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Syensqo announces revised segment reporting
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 :
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.
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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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