|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||32.70 - 33.55|
|52 Week Range||25.11 - 50.78|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||26.57|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||0.78 (2.30%)|
|1y Target Est||46.18|
As previously announced on 31 July 2019, the Board of Directors approved a gross interim dividend of € 0.375 per share (ISIN BE0974320526) - i.e. half of the dividend paid in.
Umicore delivered a robust performance in the first half of 2019 with revenues amounting to € 1.6 billion and a recurring EBIT of € 240 million against a backdrop of challenging conditions in key industries and reduced consumer confidence, especially impacting the automotive sector. In Energy & Surface Technologies, as announced in April, Umicore is facing a temporary slowdown in demand for its cathode materials and has adjusted its capital spending to the current slower pace of growth.
Transparency notification of 17 July 2019 In accordance with article 14, § 1 of the law of 2 May 2007 on disclosure of major holdings BlackRock, Inc. has notified Umicore on.
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Umicore has successfully completed a € 390 million US Private Placement notes issue. The offering was significantly oversubscribed and attracted strong interest both from institutional investors who participated in Umicore’s initial 2017 placement as well as from new investors. Through the successful completion of this private placement offering, Umicore further extends the maturity of its debt at historically low fixed terms.
Germany will award to three consortiums 1 billion euros ($1.12 billion) in funding it earmarked last year to support domestic battery cell production, Economy Minister Peter Altmaier told Reuters, part of a bid to cut carmakers' reliance on Asian supply. Securing a regional supply chain for electric vehicles (EVs) would help Germany achieve European Union goals to lower carbon emissions and cut fossil fuel consumption.
Umicore and Glencore announce today that they have entered into a long-term revolving agreement for the supply of cobalt hydroxide (cobalt) to Umicore’s battery materials value chain. The cobalt will be sourced from Glencore’s state-of-the art industrial mining operations, KCC and Mutanda, located in the DRC. Umicore has assessed each operation as fully compliant with its sustainable procurement framework for cobalt which excludes artisanally mined cobalt from its supply chain, as well as any form of child labor.
Umicore announced today that it has reached an agreement to acquire Freeport Cobalt’s cobalt refining and cathode precursor activities in Kokkola, Finland, for a total consideration of $ 150 million on a debt and cash free basis, plus the value of the working capital to be taken over at closing, which at the end of March was approximately $ 40 million. The transaction which is subject to customary closing conditions, including regulatory approvals, is expected to be finalized by the end of 2019 and will be funded from Umicore’s existing credit facilities. It is anticipated that the acquisition will be earnings accretive from 2020 and value accretive from 2021, after completion of the integration process and a significant reduction of the net working capital resulting from supply chain synergies.
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France and Germany have asked the European Commission to approve state subsidies for a cross-border battery cell consortium including carmaker PSA with its German subsidiary Opel and French battery maker Saft, a German official said on Monday. The two countries have earmarked 1.7 billion euros (£1.4 billion) to support company alliances to help reduce European carmakers' dependence on Asian suppliers and protect jobs at risk from the shift away from combustion engines. The economy ministries of both countries sent a letter of intent to the European Union's executive body asking it to give a provisional go-ahead, a German economy ministry spokeswoman said, without giving a sum for the planned state funding.
On Thursday 25 April 2019, Umicore held its ordinary and special shareholders’ meetings at its headquarters in Brussels, Belgium. Shareholders approved all agenda items..