Umicore posted one of the strongest gains on the STOXX Europe 600 index on Friday after reporting a "solid" performance for Q1 and confirming its outlook for 2025.
Without giving specific figures, the Belgian group, which specializes in advanced materials, said its catalysts business had performed "favourably" in Q1.
This was also the case for its recycling division, which benefited from the recent rise in metal prices to generate "good performance."
As for the specialty materials and battery materials divisions, their performance was "in line with expectations" overall, Umicore said.
Referring to a "limited" direct impact from the new US tariffs, the group confirmed that it is targeting adjusted EBITDA for the full year of between €720m and €780m.
Following these announcements, the share was up around 3.7% in Brussels.
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Umicore is a global advanced materials and recycling Group. Leveraging decades of expertise in materials science, metallurgy, chemistry, and metals management, Umicore transforms precious and critical metals into functional technologies that enable everyday applications. Its unique circular business model ensures that these critical elements are continuously refined and recycled, to be reintegrated in new applications.
Umicore's four Business Groups - Catalysis, Recycling, Specialty Materials and Battery Materials Solutions - offer materials and solutions addressing resource scarcity and the growing need for functional materials for clean technologies, clean mobility and a connected world. Umicore generates the majority of its revenues from and focuses most of its R&D efforts on clean mobility and recycling. Its overriding goal of sustainable value creation is rooted in developing, producing and recycling materials for a better life.
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