Trading Update Q3 2013

Regional website Germany

Highlights

Revenues were stable compared to the same period in 2012. The revenue growth in Catalysis, Energy Materials and Performance Materials was offset by lower revenues in Recycling as a result of lower metals prices. Cashflows remained strong and net debt decreased further in the quarter.

Umicore has carried out an extensive assessment of growth options for Precious Metals Refining as part of the strategy to expand in Recycling. Based on technical and market studies and subject to final Board approval, the preferred option at this stage is to pursue a € 100 million expansion of the Hoboken facility targeting a 40% capacity increase with ramp-up expected to start in 2016. Umicore has engaged with the authorities to obtain the necessary permits. Investments in other long term growth programmes continued with a number of projects reaching or nearing completion.

Since the beginning of the year and up until 18 October Umicore had bought back 1,779,385 shares, representing 1.48 % of the issued shares. Umicore thereby held on 18 October 9,602,286 shares in treasury, or 8 % of the issued shares.

Outlook

Umicore confirms it expects its full year recurring EBIT to be within the previously stated range of between € 300 million and € 330 million, albeit at the lower end of the range due to the more testing metal price environment.

Note: All comparisons are made with the third quarter of 2012, unless mentioned otherwise.

×

      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.