Umicore : Preview FY23 result: No surprises in results, cautiously 2024 guidance likely
>2023 results expected to be in line with guidance - Umicore will publish its 2023 results on February 16 at 07.30h CET with an analyst call planned for 08.30h CET, which will be webcast. We forecast sales of €4.12bn (VARA css at €4.11bn) and an adjusted EBITDA of €991m or a margin of 24.0% (css at €987m, also a margin of 24.0%), which is materially lower than the €865m of 2022 (margin of 27.7%) when Umicore benefited from very favourable PGM and other metal prices. ...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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