Against the backdrop of 2020’s turmoil, Umicore’s FY figures look mixed but not too bad as the adjusted figures broadly fit with consensus. The idea of a tidy-up came into our minds as the ‘adjustments’ were stronger than guided and there are plans to find a successor for the long-term CEO. Management showed quite strong confidence in profitable growth at today’s analysts call.
11 Feb 2021
A tidy-up year?
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A tidy-up year?
- Published:
11 Feb 2021 -
Author:
Martin Schnee -
Pages:
3
Against the backdrop of 2020’s turmoil, Umicore’s FY figures look mixed but not too bad as the adjusted figures broadly fit with consensus. The idea of a tidy-up came into our minds as the ‘adjustments’ were stronger than guided and there are plans to find a successor for the long-term CEO. Management showed quite strong confidence in profitable growth at today’s analysts call.