AT A GLANCE: Covid-19, automotive downturn hit Umicore H1 revenues

August 04, 2020 / www.metalbulletin.com / Article Link

A summary of Belgian battery materials company Umicore's results for the first six months of 2020, as stated in its half-year report published on Friday July 31.

In brief

Revenues from the Energy & Surface Technologies division were down by 8% year-on-year in the first half of 2020, to ?,?557 million ($656 million), due to the effect of the Covid-19 pandemic on sales of electric vehicles (EVs). Earnings were expected to come under further pressure in the second half, with buyers along the rechargeable battery supply chain...

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