Belgium's Umicore plans $1.5 billion capex cut between 2025-2028

Umicore SA

27/03/2025 07:22

March 27 (Reuters) - Metals recycling group Umicore UMI.BR said on Thursday it plans to reduce capital expenditure by 1.4 billion euros ($1.51 billion) between 2025 and 2028.

The Belgium-based firm sees adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) between 1.0 billion and 1.2 billion euros in 2028.

($1 = 0.9289 euros)

 (Reporting by Olivier Cherfan and Dimitri Rhodes in Gdansk; Editing by Sumana Nandy)

 ((olivier.Cherfan@thomsonreuters.com; dimitri.rhodes@thomsonreuters.com))