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    UMI   BE0974320526

UMICORE

(UMI)
  Report
Real-time Euronext Bruxelles  -  07:30 2022-08-12 am EDT
36.28 EUR   -0.55%
06:00aUMICORE : Technoteens get to know Umicore
PU
08/05Umicore SA Announces Interim Dividend, Payable on August 23, 2022
CI
08/05UMICORE : Interim dividend to be paid on 23 August
GL
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Umicore Shares Fall After It Set Financial Targets

06/22/2022 | 03:53am EDT

By Maitane Sardon


Shares in Umicore SA dropped Wednesday at the market opening after the company released new financial targets ahead of its capital markets day.

The Belgian mobility materials company said it aims to double its revenue and earn a 15% return on capital employed by 2030. In 2021, Umicore's revenue totaled 4.0 billion euros ($4.21 billion).

The company also said it is targeting a margin on earnings before interest, taxes, depreciation, and amortization of more than 20% in the period and plans to invest roughly 5 billion euros between 2022 and 2026.

Bernstein analysts said in a research note that the targets look achievable but that Umicore's near-term returns are likely going to be lower than expected.

At 0728 GMT, shares traded 12.4% lower at EUR33.22.


Write to Maitane Sardon at maitane.sardon@wsj.com


(END) Dow Jones Newswires

06-22-22 0352ET

Stocks mentioned in the article
ChangeLast1st jan.
UMICORE -0.52% 36.28 Real-time Quote.2.04%
All news about UMICORE
06:00aUMICORE : Technoteens get to know Umicore
PU
08/05Umicore SA Announces Interim Dividend, Payable on August 23, 2022
CI
08/05UMICORE : Interim dividend to be paid on 23 August
GL
08/01Umicore - Half year results 2022
AQ
07/29Umicore CFO To Step Down In October; Successor Named
MT
07/29TRANSCRIPT : Umicore SA, H1 2022 Earnings Call, Jul 29, 2022
CI
07/29Umicore raises 2022 operating profit outlook
RE
07/29Umicore Predicts FY22 Adjusted EBIT To Surpass Market Expectations
MT
07/29Umicore reports strong performance in the first half of 2022
GL
07/29Umicore SA Reports Earnings Results for the Half Year Ended June 30, 2022
CI
More news
Analyst Recommendations on UMICORE
More recommendations
Financials
Sales 2022 4 175 M 4 312 M 4 312 M
Net income 2022 563 M 582 M 582 M
Net Debt 2022 1 262 M 1 303 M 1 303 M
P/E ratio 2022 15,7x
Yield 2022 2,16%
Capitalization 8 759 M 9 045 M 9 045 M
EV / Sales 2022 2,40x
EV / Sales 2023 2,37x
Nbr of Employees 11 350
Free-Float 81,9%
Chart UMICORE
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Umicore Technical Analysis Chart | MarketScreener
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Technical analysis trends UMICORE
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Last Close Price 36,48 €
Average target price 36,28 €
Spread / Average Target -0,55%
EPS Revisions
Managers and Directors
Mathias Miedreich Chief Executive Officer
Filip Platteeuw Chief Financial Officer
Thomas Leysen Chief Executive Officer
Ann Steegen Chief Technology Officer
Patrick Vermeulen Senior Vice President-Information Systems
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