Umicore : Preview H1 2024: Battery Material remains the focus
>E&ST headwind already shows in H1 2024 results - Umicore will publish its H1 2024 results on July 26 at 07.00h CET. An analyst call is planned for 07.30h CET. We forecast sales of €1.890bn (css at €1.895bn) with an adjusted EBITDA of €391m with css at €395m. We have assumed a higher capex than css (€317m vs €279m) which explains partially (also due to more negative WC assumptions) why we assume a net debt of €1.41bn vs css at €1.238bn (only 1 contribution so not reli...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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