Syensqo is continuing its transformation around advanced materials and high-performance speciality businesses. The group reported net sales of €1.4 billion in the first quarter of 2026, with underlying EBITDA reaching €251 million, up 6% compared with the previous quarter.
This improvement comes despite an environment still impacted by foreign exchange headwinds and geopolitical tensions. Syensqo also highlighted improving order trends at the beginning of the second quarter, providing greater visibility for the remainder of the year.
As part of its strategic refocusing, the group completed the divestment of its Oil & Gas business in January for approximately €130 million, while also lowering planned capital expenditure for 2026 in order to strengthen capital discipline and cash generation.
Composites identified as the main growth driver
Beyond the quarterly results, the clearest signal from Syensqo concerns composites. The group explicitly identified Composite Materials as the main driver of volume growth expected in 2026.
The business already contributed to the sequential improvement in EBITDA during the first quarter, alongside Specialty Polymers (high-performance polymers) and Novecare (speciality chemical solutions for personal care and industrial applications).
This reflects a gradual recovery in demand across several high value-added markets, particularly aerospace and advanced industrial applications, where composites play a key role in lightweighting, performance and sustainability. Positive trends seen in the order book at the beginning of the second quarter also point towards a gradual acceleration in composites activity over the coming months.
“We continue to see improving order book trends in the second quarter, which gives us greater visibility to deliver on our full-year outlook,” said Mike Radossich, CEO of Syensqo.
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