Umicore update on trading conditions over the first quarter of 2024

Umicore update on trading conditions over the first quarter of 2024 The market dynamics observed across Umicore's four Business Groups over the first quarter of the year are overall in line with expectations 1. In an increasingly challenging market context, theBattery MaterialsBusiness Group has started the execution of its order book , built on strategic customer agreements concluded over the past two years. The underlying volumes are gradually building up, following the...

Brussels, 26/04/2024 (informazione.it - comunicati stampa - industria)

The market dynamics observed across Umicore's four Business Groups over the first quarter of the year are overall in line with expectations .

Based on performance to date, and current market visibility and metal prices, Umicore confirms that it anticipates Group's adjusted EBITDA for the full year 2024 to be in the range of € 900 million to € 950 million, as announced in the full-year 2023 results press release. 

Furthermore, over the first quarter of 2024, Umicore made several noteworthy announcements:

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Umicore is the circular materials technology Group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy make a real difference. Its activities are organized in four business groups: Battery Materials, Catalysis, Recycling and Specialty Materials. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.

Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore's overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life. 
   
Umicore's industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base with more than 11,500 employees. The Group generated revenues (excluding metal) of € 3.9 billion (turnover of € 18.3 billion) in 2023. 

As a reminder, Umicore at its full-year results in February presented its 2024 outlook along with its new organizational structure that consists of four Business Groups - instead of three before. In the half-year results 2024 press release, to be published on July 26th, 2024, Umicore will report its financials under the new format and provide comparable historical half-year 2023 data for the Battery Materials and Specialty Materials Business Groups