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Syensqo (SYENS) investor relations material

Syensqo Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Delivered Q2 2025 results in a challenging macroeconomic environment, meeting outlook expectations with strong margin performance and resilient pricing in core segments.

  • Progressed ahead of schedule on separation from Solvay, exiting 85% of TSAs, including ERP and shared services, enabling further cost savings and organizational simplification.

  • Advanced innovation and sustainability initiatives, including new AI collaborations with Microsoft and expanded partnerships in aerospace, defense, and sustainable materials.

  • Completed €1.2 billion senior bond issuance and progressed on share buyback program, reaching 50% completion.

  • Over 70% of EBITDA generated by high-margin Materials segment, with sequential margin expansion and stable net pricing despite lower year-on-year volumes.

Financial highlights

  • Q2 net sales totaled €1.59 billion, down 7% year-over-year, mainly due to lower demand and unfavorable FX in Specialty Polymers and Technology Solutions.

  • Underlying EBITDA for Q2 was €335 million, down 11% year-over-year but up 8% sequentially; EBITDA margin reached 21.1%, up 190 bps sequentially.

  • Gross profit was €506 million, margin at 31.9%, down 220 bps year-over-year but up 20 bps sequentially.

  • Cash conversion remained healthy at 72% LTM; operating cash flow for Q2 was €20 million, with free cash flow to shareholders at -€67 million.

  • Basic EPS was €1.37, down 9.5% year-over-year but up 41.9% sequentially.

Outlook and guidance

  • Full-year 2025 underlying EBITDA expected at approximately €1.3 billion, factoring in €100 million impact from FX and tariffs; capex below €600 million; free cash flow forecast at €350 million.

  • Cost saving and efficiency initiatives to deliver over €200 million run-rate savings by end of 2026, with phasing weighted to H2 2025.

  • Easing of headwinds in semiconductors anticipated in H2, with order books already showing improvement.

  • Ongoing macro and demand uncertainty, with mitigation actions focused on cost savings and restructuring.

  • Focus remains on cost control, capital discipline, and leveraging existing capacities for future growth.

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Frequently asked questions

Syensqo SA/NV is specialty chemicals company. It operates through two main divisions. The first division focuses on materials, featuring a high-performance polymers platform alongside a leading composites business that primarily serves the automotive, aerospace & defense, and electronics markets. The second division, Consumer and Resources, delivers specialty solutions to consumer-focused end-markets, including Agro, Personal Care, Food, and more. The company is headquartered in Brussels, Belgium, and its shares are listed on the Euronext Brussels.

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