Synthos Q1 Report 2023
- Q1 2023 in line with Q4 2022 with an EBITDA at 279PLNm. 2. We see no improvement of our markets:
- Rubbers is weak on replacement of tyres and still with limited opportunity for profitable export outside Europe and important import of Russian rubbers in Europe,
- insulation material is impacted by the crisis of the
building sector in Europe with very low new construction of buildings.
- It leads to quite significant decrease of our sales volumes at – 15% compared to the same period of last year, even if we performed better than the market, thanks to our portfolio of advanced products.
- We continue our investment plans: cleaner utility with the
CCGT, backward integration to increase our own Butadiene production and new capacity in advanced products (dispersion and EPS grey).
