Umicore upgrades 2020 earnings guidance
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