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    UMI   BE0974320526

UMICORE

(UMI)
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Real-time Euronext Bruxelles  -  11:35 2022-08-16 am EDT
36.50 EUR   +0.30%
12:30pUmicore - Transparency notifications by Norges Bank
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08/12UMICORE : Technoteens get to know Umicore
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08/05Umicore SA Announces Interim Dividend, Payable on August 23, 2022
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Umicore and ACC Enter Strategic Partnership for EV Battery Materials in Europe

04/27/2022 | 02:30am EDT

Umicore and Automotive Cells Company (ACC) have signed a long-term strategic supply agreement for EV (electric vehicle) cathode materials in Europe. Umicore will supply ACC’s future large-scale European battery plants with next-generation high nickel cathode materials out of its greenfield production plant in Nysa, Poland. The long-term agreement will start with an annual offtake commitment of 13 GWh to a major platform of a European car manufacturer with first commercial volumes expected in early 2024. Umicore and ACC share the ambition to further develop their partnership with the potential to grow annually supplied volumes to reach at least 46 GWh by 2030, equivalent to powering at least 500,000 EVs per year. The partnership supports ACC’s growth and sustainability ambitions by providing ACC access to critical, high-performing and ethically sourced battery materials for the ramp-up of its European cell production. In turn, it will provide Umicore secured access to substantial demand for its cathode materials and further diversify its exposure to major and diverse players in the EV value chain.


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Analyst Recommendations on UMICORE
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Financials
Sales 2022 4 175 M 4 249 M 4 249 M
Net income 2022 563 M 573 M 573 M
Net Debt 2022 1 262 M 1 284 M 1 284 M
P/E ratio 2022 15,6x
Yield 2022 2,15%
Capitalization 8 737 M 8 896 M 8 891 M
EV / Sales 2022 2,39x
EV / Sales 2023 2,36x
Nbr of Employees 11 350
Free-Float 81,9%
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Technical analysis trends UMICORE
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 18
Last Close Price 36,39 €
Average target price 36,28 €
Spread / Average Target -0,31%
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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