Umicore is a leader in materials technology and recycling of precious metals
Share capital (09/30/2020) 18.0 %
Voting rights (09/30/2020) 18.0 %
Stake value (09/30/2020) € 1,578 M
Dividend (12/31/2019) € 34.3 M
Investment year
2013
Business area
Materials technology and precious metals recycling
Sales
€ 3,361 M
Employees
11,100
Registered office
Brussels, Belgium
 
Profile

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.

Portfolio value 09/30/2020
8.4 %
Net dividend 12/31/2019
7.0 %

Excluding the reimbursements by the French tax authorities of withholding taxes which had been applied to Total and ENGIE dividends

Investment case

Umicore operates in industries such as automotive and precious metals’ recycling, characterised by high barriers to entry and exposed to strong long-term trends:

  • Megatrend of vehicle electrification
  • Global focus on improving air quality
  • Resource scarcity.

Umicore is a world leader in these fields, notably with the following strengths:

  • Solid know-how with pioneering technologies and world class process
  • High-quality and increasingly diversified production global footprint
  • A recognized leadership in ESG matters, including responsible sourcing of precious metals
  • A solid balance sheet to finance ambitious development projects.
  • Board of Directors 2/9*
  • Audit Committee 1/3*