Business
Interim Results for 6 months ended 30 June 2019
Interim Results for 6 months ended 30 June 2019.
About this update from Synthomer Plc
[{"type":"text","content":"\n \nRNS Number : 9736H Synthomer PLC 06 August 2019 \n\nSynthomer plc\nInterim Results for the six months ended 30 June 2019\n \nChallenging H1 2019 environment but improved conditions and \nadditional H2 2019 capacity underpin Full Year outlook \nProposed acquisition of Omnova Solutions Inc announced 3 July 2019\n \n\n\n\n\nHighlights\nUnderlying performance1\n\n\n \nH1 2019\n\n\n \nH1 20183\n\n\n \n\n\nReported\n\n\nConstant currency2\n\n\n\n\n \n\n\n£m\n\n\n£m\n\n\n \n\n\n%\n\n\n%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue \n\n\n762.7\n\n\n833.8\n\n\n \n\n\n(8.5)\n\n\n(8.6)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nVolumes (ktes)\n\n\n750.8\n\n\n796.6\n\n\n \n\n\n(5.7)\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOperating profit \n\n\n74.7\n\n\n79.4\n\n\n \n\n\n(5.9)\n\n\n(6.2)\n\n\n\n\nPerformance Elastomers\n\n\n41.0\n\n\n43.2\n\n\n \n\n\n(5.1)\n\n\n(5.8)\n\n\n\n\nFunctional Solutions\n\n\n30.8\n\n\n33.1\n\n\n \n\n\n(6.9)\n\n\n(6.6)\n\n\n\n\nIndustrial Specialities\n\n\n10.6\n\n\n10.6\n\n\n \n\n\n-\n\n\n-\n\n\n\n\nUnallocated corporate expenses\n\n\n(7.7)\n\n\n(7.5)\n\n\n \n\n\n(2.7)\n\n\n(2.7)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nProfit before taxation\n\n\n70.2\n\n\n76.2\n\n\n \n\n\n(7.9)\n\n\n(8.1)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nEPS (p)4\n\n\n16.5\n\n\n17.1\n\n\n \n\n\n(3.5)\n\n\n \n\n\n\n\nDPS (p)4\n\n\n4.0\n\n\n3.7\n\n\n \n\n\n8.1\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nIFRS Profit before taxation\n\n\n56.6\n\n\n86.2\n\n\n \n\n\n(34.3)\n\n\n \n\n\n\n\nIFRS EPS (p)4\n\n\n13.0\n\n\n19.2\n\n\n \n\n\n(32.3)\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n1 - Underlying performance excludes Special Items. See note 3.\n2 - Constant currency revenue and profit: these reflect current year results translated at the prior year's average exchange rates.\n3 - Restated to reflect the new global organisational structure announced in November 2018 and effective from 1 ...