Umicore H1 core profit misses expectations

Umicore SA

26/07/2024 06:05

July 26 (Reuters) - Belgium's Umicore  UMI.BR  missed
expectations for half-year core profit on Friday, after weak
demand for electric vehicles weighed on its battery materials
division.
    Adjusted earnings before interest, taxes, depreciation and
amortization (EBITDA) were 393 million euros ($426.68 million),
falling short of a company-provided consensus of expectations
for 398.5 million.
    ($1 = 0.9211 euros)
  

 (Reporting by Olivier Sorgho and Mathias de Rozario; Editing by
Clarence Fernandez)
 ((Olivier.Sorgho@thomsonreuters.com;))