Materials specialist Umicore has announced its financial results for 2015. According to the company, revenues of € 2.6 billion were up more than 11% compared to 2014, with strong growth in the Catalysis and Energy & Surface Technologies segment more than offsetting the impact of lower metal prices on the recycling activities. Revenue growth, which was in part driven by the ramp-up of recent growth investments, was the main factor behind a REBIT growth of 21%.
In 2016, Umicore said that it expects significant volume increases in its strategic growth platforms of clean mobility and recycling in 2016. Sales of automotive catalysts are set to benefit from strengthening demand in both light and heavy duty applications while the accelerating trend towards vehicle electrification should drive sales of rechargeable battery materials higher.
However, since metal prices are currently at lower levels than the average of last year, given the high level of market volatility it is too early to estimate what impact metal prices might have on the anticipated benefits from the strong volume growth, the company notes.
This story uses material from Umicore with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
