Umicore upgrades 2020 earnings guidance

By IM Staff
Published: Tuesday, 15 December 2020

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.

By Susan Zou

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...

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