Umicore has reported revenues for the first six months of 2022 of €2.1 billion, the same as the first half of 2021.

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.