Synthomer increases its 2017 interim dividend by 5.7%

DividendMax Ltd.

Synthomer increases its 2017 interim dividend by 5.7%

H1 highlights:

Underlying profit before tax up 17.4% to £71.6m (constant currency up 10.8%):

• Two 'bolt-on' acquisitions completed in last 12 months successfully integrated

• Europe & North America continue to grow in line with GDP

• Asia & Rest of World in line with guidance with H1 Nitrile Latex margins stable vs Q4 2016

• Positive FX impact

IFRS profit before tax £53.4m

R&D delivering sustainable growth: new products represent circa 20% total sales* (2016: 18%)

Underlying earnings per share up 21.7% at 16.8p per share

Interim dividend of 3.7p (2016: 3.5p); increase of 5.7% in line with dividend policy

Strong and flexible balance sheet maintained - leverage 1.3x EBITDA

Companies mentioned