Umicore's Sustainability and Financial Report
Q1 updated guidance for full year 2023
as published on 27 April, 2023
D.
umicore
CATALYSIS
Adj. EBIT/EBITDA expected somewhat
above 2022 record levels, slightly
above current market expectations
•
Automotive Catalysts to continue to
benefit from strong market position in
gasoline catalyst applications and a
further recovery of the supply chain
and the Chinese HDD market.
E&ST
Adj. EBIT/EBITDA anticipated
somewhat below 2022 level, slightly
above current market expectations
•
Rechargeable Battery Materials'
earnings expected in line with 2022 level
Normalization of Cobalt & Specialty
Materials performance in 2023 compared
to exceptional 2022 profitability
RECYCLING
Adj. EBIT/EBITDA expected to be in
the lower range of current market
expectations
•
Impacted by lower PGM prices and
•
related, less supportive, supply
environment for PGM-rich recyclables
Taking into account the current
outstanding strategic metal hedges
Umicore updated on its Q1 trading conditions and outlook on 27 April 2023
Refer to Q1 press-release and webcast for a full overview
Based on current metal price levels and assuming present market and macroeconomic conditions continue to prevail.
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