(GLOBE NEWSWIRE via COMTEX) --
Syensqo announces revised segment reporting
Consumer & Resources segment renamed Performance & Care, focused on Novecare & Technology Solutions
New "Other Solutions" segment comprised of Aroma Performance and Oil & Gas
Brussels, Belgium - May 13, 2025 - 8:30 CEST
Syensqo SA ("Syensqo" or the "Company") today announced that it has changed its segment reporting structure to align with its previously announced intention to divest its Oil & Gas and Aroma Performance business units.
Effective from the first quarter of 2025, the Company will disclose net sales, underlying EBITDA, working capital and capital expenditure for its four reportable segments; Materials, Performance & Care, Other Solutions and Corporate & Business Services:
- Materials will continue to consist of the Specialty Polymers and Composite Materials global business units (GBUs). The Materials segment offers a unique portfolio of high-performance polymers and composite technologies used primarily in sustainable mobility applications. Its solutions enable weight reduction and enhance performance while improving CO2 and energy efficiency. Major markets served include next-generation mobility in automotive and aerospace, healthcare and electronics.
- Performance & Care, the new name for Consumer & Resources, will now comprise the Novecare and Technology Solutions GBUs. This new name denotes the segment's customer value proposition (i.e., enhanced performance, improved efficiency, and optimized resource utilization in applications), while "care" reflects the segment's focus on sustainability, with an emphasis on natural, renewable, and biodegradable solutions. Novecare's portfolio of surface chemistry solutions and deep formulation & application expertise, is dedicated to innovations for natural and sustainable solutions spanning the home and beauty care, coatings and agricultural end markets. Technology Solutions is a global leader in specialty mining reagents and technical services to maximize performance in metal extraction and mineral processing.
- Other Solutions combine the specialty formulations of the Aroma Performance and Oil & Gas GBUs. Aroma Performance is the world's largest integrated producer of synthetic and natural vanillin and a global leader in the Hydroquinone market. Oil & Gas delivers a comprehensive range of products and solutions tailored for the upstream oilfield sector, focusing on enhancing operational efficiency and performance.
- Corporate & Business Services will continue to include corporate and other business services, such as research & innovation, cogeneration units dedicated to the Syensqo activities, new business development (NBD) and the Peroxides activities in the Zhenjiang entity.
The Company has recast previously reported quarterly and full year segment financial information for fiscal year 2024 to reflect the new reportable segments. The segment changes have no impact on previously reported consolidated financial statements.
To illustrate the changes, the Company has included the unaudited segment financial information in the supplemental information below.
The Company will report under the four segments, as illustrated in Table 1 of the supplemental information below, with its results for the first quarter of 2025, which will be announced on May 15, 2025.
Contacts
Investors & Analysts Media
investor.relations@syensqo.com media.relations@syensqo.com
Sherief Bakr +44 7920 575 989 Perrine Marchal +32 478 32 62 72
Bisser Alexandrov +33 607 635 280 Laetitia Schreiber +32 487 74 38 07
Loic Flament +32 478 69 74 20
Robbin Moore-Randolph +1 470 493 2433
About Syensqo
Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates.
Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and health care applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity.
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Attachments
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20250513_New C&R Segmentation_EN
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20250512_SYENSQO NEW SEGMENTATION
COMTEX_465463335/2241/2025-05-13T02:30:26
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