Syensqo rises on expected FX- and tariffs-driven guidance adjustment

** Shares in Belgian speciality chemicals group Syensqo SYENS rise 5.3%, paring gains after rising as much as 7.6%, after the group adjusted its 2025 guidance downwards to adjust for FX and tariff effects

** "The decline in the outlook was quite discounted given FX and the trading environment still not supportive, as evidenced by the recent profit warnings in the sector," says Equinox

** Group downgraded its EBITDA outlook by 100 million euros, from at least 1.4 billion euros ($1.60 billion) to 1.3 billion euros, of which 2/3 for FX and 1/3 for the tariff effect

** Broker adds the implied EBITDA guidance on second half is equal to the first, implying a sustained performance in the fourth quarter given " unfavourable seasonality of the end of the year"

** "Despite the weak current earnings momentum, we believe that cost efficiency measures and portfolio streamlining should eventually be positive for the investment case," says KBC Securities

** "Overall, we see the new guidance as likely to be close to buyside expectations," says J.P. Morgan

** Syensqo reiterated the targeted savings run rate of more than 200 million euros by end 2026

** If gains hold share are up 2.81% YTD​

($1 = 0.8741 euros)