Umicore : 2H20 EBIT 3% beat; expect 2021 consensus up 17%
>2H20 adjusted EBIT 3% ahead of consensus - Umicore reported better than expected 2H20 results. Revenues of EUR 1,675m were down 3% yoy and 6% below consensus (Vara). Adjusted EBIT of EUR 293m was up 9% yoy and 3% ahead of consensus. Catalysis revenues were up 7% yoy at EUR 794m and in line with consensus. Adjusted EBIT of EUR 132m was up 33% yoy and 5% ahead of consensus, mainly due to the recovery in automotive production. Energy & Surface Technologies revenues of E...Umicore is global player in the materials technology and recycling industries. Co. focuses on application areas such as chemistry, materials science, metallurgy and recycling. Co.'s business model comprises four segments: Catalysis, Performance Materials, Energy Materials and Recycling. Catalysis focuses on the abatement of global automotive emissions; Performance Materials focuses on materials that help develop more sophisticated and safer products; Energy Materials produces materials used in the production and storage of clean energy including rechargeable batteries and photovoltaics; and Recycling treats complex waste streams containing precious and other non-ferrous metals.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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