28th Apr 2016 06:51
LONDON (Alliance News) - Specialty chemicals company Synthomer PLC on Thursday affirmed its 2016 expectations as trading met forecasts in the first quarter.
The company, which supplies latices and emulsion polymers, said revenue in Europe and North America grew year-on-year in the quarter to the end of March. Volumes were slightly lower, due to lower paper volumes, but margins were ahead, partly due to falling raw materials prices.
Asia and Rest of World revenue was also trading ahead year-on-year, with volumes and unit margins stronger thanks to growth in its Asian nitrile business.
Synthomer said the first quarter met its expectations, leaving it on track for 2016 forecasts.
By Sam Unsted; [email protected]; @SamUAtAlliance
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