Umicore expects slightly lower 2021 earnings amid semiconductor shortage

Belgian battery materials manufacturer Umicore has lowered their full-year outlook for 2021 because the global semiconductor shortage has impacted its catalysis, cathode materials and recycling segments business, the company said on Monday October 18.

Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to approach €1 billion ($1.16 billion), compared with the previous estimate of slightly over €1 billion, communicated on 30 July. The latest figure is based on current metal prices...


Carrie Shi

October 18, 2021

11:00 GMT