AT A GLANCE: Covid-19, automotive downturn hit Umicore H1 revenues

A summary of Belgian battery materials company Umicore’s results for the first six months of 2020, as stated in its half-year report published on Friday July 31.

In brief

Revenues from the Energy & Surface Technologies division were down by 8% year-on-year in the first half of 2020, to €557 million ($656 million), due to the effect of the Covid-19 pandemic on sales of electric vehicles (EVs). Earnings were expected to come under further pressure in the second half, with buyers along the rechargeable battery supply chain...

Published

Charlotte Radford

August 03, 2020

19:52 GMT

London