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Reuters
Belgium’s Umicore expects 2024 core profit to be lower than expected
February 16 (Reuters) –Umicore in Belgium UMI.BR The battery materials provider said on Friday it expects core profit to decline this year after reporting a stronger-than-expected drop in revenue for the second half of 2023.
The materials technology and recycling group expects 2024 earnings before interest, taxes, depreciation and amortization to be between 900 million and 950 million euros ($968 million to $1 billion), but Vara. Analysts polled by Research had expected 979 million euros.
(1 dollar = 0.9295 euro)
Reporting from Gdańsk by Nathan Wifrin and Gael Sheehan.Editing: Mira Nissi
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