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Umicore SA (UMI.BR)

Brussels - Brussels Delayed Price. Currency in EUR
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31.76+0.59 (+1.89%)
As of 10:29AM CEST. Market open.
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Chart Events
Neutralpattern detected
Previous Close31.17
Open31.46
Bid0.00 x 0
Ask0.00 x 0
Day's Range31.43 - 31.97
52 Week Range31.43 - 60.08
Volume67,724
Avg. Volume606,318
Market Cap7.641B
Beta (5Y Monthly)1.14
PE Ratio (TTM)17.54
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.80 (2.01%)
Ex-Dividend DateMay 02, 2022
1y Target EstN/A
  • Reuters

    Umicore plan to double down on battery business knocks almost $1 billion off market cap

    (Reuters) -Belgium's Umicore on Wednesday presented a 5 billion euro plan to bulk up its battery materials business by 2026, as it prepares for soaring demand largely driven by electrical vehicle production. "This is an 'all in' approach to battery materials," Berenberg analyst Sebastian Bray said, adding investors were likely surprised by the magnitude of investments. Umicore, which aims to recover the costs of investment and more than double its group revenues by 2030, said it could look for funds from debt or equity markets.

  • Reuters

    Volkswagen secures raw materials as part of $34 billion battery push

    Volkswagen on Wednesday announced key partnerships to secure raw materials Europe's largest carmaker needs to realise its ambitious electric vehicle strategy, eager to close a gap with rival Tesla . At the core of the three agreements, which are part of VW's 30 billion euro ($34 billion) plan to build battery plants and procure materials, lies a planned joint venture with Belgian chemicals and recycling company Umicore. The venture aims to supply cathode materials to Volkswagen's European battery cell factories, which it plans to build by 2030.

  • Reuters

    Umicore lowers profit forecast as chip shortage bites

    "In automotive catalysts, the impact of the semiconductor shortage on car production is proving more severe than was anticipated at the end of July," the company said on Monday, sending its shares down 3.9% in early trade. Umicore now expects its full-year adjusted earnings before interest and tax (EBIT) to approach 1 billion euros ($1.16 billion), having previously expected adjusted EBIT to exceed 1 billion euros. The company has also lowered its sales expectations for cathode materials and postponed the start of commercial production at its Polish greenfield cathode materials plant in Nysa, citing demand adjustments in electric vehicle production.

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