Umicore jumps after H1 beat, higher 2026 profit outlook

Umicore SA

31/07/2026 09:11

   ** Umicore UMI.BR shares rise 3.4% after the Belgian metals recycler's first-half adjusted EBITDA climbed 33.5% to 577 million euros ($664.30 million), above estimates
** Group raised also its 2026 adjusted EBITDA guidance to slightly above 1 billion euros, from "approaching" 1 billion euros previously
** KBC Securities says the results were supported by "favorable metal prices & market conditions for Recycling and Specialty Materials", and an "increasing contribution from Battery Materials on the back of take-or-pay clauses"
** However, the broker remained cautious on the longer term, citing a "structurally declining market" for Automotive Catalysts due to electrification, as well as uncertainty over Battery Materials' future within Umicore
** Up to the previous session's close, shares were up 17.7%​ YTD
     
($1 = 0.8686 euros)

(Reporting by Nathan Vifflin in Gdansk)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))