Trading Update Q3 2016

Regional website Germany

Highlights

Revenues were up 7% compared to the third quarter last year, reflecting solid growth across the business groups.

In Catalysis, revenues were up by 10% driven largely by strong growth in Automotive Catalysts for both light-duty vehicles and heavy-duty diesel applications. Revenues in Energy & Surface Technologies were up by 8% primarily due to the continued rise in demand for Rechargeable Battery Materials used in the transportation segment. The 7% revenue increase in Recycling mainly reflects higher processed volumes and solid supply conditions in Precious Metals Refining.

The Group’s strategic growth investments are on track. The construction of the new automotive catalyst production plant in Thailand was completed and first deliveries are expected in the first quarter of 2017. The expansion program to triple capacity for NMC cathode materials in China and Korea by the end of 2018 is underway and the ongoing smaller capacity expansion projects in China will be commissioned before the end of 2016.

The scheduled maintenance shutdown of the smelter in Hoboken will be brought forward to December 2016. While this will affect processed volumes for 2016, it will not impact the overall ramp-up plan.

Outlook

Umicore expects full year recurring EBIT to be in the previously guided range of € 345 to € 365 million* despite the effect of the rescheduled shutdown of the Hoboken smelter at the end of the year.

 

*Including the contribution of Zinc Chemicals for the full year

Note: All comparisons are made with the third quarter of 2015, 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.