Umicore has reported revenues up 7% compared to Q3 2015, reflecting solid growth across the business groups.
In Catalysis, revenues were up by 10%, driven largely by strong growth in Automotive Catalysts for both light-duty vehicles and heavy-duty diesel applications. Revenues in Energy & Surface Technologies were up by 8% primarily due to the continued rise in demand for Rechargeable Battery Materials used in the transportation segment. The 7% revenue increase in Recycling mainly reflects higher processed volumes and solid supply conditions in Precious Metals Refining.
Umicore expects full year recurring EBIT to be in the previously guided range of €345 to €365 million, including the contribution of Zinc Chemicals for the full year.
This story is reprinted from material from Umicore, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
