Umicore : Preview 1H22 results: Solid results, perhaps more cautious 2022 guidance
> Solid results, AOe slightly below consensus - Umicore will report 1H22 results on July 29 with the analyst and investor call starting at 09.30h CET. We forecast sales of €2.14bn (consensus at €2.3bn) and an adjusted EBIT of €439m, below consensus of €460m as we assume a higher impact from declining metal prices and a higher impact from cost inflation (energy and other cost buckets). We forecast an adjusted net profit of €292m versus consensus of €309m. We have penci...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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