Umicore (EBR:UMI) Full Year 2024 Results
Key Financial Results
- Revenue: €14.9b (down 19% from FY 2023).
- Net loss: €1.48b (down by 484% from €385.1m profit in FY 2023).
- €6.15 loss per share (down from €1.60 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Umicore Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 11%.
The primary driver behind last 12 months revenue was the Recycling segment contributing a total revenue of €9.27b (62% of total revenue). Notably, cost of sales worth €13.6b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €1.72b (64% of total expenses). Explore how UMI's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to fall by 38% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Chemicals industry in Belgium.
Performance of the Belgian Chemicals industry.
The company's shares are down 4.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Umicore you should know about.
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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.
About ENXTBR:UMI
Umicore
Operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa.
Moderate growth potential with mediocre balance sheet.
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