Umicore SA

Umicore SA engages in the materials technology business. It operates through the following business segments: Catalysis, Energy & Surface Technologies, Recycling, and Corporate. The Catalysis segment is composed of automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, including on-road and non-on-road vehicles. The Energy & Surface Technologies segment represents cobalt and specialty materials, electro-optic materials, electroplating, rechargeable battery materials and thin film products business units. The Recycling segment offers precious metals refining, jewellery and industrial metals, precious metals management, technical materials, and platinum engineer materials. The Corporate segment covers corporate activities, shared operational functions, and research, development, innovation unit of the group. The company was founded on July 7, 1904 and is headquartered in Brussels, Belgium.

Umicore's strategic pivot to battery materials for EVs has faced setbacks, leading to a significant EUR 1.6bn write-down and a 61% share price drop YTD. Despite short-term challenges, Umicore's long-term outlook remains strong, driven by growth in EVs, catalysis, recycling, and specialty materials. The company is financially stable with manageable debt, and 2025 is expected to see a recovery in demand and financial performance.

Umicore - Finally Bottomed?

Transparency notifications by Bank of America Corp. In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified by: Bank of America Corp. that it has crossed the regulatory threshold of 3% for equivalent financial instruments downwards on 4 November 2024 and the threshold of 3% for direct voting rights and equivalent financial instruments downwards on 5 November 2024. The total holding of direct voting rights and equivalent financial instruments of Bank of America now stands at 2.94%.

Umicore - Transparency notifications by Bank of America Corp.

Umicore shares details on cost saving measures and pauses construction of its battery materials plant in Canada

Transparency notification by Bank of America Corp. In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified: Bank of America Corp. that its subsidiary Merrill Lynch International has crossed the regulatory threshold of 3% for direct voting rights and equivalent financial instruments downwards on 21 October 2024. The total holding of direct voting rights and equivalent financial instruments of Bank of America now stands at 3.51%.

Umicore - Transparency notification by Bank of America Corp.

Electra Battery Materials Corp

Glencore PLC

The Metals Co

Cobalt spot prices were generally flat for the month. Cobalt market news: The US government is reportedly examining price support mechanisms for domestic critical mineral projects. S&P Global: Cobalt market expected to stay balanced 2024f-2028f. Cobalt miners news: Congo's state miner bids for Trafigura-backed Chemaf cobalt projects in the DRC.

Cobalt Miners News For The Month Of October 2024

Transparency notifications by BlackRock, Inc. and by Bank of America Corp. In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified: BlackRock, Inc. that it has crossed the legal threshold of 3% for the direct voting rights and equivalent financial instruments, upwards on 21 October 2024.The total holding of direct voting rights and equivalent financial instruments of BlackRock, Inc. now stands at 3.03%. Bank of America Corp. that its subsidiary Merrill Lynch International has crossed the regulatory threshold of 3% for direct voting rights and equivalent financial instruments upwards on 17 October 2024.

Umicore - Transparency notifications by BlackRock, Inc. and by Bank of America Corp.

Transparency notifications by BlackRock, Inc. In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified: By BlackRock, Inc. that it has successively crossed the legal threshold of 3% for the direct voting rights and equivalent financial instruments, downwards on 9 October 2024, and then upwards on 10 October 2024. The total holding of direct voting rights and equivalent financial instruments of BlackRock, Inc. now stands at 3.03%.

Umicore - Transparency notifications by BlackRock, Inc.

Transparency notifications by BlackRock, Inc. In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified: By BlackRock, Inc. that as a result of the acquisition of Global Infrastructure Partners there has been a change to BlackRock's group Structure. Upon the close of the transaction BlackRock, Inc. was renamed BlackRock Finance, Inc. and a NewCo became the publicly listed company with the name BlackRock, Inc. By BlackRock, Inc. that it has successively crossed the legal threshold of 3% for the direct voting rights and equivalent financial instruments, downwards on 2 October 2024, and then upwards on 3 October 2024.

Umicore -Transparency notifications by BlackRock, Inc.

Umicore SA's stock has recently reached a 13-year low level. Investors were alarmed by the H1 2024 results and the €1.6 billion write-off, leading to a stock sell-off. The other business units of Umicore SA still have high operating margins.

Has Umicore's Stock Hit Rock-Bottom?

Transparency notifications by Millennium International Management LP and by Bank of America Corp. In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified by: Millennium International Management LP that it has crossed the statutory threshold of 3% for equivalent financial instruments upwards on 30 August 2024. The total holding of direct voting rights and equivalent financial instruments of Millenium International Management LP now stands at 3.21%.

Umicore - Transparency notifications by Millennium International Management LP and by Bank of America Corp.

Transparency notification by BlackRock, Inc. and by Bank of America Corp. In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified by: BlackRock Inc. that it has crossed the legal threshold of 5% for direct voting rights and equivalent financial instruments downwards, and the regulatory threshold of 3% for direct voting rights downwards on 30 August 2024. The total holding of direct voting rights and equivalent financial instruments of BlackRock Inc. now stands at 3.53%.

Umicore - Transparency notification by BlackRock, Inc. and by Bank of America Corp.

Umicore: Transparency notifications by JP Morgan Chase & Co. In accordance with article 14, § 1 of the law of 2 May 2007 on disclosure of major holdings, JP Morgan Chase & Co. has notified Umicore: on 23 August that JPM Securities PLC crossed the statutory threshold of 3% for direct voting rights and equivalent financial instruments upwards on 21 August  2024. The total holding of direct voting rights and equivalent financial instruments of JP Morgan Chase & Co. (JPM Securities PLC, JP Morgan Securities LLC and JPM Morgan Structured Product BV) stood at 3.23%.

