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UMI — Umicore SA News Story

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Umicore first-half earnings beat estimates on recycling, specialty materials strength

Umicore first-half earnings beat estimates on recycling, specialty materials strength

- Belgian metal recycling group Umicore UMI.BR reported first-half profits above market expectations on Friday, helped by strong activity in its recycling and specialty materials businesses, efficiency measures and a favourable metal-price environment.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 33.5% from a year earlier to 577 million euros ($663.84 million), compared with analysts' forecast of 530.5 million euros in a Vara consensus poll.

($1 = 0.8692 euros)


(Reporting by Nathan Vifflin in Gdansk)

((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))

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