Highlights
Umicore maintained its growth momentum in 2007:
- Revenues of EUR 1,910.0 million (up by 13.3%)
- EBITDA of EUR 528.8 million (up by 12.3%)
- Recurring EBIT of EUR 359.1 million (up by 9.1%)
- Net recurring profit, Group share, continued operations, of EUR 225.7 million (up by 3.4%)
- Contribution of discontinued operations of EUR 425.8 million
- ROCE of 19.7% (19.2% in 2006)
Strategic repositioning as a materials technology company now completed with the IPO of Nyrstar.
Leadership position attained in catalysts for light duty automotive applications.
Increase of investments to create additional growth options. R&D spend increased to EUR125 million.
Dividend of EUR 3.25 per share to be proposed to shareholders
Net repurchase of EUR 257 million worth of shares in 2007; 1.2 million shares cancelled in February 2008.
Outlook
Umicore expects stable operating profit in 2008.
The Group will step up its organic investments to a new level in the coming year.
For the full version of this release, including all the tables, please click on the following link:
For more information
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Investor relations: |
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Mr.. Tim WEEKES |
+32 2 227 73 98 |
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Mr. Geoffroy RASKIN |
+32 2 227 71 47 |
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Media relations: |
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Mr. Bart CROLS |
+32 2 227 71 29 |
+32 476 98 01 21 |
Umicore profile
Umicore is a materials technology group. Its activities are centred on four business areas: Advanced Materials, Precious Metals Products and Catalysts, Precious Metals Services and Zinc Specialties. Each business area is divided into market-focused business units.
Umicore focuses on application areas where it knows its expertise in materials science, chemistry and metallurgy can make a real difference, be it in products that are essential to everyday life or those at the cutting edge of new technological developments. Umicore's overriding goal of sustainable value creation is based on this ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.
The Umicore Group has industrial operations on all continents and serves a global customer base; it generated a turnover of EUR 8.3 billion (EUR 1.9 billion excluding metal) in 2007 and currently employs some 14,800 people.
A conference call and audio webcast will take place today at 09:30 CET in Brussels.
Dial-in / log-in details can be accessed on www.investorrelations.umicore.com.
