Umicore First Half 2024 Earnings: €6.12 loss per share (vs €0.93 profit in 1H 2023)

Umicore (EBR:UMI) First Half 2024 Results

Key Financial Results

• Revenue: €7.45b (down 26% from 1H 2023).
• Net loss: €1.47b (down from €223.2m profit in 1H 2023).
• €6.12 loss per share (down from €0.93 profit in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Umicore Earnings Insights

Looking ahead, revenue is expected to fall by 41% p.a. on average during the next 3 years compared to a 5.1% decline forecast for the Chemicals industry in Belgium.

Performance of the Belgian Chemicals industry.

The company's shares are down 9.9% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Umicore.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com