Umicore profits shrink on automotive crisis impact; revenue, earnings beat estimates

MOSCOW (MRC) -- Umicore (Brussels, Belgium) says its net profits for the first half of 2020 fell by 38%, to EUR91 million (USD107 million) from EUR148 million in the same period of the previous year, said Chemweek.Sales declined by approximately 4% year on year (YOY), to EUR1.57 billion, beating analysts' consensus estimate by 8.1%. Adjusted EBIT and adjusted EBITDA increased slightly com

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