Umicore : Preview 2H20 results due 11 February
>We forecast 2H20 REBIT of EUR 295m, 4% above consensus - Umicore will report its 2H20 results on 11 February at 07.30 CET followed by a conference call at 09.30, accessible via . We forecast REBIT of EUR 295m, up 10% yoy and 4% above consensus (Vara).We believe mainly Recycling will drive earnings beat - We expect 2H20 revenues (excluding metal) of EUR 1,820m, up 5% yoy and 2% above consensus. We forecast Catalysis REBIT of EUR 126m, u...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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