Umicore set for outstanding performance in 2021 - Seite 2
Corporate costs are foreseen to increase to approximately € 70 million reflecting a step-up in research activities related to the technology roadmap and digitalization initiatives, as previously announced.
The strong price increase in precious metals, PGMs in particular, is resulting in increased working capital requirements for the Group, especially in Catalysis, thereby impacting free cash flows.
Marc Grynberg, CEO of Umicore, and Filip Platteeuw, CFO, will hold a conference call at 10:00 am CEST today, on 22 April 2021. Please visit: http://umicore.com/2021_outlook
For more information
Investor Relations
Saskia Dheedene +32 2 227 72 21 saskia.dheedene@umicore.com
Eva Behaeghe +32 2 227 70 68 eva.behaeghe@umicore.com
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Aurélie Bultynck +32 2 227 74 34 aurelie.bultynck@umicore.com
Media Relations
Marjolein Scheers +32 2 227 71 47 marjolein.scheers@umicore.com
Financial calendar
29 April 2021 First quarter 2021 business update
29 April 2021 Annual General Meeting
3 May 2021 Ex-dividend trading date
4 May 2021 Record date for the dividend
5 May 2021 Payment date for the dividend
30 July 2021 Half year results 2021
About Umicore
Umicore is a global materials technology and recycling group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organized in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.
Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore’s overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.
Umicore’s industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. The Group generated revenues (excluding metal) of € 3.2 billion (turnover of € 20.7 billion) in 2020 and currently employs 10,800 people.
1 Recycling adjusted EBIT stood at € 362 million in 2020.
2 Catalysis adjusted EBIT stood at € 154 million in 2020.
3 Umicore announced on February 11, 2021 that it expected adjusted EBIT for Energy & Surface Technologies to grow meaningfully in 2021, in line with current market expectations which stood back then at € 115 million, and up from € 75 million in 2020.