Legal notice Half Year Results 2016 | Regional website Germany

Half Year Results 2016

Regional website Germany


Revenues were up 1% and recurring EBIT increased by 3% year on year. Strong growth in Automotive Catalysts and Rechargeable Battery Materials more than offset the impact of lower metal prices on the various recycling activities.

  • Revenues of € 1.4 billion (+1%)
  • Recurring EBITDA of € 259 million (stable versus first half of 2015)
  • Recurring EBIT of € 176 million (+3%)
  • ROCE of 14.6% (versus 14.4% in the first half of 2015)
  • Recurring net profit (Group share) of € 111 million (-15%)
  • Recurring EPS of € 1.03 (-15%)
  • Net debt at € 298 million corresponding to a gearing ratio of 14.3%

Growth investments in clean mobility and recycling continue and capital expenditures amounted to € 86 million in the first half. Umicore is accelerating its expansion investments for cathode materials for automotive applications and will triple its capacity by 2018. In Recycling, the ramp-up of the 40% capacity expansion in the Hoboken plant has started.

Umicore has reached an agreement to sell its Zinc Chemicals business unit to OpenGate Capital. The transaction is expected to be closed during the second half of 2016, subject to customary regulatory approvals.

Non recurring elements amounted to a charge of € 68 million to EBIT, mainly related to the fine imposed by the French Competition Authority on Umicore in relation to its Building Products activities in France and expected to be paid in the third quarter. Umicore disputes the decision, including the imposed fine and will appeal.

An interim dividend of € 0.60 per share will be paid out in August. In line with the dividend policy, the amount corresponds to half the annual dividend declared for the financial year 2015.


Umicore expects full year recurring EBIT to be in the range of € 345 - € 365 million* assuming current metal prices continue to prevail.

 *Including the contribution of Zinc Chemicals for the full year

Note: In accordance with IFRS 5 no depreciation charges were recognized for the discontinued operations as from the second half of 2015. All comparisons are made with the first half of 2015, unless mentioned otherwise. All Group KPIs include the discontinued operations.


      Umicore uses certain monitoring and tracking technologies such as cookies. These technologies are used in order to maintain, provide and improve our services on an ongoing basis, and in order to provide our web visitors with a better experience.

      By clicking on the "Accept all" button you agree to the use of these cookies while using the website. For further information regarding how we use cookies and other tracking technologies, please see section 11 of our website privacy notice

          Necessary cookies are essential and help you navigate our website. This helps to support security and basic functionality and are necessary for the proper operation of our website, so if you block these cookies we cannot guarantee your use or the security during your visit.

          Cookies that help us to understand the behaviour of users of our website. This allows us to continuously improve our website to provide the best information in support of our project aims. These cookies also help us understand the effectiveness of our website. For instance these cookies tell us which pages visitors go to most often and if they get error messages from web pages.

          Cookies that deliver content to you based on your interests, which are assumed from your browsing history. Most Targeting Cookies track users via their IP address and, thus, may collect some Personal Data. Personal Data collected by Targeting Cookies may be shared with third parties, such as advertisers.