Umicore's Sustainability and Financial Report
E&ST 2022 | Performance
Revenues +28%, adj. EBITDA margin at 22.3%
Higher revenues and earnings in RBM and CSM
Rechargeable Battery Materials
•
•
As anticipated, sales volumes of legacy CAM contracts subdued
Revenues and earnings well up,
incl. favorable exposure to increase in lithium price
Preparations for 2024 ramp-up on track, with good customer traction in 2022
Intention to group RBM activities within one legal entity within Umicore
Cobalt & Specialty Materials
umicore
Revenues (€ m)
1.289 1.225
1.278
1.174
1.250
1.045
1.001
1.000
639
618
646
580
488
750
504
500
650
607
250
557
594
631
498
0
2018
2019
2020
2021
2021
restated
2022
(1)
Adjusted EBITDA (€ m) & EBIT(DA) margin
•
Revenues substantially higher
•
Exceptionally strong demand and a supportive cobalt and nickel
environment and related distribution activities in H1
As anticipated, normalization of performance in H2
Metal Deposition Solutions & Electro-Optic Materials
•
Stable revenues with good operational performance
=
(1) Li and Mn pass through excluded from revenues as of 2021
25,0%
25,4%
350
21,7%
21,7%
22,3%
300
19,8%
17,3%
250 172
118
200
128
14,5%
125
125
150
11,20
12,6%
76
13,1%
100
6,7%
151
143
172
136
136
50
109
0
2018
2019
2020
2021
2021
restated
2022
(1)
H2
EBITDA margin
H1
EBIT margin
Information as published in the framework of the 2022 FY results.
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