Umicore upgrades 2020 earnings guidance

Belgian battery-materials manufacturer Umicore has upgraded its 2020 earnings guidance following a stronger-than-anticipated performance in November and December in its catalysis and recycling segments, the company said on Monday December 14.

Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the region of €530 million ($644 million), compared with the previous estimate of €465-490 million communicated on 2 November.

The company’s catalysis business was supported by a continued...

Published

Susan Zou

December 15, 2020

03:44 GMT

Shanghai