UMICORE : Trading update Q1

BPSTOCK

26 avr. 2011 •08:10

Highlights
Umicore’s revenues in the first quarter of 2011 increased by 13 % compared to the same period in 2010, with
strong performance noted in all business groups.
• Catalysis revenues were up by 13 %;
• Energy Materials revenues were up by 12 %;
• Performance Materials revenues were up by 10 %;
• Recycling revenues were up by 16 %.
Operational cashflows were strong throughout the period, resulting in a decrease of the net financial debt to
below € 300 million at the end of March.
Outlook
Based on the first quarter performance and assuming current market conditions continue to prevail, Umicore
expects full year recurring EBIT to be in the range of € 400 million to € 425 million.
This reflects the year-on-year growth observed in Catalysis and the buoyant supply conditions in Recycling, while
maintaining a stable performance in Energy Materials and Performance Materials.