025
- Business
- Yahoo
Syensqo Announces Pricing of 1.2 billion euro-denominated Bond Offering
Syensqo Announces Pricing of 1.2 billion euro-denominated Bond Offering Brussels, Belgium – May 21, 2025 - 18:30 CEST - Syensqo SA (the "Issuer") announces the pricing of senior fixed rate bonds (together, the 'Bonds'): EUR 600 million aggregate principal amount of 3.375% bonds due 2031 at an issue price of 99.674% EUR 600 million aggregate principal amount of 4% bonds due 2035 at an issue price of 99.789% The proceeds of the offering will be used for general corporate purposes. The bonds are expected to be listed and admitted to trading on the regulated market of the Luxembourg Stock Exchange. Christopher Davis, Chief Financial Officer of Syensqo, commented: 'The transaction is another outstanding achievement for Syensqo, establishing the company as an issuer in the euro bond market and further strengthening our balanced financial profile. After our successful USD 1.2 billion bond issuance in 2024, we witnessed strong demand from a wide range of institutional investors, which is a testament to the capital markets' confidence in Syensqo's credit profile and growth strategy.' DisclaimerThis press release does not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for, securities in the United States or any other jurisdiction. The securities referred to herein have not been, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered, purchased or sold in the United States or to U.S. issue, purchase or sale of securities in the offering are subject to specific legal or regulatory restrictions in certain jurisdictions. Syensqo assumes no responsibility in the event there is a violation by any person of such information contained herein shall not constitute or form part of an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein, in any jurisdiction in which such offer, solicitation or sale would be has not authorised any offer to retail investors of securities in any Member State of the European Economic Area ('EEA') nor in the United Kingdom (the 'UK').The securities referred to herein are not intended to be offered, sold or otherwise made available to, and should not be offered, sold or otherwise made available to, any retail investor in the EEA or in the UK. For these purposes, the expression 'retail investor' in the EEA means a person who is one (or both) of: (a) a retail client, as defined in point (11) of Article 4(1) of the Market and Financial Instruments Directive 2014/65/EU, as amended ('MiFID II') or (b) a customer, within the meaning of the Directive (EU) 2016/97 (as amended) where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II and the expression "retail investor" in the UK means a person who is one (or both) of: (a) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ('EUWA') or (b) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the 'FSMA') and any rules or regulations made under the FSMA to implement the Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the communication may only be communicated to persons in the United Kingdom in circumstances where the provisions of section 21(1) of the FSMA do not apply to the Issuer and is directed solely at persons in the United Kingdom who (i) have professional experience in matters relating to investments, such persons falling within the definition of 'investment professionals' in Article 19(5) of the FSMA (Financial Promotion) Order 2005, as amended (the 'Financial Promotion Order') or (ii) are persons falling within article 49(2)(a) to (d) of the Financial Promotion Order or other persons to whom it may lawfully be communicated, (all such persons together being referred to as 'relevant persons'). This communication is directed only to relevant persons and must not be acted on or relied on by persons who are not relevant securities referred to herein may be held only by, and transferred only to, eligible investors referred to in Article 4 of the Belgian Royal Decree of 26 May 1994, holding their securities in an exempt securities account that has been opened with a financial institution that is a direct or indirect participant in the Securities Settlement System operated by the National Bank of Belgium. The securities are not intended to be offered, sold or otherwise made available to, and should not be offered, sold or otherwise made available to, any consumer (consumenten / consommateurs) within the meaning of the Belgian Code of Economic Law (Wetboek van economisch recht / Code de droit économique).Contacts Investors & Media Sherief BakrBisser AlexandrovLoïc FlamentRobbin Moore-Randolph +44 7920 575 989+33 607 635 280+32 478 69 74 20+1 470 493 2433 Perrine MarchalLaetitia Schreiber +32 478 32 62 72+32 487 74 38 07 Safe harborThis press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements. About Syensqo Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates. Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and health care applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity. 2025 Calendar July 31, 2025: Q2 2025 results Nov 6, 2025: Q3 2025 results Useful links Earnings materials Strategy Share information Credit information Separation documents Webcasts, presentations and podcasts Annual Integrated Report Subscribe to our distribution list Attachment 20250521_Refinancing pricing_EN
Reuters
15-05-2025
- Business
- Reuters
