Syensqo announces revised segment reporting

Core Viewpoint - Syensqo has revised its segment reporting structure to better align with its strategic focus, particularly in light of its intention to divest from the Oil & Gas and Aroma Performance business units [1][2]. Group 1: Segment Reporting Changes - The new segment reporting structure will include four reportable segments: Materials, Performance & Care, Other Solutions, and Corporate & Business Services, effective from Q1 2025 [2][4]. - The previously reported financial information for fiscal year 2024 has been recast to reflect these new segments, although this change does not impact the previously reported consolidated financial statements [2][3]. Group 2: Segment Descriptions - The Materials segment will continue to consist of Specialty Polymers and Composite Materials, focusing on high-performance polymers and composite technologies for sustainable mobility applications [4]. - Performance & Care, previously known as Consumer & Resources, will now include Novecare and Technology Solutions, emphasizing sustainability and enhanced performance in various applications [4]. - Other Solutions will combine Aroma Performance and Oil & Gas, with Aroma Performance being a leader in synthetic and natural vanillin production and Oil & Gas providing tailored solutions for the upstream oilfield sector [4]. - Corporate & Business Services will encompass corporate functions and other business services, including research & innovation and new business development [4].