Umicore/€UMI

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About Umicore

Umicore is a global materials technology and recycling group based in Brussels, Belgium. The company operates within several key industries, focusing on catalysis, energy and surface technologies, and recycling. Umicore is known for its production of emission control catalysts, materials for rechargeable batteries, and precious metals recycling services. Historically, Umicore has evolved from a mining and smelting company to a leader in sustainable technology with an emphasis on clean mobility and recycling solutions. The company's strategic positioning is strengthened by its commitment to reducing emissions and promoting a circular economy, setting it apart within its industry.
Ticker
€UMI
Sector
Materials
Primary listing
BSE
Employees
11,213
Headquarters
Brussels, Belgium

Umicore Metrics

BasicAdvanced
€5.2B
10.79
€2.01
0.90
€0.35
1.61%

What the Analysts think about Umicore

Analyst ratings (Buy, Hold, Sell) for Umicore stock.
Analyst projections of the future price of Umicore stock.

Bulls say / Bears say

Umicore delivered strong first-half execution: H1 2026 adjusted EBITDA rose 33.5% year over year to €577 million, adjusted net profit more than doubled, and management upgraded full-year guidance to slightly above €1 billion of adjusted EBITDA. (Umicore)
Cash generation and capital discipline improved materially, with €295 million of free operating cash flow, €130 million of capital expenditure and net debt of €1.5 billion, equal to 1.52× trailing adjusted EBITDA. (Umicore)
The foundation businesses are showing strong operating momentum: Recycling adjusted EBITDA increased 36% and Specialty Materials adjusted EBITDA increased 49% in H1, helping offset weakness in the battery-materials business and supporting Umicore’s recovery strategy. (Umicore)
Battery Materials Solutions remains a key weakness: cathode-material volumes are improving only modestly because customer platforms are ramping slower than expected, while earnings growth is relying substantially on take-or-pay compensation rather than underlying volume growth. (Umicore)
Second-half momentum may weaken: Umicore expects Recycling’s exceptional first-half performance—particularly in Jewelry, Industrial Metals and Precious Metals Management—not to repeat, while Specialty Materials’ unusually strong cobalt-driven uplift is also expected to moderate. (Umicore)
The upgraded 2026 outlook remains sensitive to external conditions, assuming metal prices broadly hold at June levels and no major macroeconomic deterioration; this leaves earnings exposed to metal-price normalization and cyclical demand. (Umicore)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.

Umicore Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Umicore Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

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Market data provided by CBOE Europe and Deutsche Börse.