Belgium's Syensqo to cut 200 jobs due to uncertain demand, after Q1 profit beat
May 15 (Reuters) - Belgian chemicals group Syensqo ( opens new tab beat first-quarter earnings expectations on Thursday, aided by a strong performance of its technology solutions business, but said it would need to cut around 200 jobs amid macroeconomic concerns. "The start of the year has also seen increased uncertainty from ongoing tariff and global trade tensions ... the broader consequences on end demand and the global economy remain unknown," CEO Ilham Kadri said in a statement. Due to uncertain demand, Syensqo is speeding up its restructuring and cost cutting measures, aimed at saving more than 200 million euros ($224 million) by the end of 2026. Half of the planned job cuts will come through retirements, while the other half is to be mitigated by creation of 25 new jobs resulting from the separation with Solvay ( opens new tab, Kadri told journalists. "Our company, post demerger with Solvay, is becoming a purer player, with simpler reporting, higher margins and a more focused speciality company," she said on a wire call. The company's shares fell 1.2% by 0721 GMT. Syensqo, which said in February it was exploring a possible U.S. listing, is analysing this option and expects to make a decision by the end of 2025 or early next year, Kadri said. Its underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 15.1% organically to 311 million euros in the first quarter, but beat analysts' average forecast of 301 million provided by the company. European peers like Solvay and Covestro ( opens new tab have recently lowered their full-year forecasts due to declining demand, although many have said they can mitigate direct tariff effects through local production. Syensqo has also said it can manage tariff effects by redirecting volumes to unaffected customers and regions. It confirmed 2025 guidance, which excludes the direct impact of tariffs and foreign currency exchange movements. In a separate statement, Syensqo said it had signed multi-year battery materials contracts worth more than 150 million euros with unnamed automotive and battery making clients. ($1 = 0.8932 euros)
Yahoo
13-05-2025
- Business
- Yahoo
Syensqo announces revised segment reporting
Syensqo announces revised segment reporting Consumer & Resources segment renamed Performance & Care, focused on Novecare & Technology Solutions New 'Other Solutions' segment comprised of Aroma Performance and Oil & Gas Brussels, Belgium – May 13, 2025 - 8:30 CEST Syensqo SA ('Syensqo' or the 'Company') today announced that it has changed its segment reporting structure to align with its previously announced intention to divest its Oil & Gas and Aroma Performance business units. Effective from the first quarter of 2025, the Company will disclose net sales, underlying EBITDA, working capital and capital expenditure for its four reportable segments; Materials, Performance & Care, Other Solutions and Corporate & Business Services: Materials will continue to consist of the Specialty Polymers and Composite Materials global business units (GBUs). The Materials segment offers a unique portfolio of high-performance polymers and composite technologies used primarily in sustainable mobility applications. Its solutions enable weight reduction and enhance performance while improving CO2 and energy efficiency. Major markets served include next-generation mobility in automotive and aerospace, healthcare and electronics. Performance & Care, the new name for Consumer & Resources, will now comprise the Novecare and Technology Solutions GBUs. This new name denotes the segment's customer value proposition (i.e., enhanced performance, improved efficiency, and optimized resource utilization in applications), while 'care' reflects the segment's focus on sustainability, with an emphasis on natural, renewable, and biodegradable solutions. Novecare's portfolio of surface chemistry solutions and deep formulation & application expertise, is dedicated to innovations for natural and sustainable solutions spanning the home and beauty care, coatings and agricultural end markets. Technology Solutions is a global leader in specialty mining reagents and technical services to maximize performance in metal extraction and mineral processing. Other Solutions combine the specialty formulations of the Aroma Performance and Oil & Gas GBUs. Aroma Performance is the world's largest integrated producer of synthetic and natural vanillin and a global leader in the Hydroquinone market. Oil & Gas delivers a comprehensive range of products and solutions tailored for the upstream oilfield sector, focusing on enhancing operational efficiency and performance. Corporate & Business Services will continue to include corporate and other business services, such as research & innovation, cogeneration units dedicated to the Syensqo activities, new business development (NBD) and the Peroxides activities in the Zhenjiang entity. The Company has recast previously reported quarterly and full year segment financial information for fiscal year 2024 to reflect the new reportable segments. The segment changes have no impact on previously reported consolidated financial statements. To illustrate the changes, the Company has included the unaudited segment financial information in the supplemental information below. The Company will report under the four segments, as illustrated in Table 1 of the supplemental information below, with its results for the first quarter of 2025, which will be announced on May 15, 2025. Contacts Investors & Media Sherief BakrBisser AlexandrovLoïc FlamentRobbin Moore-Randolph +44 7920 575 989+33 607 635 280+32 478 69 74 20+1 470 493 2433 Perrine MarchalLaetitia Schreiber +32 478 32 62 72+32 487 74 38 07 About Syensqo Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates. Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and health care applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity. Useful links Earnings materials Strategy Share information Credit information Separation documents Webcasts, podcasts and presentations Annual Integrated Report Subscribe to our distribution list Attachments 20250513_New C&R Segmentation_EN 20250512_SYENSQO NEW SEGMENTATIONError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Syensqo - Acquisition of own shares
Acquisition of own shares Brussels, Belgium – May 12, 2025 - 17:45 CET In accordance with article 7:215 of the Belgian Code of Companies and Associations, Syensqo SA ('Syensqo' or the 'Company') pursues its Share Buyback Program (or the 'Program') announced on September 30, 2024, covering up to €300 million. This third tranche began on February 27, 2025 and will run until June 27, 2025 at the latest, and will cover a maximum amount of up to €50 million (of the €300 million Program). The Company intends to cancel all shares acquired through this tranche. In the framework of this tranche, Syensqo announces that it has repurchased 44,671 Syensqo shares in the period from May 05, 2025 up to and including May 09, 2025, as follows: Date of purchase Market / MTF Number of shares Average price paid (€) Total (€) Lowest price paid (€) Highest price paid (€) 05-May-25 CEUX 4,464 64.02 285,791.98 63.68 64.38 05-May-25 XBRU 4,160 63.99 266,201.31 63.62 64.40 06-May-25 CEUX 4,221 63.55 268,274.10 63.06 63.92 06-May-25 XBRU 4,531 63.60 288,186.55 63.14 64.24 07-May-25 CEUX 5,780 63.40 366,458.94 62.9 63.94 07-May-25 XBRU 3,923 63.42 248,817.06 63.04 63.94 08-May-25 CEUX 4,672 63.22 295,402.62 62.6 63.66 08-May-25 XBRU 4,352 63.17 274,929.77 62.44 63.62 09-May-25 CEUX 4,218 64.13 270,534.08 63.8 64.7 09-May-25 XBRU 4,350 64.27 279,591.47 63.88 64.78 Total 44,671 2,844,187.87 As of May 09, 2025, the Company held a total of 1,414,995 own shares, spread out as follows: 17,592 Syensqo shares in the framework of the third tranche of the ongoing €300 million Program that started on November 5, 2024; 746,031 Syensqo shares in the framework of the LTIP Share Buyback Program that ended on October 23, 2024; 651,372 Syensqo shares by Syensqo Stock Option Management SRL ('SSOM'), a wholly owned indirect subsidiary of the Company. Contacts Investors & Sherief Bakr Bisser Alexandrov Loïc FlamentRobin Moore- Randolph +44 7920 575 989 +33 607 635 28 +32 478 69 74 20+1 470 493 2433 Perrine MarchalLaetitia Schreiber +32 487 74 38 07+32 478 32 62 72 Safe harbor This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements. About Syensqo Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates. Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and health care applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity. Investor Relations sources Earnings materials Strategy Share information Credit information Separation documents Webcasts, podcasts and presentations 2023 Annual Integrated Report Subscribe to our distribution list Attachment 20250512_Acquisition of shares_ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Syensqo announces the cancellation of repurchased shares
Syensqo announces the cancellation of repurchased shares Brussels, Belgium – May 9, 2025 - 17:45 CEST In accordance with article 15 of the law of May 2, 2007 (transparency law) on the disclosure of important participating interests in issuers whose shares are admitted for trading on a regulated market, and following the cancellation of 445,001 own shares in May 2025 acquired until May 7, 2025, in the framework of the third tranche of the ongoing €300 million Share Buyback Program, the updated information about the capital, the shares and the voting rights of Syensqo SA is as follows: Total capital: EUR 1,351,624,292.82 New total number of shares and voting rights (= denominator): 103,921,273 The denominator serves as a basis for the notification of major holdings by shareholders. The thresholds, as provided by Article 11 of the Articles of Association of Syensqo SA, are therefore applicable. As a reminder, the notifications of major shareholdings must be sent to the FSMA as well as to the Company. Contacts Investors & Media Sherief BakrBisser AlexandrovLoïc FlamentRobbin Moore-Randolph +44 7920 575 989+33 607 635 280+32 478 69 74 20+1 470 493 2433 Perrine Marchal Laetitia Schreiber +32 478 32 62 72 +32 487 74 38 07 Safe harborThis press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements. About Syensqo Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates. Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and health care applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity. Useful links Earnings materials Strategy Share information Credit information Separation documents Webcasts, podcasts and presentations Annual Integrated Report Subscribe to our distribution list Attachment 20250509_Shares cancellation_ENSign in to access your portfolio
