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Umicore SA (UMI.BR)

UMI.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Umicore: Limited Visibility In Catalysis Does Not Warrant Narrowing Guidance - Conf Call
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Umicore SA ::DOES NOT EXPECT MARGINS TO BE HIGHER IN H2, CO AMONG OTHERS CITES ONGOING PRESSURE FROM LOWER COBALT PRICES - CONF CALL.UPLIFT IN VOLUMES WON'T OFFSET IT - CONF CALL.LIMITED VISIBILITY IN CATALYSIS DOES NOT WARRANT NARROWING GUIDANCE AT PRESENT - CONF CALL.MAIN UNCERTAINTY REGARDING VOLUMES DEPENDS ON AUTOMOTIVE INDUSTRY PERFORMANCE IN H2 - CONF CALL.ON COBALT PRICES: FROM LONG-TERM PERSPECTIVE THERE’S NO CHANGE TO STRATEGIC COURSE OF ACTION - CONF CALL.ON COBALT PRICES: IN SHORT-TERM, MEDIUM-TERM CO ADJUSTS TACTICAL COURSE OF ACTION TO MAINTAIN LONGER-TERM GOALS - CONF CALL.CO EXPECTS FULL EFFECT OF EV SUBSIDY CUT IN CHINA IN H2.  Full Article

Umicore H1 Net Profit Group Share Down At 151 Million Euros
Wednesday, 31 Jul 2019 

July 31 (Reuters) - UMICORE SA ::OUTLOOK CONFIRMED.AN INTERIM DIVIDEND OF EUR  0.375 PER SHARE WILL BE PAID OUT ON 27 AUGUST.H1 RECURRING EBITDA EUR 357 MILLION VERSUS EUR 349.6 MILLION IN COMPANY PROVIDED POLL.H1 RECURRING NET PROFIT (GROUP SHARE) OF EUR 151 MILLION (-8% YEAR ON YEAR).H1 REVENUES OF EUR 1.6 BILLION (-3% YEAR ON YEAR).H1 RECURRING EBITDA OF EUR 357 MILLION (-2% YEAR ON YEAR).H1 RECURRING EBIT EUR 240 MILLION VERSUS EUR 234.9 MILLION IN COMPANY PROVIDED POLL.END-H1 NET DEBT AT € 1,059 MILLION CORRESPONDING TO AN AVERAGE NET DEBT / RECURRING EBITDA RATIO OF 1.34.END-H1 CASHFLOW GENERATED FROM OPERATIONS OF € 308 MILLION (€ 102 MILLION IN THE FIRST HALF OF 2018).ON HOBOKEN: H1 VOLUMES WERE LOWER DUE TO THE IMPACT OF THE SHUTDOWN ON THE AVAILABILITY OF THE SMELTER.END-H1 RECURRING EPS OF € 0.63 (-9% YEAR ON YEAR).  Full Article

Umicore Says Environmental Impact Of Fire In Hoboken Was Negligible
Monday, 8 Jul 2019 

July 8 (Reuters) - Umicore SA ::ENVIRONMENTAL IMPACT OF FIRE IN HOBOKEN WAS NEGLIGIBLE, AS NO RAW MATERIALS WERE LOST IN THE FIRE AND NO METALS WERE EMITTED.SMELTER WILL REMAIN SHUT DOWN UNTIL THE CONVEYOR INSTALLATION HAS BEEN REPAIRED.DELIVERIES TO CUSTOMERS WILL PROCEED AS PLANNED.ESTIMATES FINANCIAL IMPACT OF THE FIRE INCIDENT ON UMICORE’S 2019 REBIT WILL BE SLIGHTLY BELOW € 10 MILLION.IMPACT INCLUDES BOTH VOLUME IMPACT CAUSED BY THE SHUTDOWN AND THE REPAIR COSTS WHICH FALL BELOW THE INSURANCE DEDUCTIBLE LEVEL.  Full Article

Umicore Reports Fire At Peripheral Installation Of Smelter At Its U.S. Plant
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Umicore SA ::SAYS THIS MORNING A FIRE BROKE OUT AT A PERIPHERAL INSTALLATION OF THE SMELTER AT UMICORE’S HOBOKEN PLANT.NO CASUALTIES ARE REPORTED.THE FIRE BRIGADE EXTINGUISHED THE FIRE.IT IS TOO EARLY TO PROVIDE ADDITIONAL DETAILS AS TO THE ORIGIN OF FIRE OR ITS FINANCIAL AND OPERATIONAL IMPACT ON HOBOKEN ACTIVITY.THE IMPACTED INSTALLATION IS CURRENTLY SHUT DOWN WHILE THE REST OF THE PLANT REMAINS IN OPERATION.  Full Article

Umicore Completes 390 Million Euros Private Debt Placement
Wednesday, 19 Jun 2019 

