Synthomer Full-Year Report 2022

Revenue in 2022 increased by 11.0% to £2,585.1m, principally reflecting nine months of revenues from our new adhesive resins business, offset by a substantial reduction in revenue from our Performance Elastomers division when compared to the exceptional performance of 2021, largely driven by unprecedented destocking of nitrile gloves.

Operating profit before depreciation, amortisation and Special Items. Group EBITDA of £265.1m reduced by 50.8% compared to the exceptional performance of 2021. Reduced EBITDA from Performance Elastomers and weakening demand in the second half in our other businesses was partially mitigated by robust price management.