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Solvay: medium-term targets set for Syensqo

( - Syensqo, the specialty chemicals company that will emerge from Solvay's demerger in December, has unveiled its growth strategy for the next five years, which is aimed at creating significant value, while confirming its medium-term financial targets.

On an organic basis, it is targeting net sales growth of 5% to 7% over 2024-28, as well as, in percentage terms and by 2028, an underlying EBITDA margin in the mid-twenties and ROCE in the mid-teens.

Achieving these targets should generate over E7bn in cash between 2024 and 2028. Syensqo intends to prioritise growth, while maintaining a solid investment grade financial rating.

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