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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