Umicore’s H1 figures showed a good performance seeing sales growth (ex precious metal sales) and increased profitability. Sales from continued operations rose +7% to €1,453m and EBTDA increased +14% to €354m. Net income attributable to shareholders was additionally helped by a swing in profit from discontinued operations coming in at €119m (€6m). Management confirmed FY guidance, expecting recurring EBIT in a €370-400m range (continued operations: €355-385m
31 Jul 2017
Charging Batteries' and Recycling’s comeback, but operating CF melted down
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Charging Batteries' and Recycling’s comeback, but operating CF melted down
Umicore’s H1 figures showed a good performance seeing sales growth (ex precious metal sales) and increased profitability. Sales from continued operations rose +7% to €1,453m and EBTDA increased +14% to €354m. Net income attributable to shareholders was additionally helped by a swing in profit from discontinued operations coming in at €119m (€6m). Management confirmed FY guidance, expecting recurring EBIT in a €370-400m range (continued operations: €355-385m