Umicore posts annual profit miss amid soft EV demand, falling metal prices

Umicore SA

14/02/2025 06:40

Feb 14 (Reuters) - Metals recycling group Umicore
 UMI.BR  reported a smaller than expected annual profit on
Friday, weighed down by declining metal prices and muted growth
in demand for electric vehicles.
    The Belgium-based company reported an adjusted net profit of
255 million euros ($267 million) for 2024, while analysts were
expecting it to reach 266 million euros, a poll compiled by Vara
Research showed.
($1 = 0.9565 euros)

 (Reporting by Tristan Veyet in Gdansk, editing by Milla Nissi)
 ((Tristan.Chabba@thomsonreuters.com;))