Umicore shares rise as limited tariffs impact, confirmed guidance reassure

Umicore SA

25/04/2025 08:49

** Shares in Umicore UMI.BR rise 3% after the Belgian metals recycling group said it expects limited direct impact from US tariffs and confirmed its 2025 outlook

** "Umicore expects to offset the vast majority of the direct impact thanks to the set-up of its customer contracts and by leveraging its flexible global footprint and supply chain," the group said in a statement

** It confirmed its full-year adjusted EBITDA target of EUR 720 million to 780 million

** Degroof Petercam analysts point to a "comforting update, which underlines the solidness of the group's foundation businesses," but flags uncertainties remain on the Battery materials unit, which is guided to be around breakeven in 2025

** "We expect a positive share price reaction today as the fear for a warning on 2025 is reduced for now," the broker says

 (Reporting by Federica Mileo)

 ((Federica.mileo@thomsonreuters.com))