AT A GLANCE: Umicore's strong 2019 performance despite EV headwinds

February 08, 2020 / www.metalbulletin.com / Article Link

A summary of the financial results for Belgian battery-materials manufacturer Umicore in 2019.

In brief

The company grew revenues and recurring earnings before interest and taxes (Ebit) in catalysis despite the global recession in the automotive market, resulting from market share gains in light duty gasoline applications and increasing penetration of gasoline particulate filters in Europe and China. The company's performance of energy and surface technologies - which includes its rechargeable battery business...

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