Adjusted EBIT was €461 million, a 26% decrease. The company says that this reflected “the less favorable precious metal price environment”.
Umicore’s Energy & Surface Technologies business reported an increase in revenues and earnings, while Recycling showed a decrease. “Although below the record levels of the previous year, adjusted EBIT represents the second-highest level achieved in the history of the Recycling business group,” the company said.
“In a market environment characterized by severe external challenges, we achieved the second-highest half-year earnings performance in the history of Umicore,” said Mathias Miedreich, CEO.