Umicore: Transparency notifications by JP Morgan Chase & Co.

Cobalt spot prices were lower for the month. Supply surge pushes Chinese cobalt metal prices to eight-year low. Cobalt market news - US military announces $20m grant to build cobalt refinery in Canada (see Electra news). Cobalt miners news - Glencore H1, 2024 cobalt production was down 27%. Jinchuan Group decided to temporarily cease the cobalt production in late May 2024 due to low prices.

Cobalt Miners News For The Month Of August 2024

Interim dividend to be paid on 21 August As announced on 26 July 2024, a gross interim dividend of € 0.25 per share (ISIN BE0974320526) will be paid out on Wednesday, 21 August 2024. The Umicore shares will be traded ex coupon as from Monday, 19 August 2024.

Umicore: Interim dividend to be paid on 21 August

Umicore SA (OTCPK:UMICF) Q2 2024 Results Conference Call July 26, 2024 1:30 AM ET Company Participants Caroline Kerremans - IR Bart Sap - CEO Wannes Peferoen - CFO Conference Call Participants Chetan Udeshi - JPMorgan Ranulf Orr - Citi Riya Kotecha - Bank of America Charles Bentley - Jefferies Caroline Kerremans Hello. Welcome to the Umicore Half Year 2021 Results Call.

Umicore SA (UMICF) Q2 2024 Earnings Call Transcript

Umicore Group key figures Revenues1 of € 1.8 billion Adjusted EBITDA of € 393 million and adjusted EBITDA margin of 21.8% Adjusted EBIT of € 241 million Adjusted net profit (Group share) of € 118 million and adjusted EPS of € 0.49 Adjustments to EBITDA of -€1.66 billion (mainly because of a -€1.60 billion non-cash impairment and write down in Battery Materials) ROCE of 11.3% Cash flow from operations of € 453 million: free operating cash flow of € 168 million Capital expenditures of € 269 million  R&D expenditures of € 131 million Net debt at € 1,434 million corresponding to a net debt/ LTM adj. EBITDA ratio of 1.70x Total recordable injury rate of 5.1 Interim dividend of € 0.25 per share on 21 August 2024   Statement from Bart Sap, CEO  “ In recent months, short- and medium-term growth projections for the electric vehicles market have been scaled back substantially, significantly affecting Umicore's Battery Materials business.

UMICORE: HALF YEAR RESULTS 2024

Transparency notification by APG Asset Management In accordance with article 14, § 1 of the law of 2 May 2007 on disclosure of major holdings, APG Asset Management has recently notified Umicore that it has crossed the statutory threshold of 3% for the direct voting rights downwards on July 5th 2024. The total holding of direct voting rights and equivalent financial instruments stands now 2.96%.

Umicore - Transparency notification by APG Asset Management

Umicore, one of the world's top producers of the metals used in batteries, on Wednesday said it expects that a slowdown in the market for electric vehicles will drive a slump in demand for its battery metals that will hit its profits in 2024.

Battery-metals maker Umicore cuts guidance on EV market slump

Belgian metal recycling group Umicore lowered its 2024 profit forecast on Wednesday, citing dour demand projections for battery materials due to a slowing electric vehicle (EV) market, sending its shares to a near decade low.

Umicore cuts 2024 profit forecast on slowing electric vehicle market

Slowdown in EV growth significantly impacts 2024 outlook for Umicore's Battery Materials activities  

Umicore: Slowdown in EV growth significantly impacts 2024 outlook for Umicore's Battery Materials activities

Umicore announces CEO succession Umicore announces the appointment of Bart Sap as Chief Executive Officer, effective May 16th. He will succeed Mathias Miedreich who has decided to step down, in mutual agreement with the Supervisory Board.

Umicore announces CEO succession

Transparency notifications by SFPIM In accordance with article 14, § 1 of the law of 2 May 2007 on disclosure of major holdings, Société fédérale de Participations et d'Investissement (SFPIM) has recently notified Umicore that it has successively crossed the statutory threshold of 3% and the regulatory threshold of 5% for the direct voting rights upwards on May 3rd 2024 and on May 8th 2024. The total holding of direct voting rights and equivalent financial instruments stands now 5.00%.

Umicore - Transparency notifications by SFPIM

Umicore update on trading conditions over the first quarter of 2024 The market dynamics observed across Umicore's four Business Groups over the first quarter of the year are overall in line with expectations1. In an increasingly challenging market context, the Battery Materials Business Group has started the execution of its order book , built on strategic customer agreements concluded over the past two years.

Umicore update on trading conditions over the first quarter of 2024

Cobalt spot prices were slightly lower for the month. LME inventory was unchanged for the month. Cobalt market news - S&P Global - Cobalt metal market was seen oversupplied through Q2 as demand subdued. Cobalt miners news - Glencore and EVelution sign LOI for 7ktpa of cobalt supply in the US. Huayou Cobalt's profit slumps 49% in First Quarter on battery metals rout.

Cobalt Miners News For The Month Of April 2024

Umicore secures € 499 million in sustainability-linked private debt placement Umicore has successfully completed the issue of a fixed-rate, sustainability-linked US Private Placement Notes for a total amount of € 499 million equivalent1 which was priced end of March 2024. The Notes, placed with 17 institutional investors in Europe and North America, attracted strong interest both from investors who participated in Umicore's previous placements, as well as new investors.

News for Umicore SA Stock (UMICY)