June 19 (Reuters) - UMICORE SA ::COMPLETES A € 390 MILLION PRIVATE DEBT PLACEMENT.OFFERING WAS SIGNIFICANTLY OVERSUBSCRIBED.THE TRANSACTION IS COMPOSED OF A 7-YEAR TRANCHE OF € 50 MILLION MATURING IN SEPTEMBER 2026.PROCEEDS OF OFFERING WILL BE USED FOR GENERAL CORPORATE PURPOSES AND TO FUND UMICORE'S STRATEGIC GROWTH INITIATIVES.THE TRANSACTION IS COMPOSED OF A 10-YEAR TRANCHE OF € 230 MILLION MATURING IN SEPTEMBER 2029.THE TRANSACTION IS COMPOSED OF A 12-YEAR TRANCHE OF € 110 MILLION MATURING IN SEPTEMBER 2031.THE FUNDS WILL BE DRAWN UPON IN SEPTEMBER OF THIS YEAR..  Full Article

Umicore A Enters Into A Long-Term Revolving Agreement With Glencore
Wednesday, 29 May 2019 

May 29 (Reuters) - UMICORE SA ::ENTERS INTO A LONG-TERM REVOLVING AGREEMENT WITH GLENCORE.AGREEMENT FOR THE SUPPLY OF COBALT HYDROXIDE (COBALT) TO UMICORE’S BATTERY MATERIALS VALUE CHAIN.COBALT UNITS WILL BE SHIPPED TO UMICORE’S COBALT REFINERIES GLOBALLY, INCLUDING THE KOKKOLA REFINERY IN FINLAND ONCE THE ONGOING ACQUISITION PROCESS IS COMPLETE.AGREEMENT ALSO PROVIDES GLENCORE LONG-TERM MARKET ACCESS FOR ITS COBALT RAW MATERIALS IN LINE WITH UMICORE’S GROWING CATHODE MATERIALS SALES.  Full Article

Umicore Announces Agreement To Acquire Cobalt Refinery, Cathode Precursor Operations In Finland
Thursday, 23 May 2019 

May 23 (Reuters) - Umicore SA ::REG-UMICORE TO ACQUIRE COBALT REFINERY AND CATHODE PRECURSOR OPERATIONS IN FINLAND.ACQUISITION WILL BE EARNINGS ACCRETIVE FROM 2020 AND VALUE ACCRETIVE FROM 2021.UMICORE IS NOT ACQUIRING COBALT FINE POWDERS, CHEMICALS, CATALYSTS, CERAMICS & PIGMENTS ACTIVITIES LOCATED ON SAME SITE.WILL BE FUNDED FROM UMICORE'S EXISTING CREDIT FACILITIES.UMICORE -DEAL FOR $150 MILLION ON DEBT, CASH FREE BASIS, PLUS VALUE OF WORKING CAPITAL TO BE TAKEN OVER AT CLOSING, WHICH AT END OF MARCH WAS ABOUT $40 MILLION.UMICORE- ACQUIRED OPERATIONS WILL SUPPLY PRECURSORS FOR CATHODE MATERIALS PRODUCTION IN NYSA, POLAND, WHICH IS DUE TO START IN SECOND PART OF 2020.  Full Article

Umicore CEO Sees No Reason Change Guidance On Battery Materials Capacity Addition
Friday, 8 Feb 2019 

Feb 8 (Reuters) - UMICORE SA ::UMICORE CEO SAYS REMAINS TO BE SEEN WHEN CONSUMER CONFIDENCE WILL IMPROVE IN AUTO SECTOR.UMICORE CFO SAYS THERE WILL BE SIGNIFICANT UPFRONT COSTS RELATED TO BATTERY MATERIALS EXPANSION IN 2019.UMICORE CEO SAYS MOST PRODUCTS WE MAKE ARE HIGHLY SPECIALISED; THE FACT OTHER COS ARE ADDING CAPACITY DOESN'T MEAN IT WILL HAVE AN EFFECT ON MARGINS.UMICORE CEO SAYS ON BATTERY MATERIALS: IN H1 YOU WILL SEE LIMITED IF ANY VOLUME GROWTH FROM NEW LINES.UMICORE CEO SAYS ON BATTERY MATERIALS: "FAIRLY MATERIAL" CAPACITY ADDITION IN CHINA WILL COME ON STREAM IN H2.UMICORE CEO SAYS ON PRECIOUS METALS: WE HAVEN'T TAKEN ANY MATERIAL HEDGES COMPARED TO WHAT WE DISCUSSED RECENTLY.UMICORE CEO SAYS ON COBALT PRICES: MY TAKE IS PRICE DECLINE IS DUE TO SUBSTANTIAL SUPPLY ADDITIONS AND MASSIVE INFLOW OF ARTISANALLY MINED COBALT.UMICORE CEO SAYS ON COBALT PRICES: SUPPLY EFFECT AND INVENTORY EFFECT ARE MAIN FACTORS.UMICORE CEO SAYS DOES NOT SEE REASON CHANGE GUIDANCE ON BATTERY MATERIALS CAPACITY ADDITION.  Full Article

