Synthomer PLC (SYNT.L) Thursday said weaker than anticipated demand in Europe during March and April has led to volumes and profit being lower against a strong performance in the same period last year. The firm, however, said trading in Asia has been ahead of expectations in the year-to-date. Looking forward, the firm said, due to the aforementioned factors, it remains cautious about outlook for the year and expects the relative strength in Asia to partially off-set the weakness in Europe.
The company said since its last update in March, the macro-economic environment in Europe has remained challenging taking a toll on demand. Europe and North America business experienced 7 percent year-on-year volume declines in March and April. Further, weakness continued to be most evident in construction and related areas, in part due to the adverse weather conditions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.