Belgian recycling and smelting company Umicore reported a 22% drop in adjusted EBITDA for 2024, reaching 763 million euros. While the catalysts segment remained profitable, the battery materials business saw a significant downturn, and recycling profits also declined. The company forecasts its 2025 EBITDA to be between 720 million and 780 million euros, with catalysts...
READ MOREUmicore experienced a difficult 2024, with its performance affected by weaker demand for electric vehicles, declining metal prices, and economic challenges in the European industrial sector. Despite these pressures, the company’s core businesses remained stable, and efficiency measures helped mitigate some financial difficulties. Group revenues for 2024 were €3.5 billion, down from €3.9 billion in...
READ MOREHeraeus Precious Metals has completed the acquisition of Umicore’s Platinum Active Pharmaceutical Ingredient (API) business outside of South America. The move bolsters Heraeus’s position in the platinum API sector, enhancing its product offerings while maintaining a commitment to competitive pricing and high-quality standards. Effective immediately, the business will be integrated into Heraeus Precious Metals, the...
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