Synthomer plc (SYNT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our 2026 first half results presentation. I am here with Ian Torrance who joined us in May as interim CFO and who some of you will already know and Faisal Taba, head of investor relations and together we look forward to answering your questions at the end. In terms of the agenda, I will provide an overview of our strong performance and the further strategic progress we made in the first half. Ian will then walk through the numbers in more detail before I come back to present the strategic actions we have been taking in line with our sustained efforts to become a more specialty focused business. Then at the end we will discuss what we expect for the remainder of the year. So let me begin with the highlights and the five headline points that frame our first half performance and the strategic context in which it was delivered. Against the backdrop of a market environment which remained complex to navigate, we delivered a first-half performance that was ahead of expectations. Our revenue grew 5% in constant currency, EBITDA rose 13%, EBIT was up 36% alongside gross margin expansion of nearly 200 basis points and EBITDA margin improvement of 80 basis points to a remarkable 10.1%. This is a strong set of numbers and reflects the compounding effect of the strategic and operational actions we have taken over the past few years and that we have continued to execute with determination and discipline. Our progress in the first half was primarily driven by consistent strategy delivery and self help. Innovative new products and accessing new markets are an important part of our strategy. In the period, this included positive developments in intermescent coatings for data centres, additives for onshore oil and gas drilling, medical adhesives and non-wov...