Straits Times Index
3,297.55 -26.98 (-0.81%) Nikkei
38,814.56 +94.09 (+0.24%) Hang Seng
17,941.78 -170.85 (-0.94%) FTSE 100
8,146.86 -16.81 (-0.21%) Bitcoin USD
66,158.86 -85.82 (-0.13%) CMC Crypto 200
1,372.75 -45.13 (-3.18%)
Umicore SA (UMI.BR)
| Previous close | 14.03 |
| Open | 13.91 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 13.41 - 14.21 |
| 52-week range | 13.41 - 28.20 |
| Volume | |
| Avg. volume | 604,024 |
| Market cap | 3.277B |
| Beta (5Y monthly) | 0.96 |
| PE ratio (TTM) | 8.52 |
| EPS (TTM) | 1.60 |
| Earnings date | 26 Jul 2024 |
| Forward dividend & yield | 1.10 (8.07%) |
| Ex-dividend date | 29 Apr 2024 |
| 1y target est | 19.70 |
- Investing.com
Battery materials group Umicore slashes outlook amid EV demand slowdown
Investing.com -- Brussels-listed shares in Umicore (EBR:UMI) slumped by more than 7% on Wednesday after the Belgian metal recycling group slashed its 2024 profit guidance.
- Reuters
Umicore cuts 2024 profit forecast on slowing electric vehicle market
(Reuters) -Belgian metal recycling group Umicore lowered its 2024 profit forecast on Wednesday, citing dour demand projections for battery materials due to a slowing electric vehicle (EV) market, sending its shares to a near decade low. Shares of the company, which makes catalytic converters and battery materials for carmakers, fell 7% to the bottom of STOXX Europe 600 index in morning trading, as analysts deemed the cut was worse than feared. Umicore was expecting more orders from Chinese EV makers looking to set foot on the continent, but it said on Wednesday that those volumes will not materialize in 2024, while legacy contracts also come to an end faster than anticipated.
GlobeNewswireUmicore: Slowdown in EV growth significantly impacts 2024 outlook for Umicore’s Battery Materials activities
Slowdown in EV growth significantly impacts 2024 outlook for Umicore’s Battery Materials activities Against the backdrop of a sharp slowdown in the growth of demand for EVs impacting the entire supply chain, customers’ demand projections for Umicore’s battery materials have steeply declined in recent weeks. Consequently 2024 volumes for its battery materials could be equal or slightly lower than last year. In this context, Umicore lowers its full year 2024 guidance for the Battery Materials Busi
