The higher volatility in pgm prices helped Umicore’s profitability, which was already expected by the market. Management lifted profitability’s bar a bit, but wiped this out immediately by guiding for a weaker H2 compared to H1.
Business-wise, the company benefits from the strong trend in the electrification of mobility and the tightening legislation around emission control around the globe.
The reported figures were broadly in line with our expectations, but beat consensus (sales: +1.9%; pr ....
02 Aug 2021
On the back of greener mobility
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
On the back of greener mobility
- Published:
02 Aug 2021 -
Author:
Martin Schnee -
Pages:
3
The higher volatility in pgm prices helped Umicore’s profitability, which was already expected by the market. Management lifted profitability’s bar a bit, but wiped this out immediately by guiding for a weaker H2 compared to H1.
Business-wise, the company benefits from the strong trend in the electrification of mobility and the tightening legislation around emission control around the globe.
The reported figures were broadly in line with our expectations, but beat consensus (sales: +1.9%; pr ....