Umicore is a leader in materials technology and recycling of precious metals
Share capital 30/09/2018
Value of the stake 30/09/2018
Voting rights 30/09/2018
Number of representatives in statutory bodies 30/09/2018
Umicore is a global group specialised in materials technology and the recycling of precious metals. Its activity is focused on application fields where its expertise in materials science, chemistry and metallurgy is widely recognized. It is centered on three business groups: Catalysis, Energy & Surface Technologies and Recycling.
Performance in 2017
Umicore had an outstanding performance in 2017, driven, among others, by strong growth in Energy & Surface Technologies benefiting from high demand and the ramp-up of new production capacity for cathode materials.
Revenues and recurring EBIT for continued activities increased by 16% and 24% respectively.
Revenues, including discontinued activities, grew by 9% and recurring EBIT rose by 17%. Recurring net profit (group’s share) was up by 15%.
Net financial indebtedness increased to EUR 840 million, largely driven by Umicore’s capital expenditures and net working capital spending as well as the acquisitions in Automotive Catalysts and Cobalt & Specialty Materials.
2017 saw significant progress in reshaping the group:
- completion of the portfolio realignment announced in 2015: divestments of Building Products, large area coatings activity of Thin Film Products and European operations of Technical Materials;
- selective acquisitions to strengthen the positioning in Catalysis and Cobalt & Specialty Materials.
On 8 February 2018, Umicore completed a EUR 892 million capital increase, placing new ordinary shares through an accelerated bookbuild. The proceeds will be used to fund growth investments, particularly in cathode materials and will provide more financial flexibility to pursue potential acquisitions and partnerships that would further strengthen Umicore’s offering in clean mobility materials and recycling.
Umicore has a business model geared towards clean technologies that are benefiting from favourable long-term trends, namely through activities in automotive catalysts, batteries for electric cars and precious metals recycling.
In these areas, Umicore enjoys a global leadership position, along with solid know-how, high-quality means of production and a talented management team.
|Board of Directors (2/10*)||Audit Committee (1/3*)|