Umicore FY Reccuring EBITDA Misses Company-Compiled Consensus
Friday, 8 Feb 2019 

Feb 8 (Reuters) - UMICORE SA ::REG-UMICORE REACHES HORIZON 2020 TARGETS TWO YEARS AHEAD OF SCHEDULE AND REAFFIRMS UPSIDE POTENTIAL.FY REVENUES OF EUR 3.3 BILLION (+17%*).FY RECURRING EBITDA OF EUR 720 MILLION (+23%*).FY RECURRING EBIT OF EUR 514 MILLION (+29%*).FY RECURRING NET PROFIT (GROUP SHARE) OF EUR 326 MILLION (+22%) AND RECURRING EPS OF EUR 1.36 (+12%).NET DEBT AT EUR 861 MILLION (UP FROM EUR 840 MILLION) PARTLY DRIVEN BY TEMPORARY FACTORS.FY TURNOVER EUR 14.79 BILLION VERSUS EUR 12.28 BILLION YEAR AGO.FY REVENUES EXCLUDING METAL EUR 3.27 BILLION VERSUS EUR 3.42 BILLION IN COMPANY-COMPILED CONSENSUS.FY ROCE OF 15.4% (VERSUS 15.1% IN 2017) IN A PERIOD OF INTENSE INVESTMENTS.FY CAPITAL EXPENDITURES OF EUR 478 MILLION (VERSUS EUR 365 MILLION IN 2017).FY PROPOSED GROSS ANNUAL DIVIDEND OF EUR 0.75 PER SHARE UP FROM EUR 0.70 IN 2017.FY COMPANY-COMPILED CONSENSUS: REVENUES EXCLUDING METAL EUR 3.42 BILLION; RECCURING EBITDA EUR 730.8 MILLION.FY COMPANY-COMPILED CONSENSUS: RECURRING NET PROFIT GROUP SHARE EUR 338.7 MILLION; RECURRING EBIT EUR 512.5 MILLION.FY COMPANY-COMPILED CONSENSUS: NET CASH FLOW BEFORE FINANCING NEGATIVE EUR 386.8 MILLION.REMAIN ON TRACK TO CAPTURE UPSIDE POTENTIAL OF SOME 35% TO 45% OVER AND ABOVE ORIGINAL HORIZON 2020 AMBITIONS WHILE MAINTAINING 15%+ ROCE TARGET AT GROUP LEVEL.MAINTAINS 15%+ ROCE TARGET AT GROUP LEVEL.WE WILL MAKE FURTHER PROGRESS IN EXECUTION OF OUR GROWTH STRATEGY THROUGH 2019.WE EXPECT THAT REBIT GROWTH IN 2019 WILL BE TEMPERED .  Full Article

Reg-Umicore - Half Year Results 2018
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Umicore SA ::REG-UMICORE - HALF YEAR RESULTS 2018.H1 REVENUES OF EUR 1.7 BILLION (+16% OR +23% EXCLUDING DISCONTINUED OPERATIONS).INTERIM DIVIDEND OF EUR 0.35 PER SHARE WILL BE PAID OUT IN AUGUST..H1 RECURRING EBITDA OF EUR 364 MILLION (+23% OR +26% EXCLUDING DISCONTINUED OPERATIONS).H1 NET DEBT AT EUR 429 MILLION CORRESPONDING TO A GEARING RATIO OF 14.1%.H1 RECURRING EPS OF EUR 0.69 (+12%).EXPECTS ITS RECURRING EBIT TO BE IN RANGE OF EUR 510 MILLION TO EUR 550 MILLION FOR FULL YEAR.H1 ROCE OF 16.6% (VERSUS 15.9% IN FIRST HALF OF 2017).H1 RECURRING NET PROFIT (GROUP SHARE) OF EUR 163 MILLION (+22% OR + 28% EXCLUDING DISCONTINUED OPERATIONS).H1 RECURRING EBIT OF EUR 261 MILLION (+28% OR +34% EXCLUDING DISCONTINUED OPERATIONS).SAYS RECURRING NET PROFIT (GROUP SHARE) OF EUR 163 MILLION (+22% OR + 28% EXCLUDING DISCONTINUED OPERATIONS).SAYS NET DEBT AT EUR 429 MILLION CORRESPONDING TO A GEARING RATIO OF 14.1%.AN INTERIM DIVIDEND OF € 0.35 PER SHARE WILL BE PAID OUT IN AUGUST.VAST MAJORITY OF GROWTH IS COMING FROM ENERGY & SURFACE TECHNOLOGIES..: H1 COMPANY-COMPILED POLL: REVENUES EUR 1.61 BILLION, RECURRING EBITDA EUR 357.3 MILLION.: H1 COMPANY-COMPILED POLL: RECURRING EBIT EUR 250.1 MILLION, RECURRING NET PROFIT EUR 164.5 MILLION.ENERGY & SURFACE TECHNOLOGIES : REVENUES IN THE SECOND HALF SHOULD BE HIGHER THAN IN THE FIRST HALF OF THE YEAR.CAPITAL EXPENDITURE AMOUNTING TO € 198 MILLION IN THE FIRST HALF OF THE YEAR.  Full Article

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Wacker Chemie takes 25% in British battery materials maker

FRANKFURT German speciality chemicals maker Wacker Chemie on Thursday said it had bought a quarter in British battery materials maker Nexeon Ltd.