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Umicore SA (UMI.BR)

UMI.BR on Brussels Stock Exchange

60.17EUR
26 May 2017
Change (% chg)

€0.30 (+0.50%)
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€59.87
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€61.29
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Latest Key Developments (Source: Significant Developments)

Umicore completes a 360 million euros US private placement notes issue
Thursday, 18 May 2017 02:30am EDT 

May 18 (Reuters) - UMICORE SA ::UMICORE COMPLETES A € 360 MILLION US PRIVATE PLACEMENT NOTES ISSUE.TRANSACTION IS COMPOSED OF A 10-YEAR TRANCHE OF EUR 160 MILLION MATURING IN DECEMBER 2027 AND A 12-YEAR TRANCHE OF EUR 200 MILLION MATURING IN DECEMBER 2029.FUNDS WILL BE DRAWN UPON IN DECEMBER OF THIS YEAR..OFFERING ATTRACTED STRONG INTEREST FROM INSTITUTIONAL INVESTORS AND WAS SIGNIFICANTLY OVERSUBSCRIBED..COMBINED PROCEEDS WILL BE USED TO FUND UMICORE'S STRATEGIC GROWTH INITIATIVES AND REFINANCE PART OF ITS EXISTING DEBT..  Full Article

BASF, Argonne reach resolution with Umicore over NMC patents
Tuesday, 25 Apr 2017 02:49am EDT 

April 25 (Reuters) - Basf Se :Says basf and argonne reach resolution with umicore over nmc patents infringement claims.Says basf and argonne national laboratory reached a business resolution of their pending patent disputes with umicore.Says umicore is now licensed to make, use, sell, offer to sell, distribute and import nickel-manganesecobalt (nmc) cathode material for lithium ion batteries in the united states under basf’s and argonne’s u.s. Patent nos. 6,677,082; 6,680,143; 7,135,252; and 7,468,223.Says basf and argonne are dismissing their pending action in the united states district court for the district of delaware against umicore.Says the parties are filing a petition for rescission of the existing limited exclusion order with the international trade commission (itc)..  Full Article

Umicore expects FY recurring EBIT in a range of 370 million euros to 400 million euros
Tuesday, 25 Apr 2017 01:30am EDT 

April 25 (Reuters) - Umicore Sa : :Umicore expects full year recurring EBIT to be in a range of 370 million euros ($402.04 million) to 400 million euros assuming current market conditions continue to prevail.Q1 revenues from continued operations increased 13 percent, reflecting strong growth particularly in activities related to clean mobility.Excluding discontinued operations, this equates to a range of 355 million euros to 385 million euros and would represent an increase of 11 pct to 20 pct compared to 2016..Expects full year recurring EBIT to be in a range of 370 million euros to 400 million euros assuming current market conditions continue to prevail.  Full Article

Umicore acquires full ownership of automotive catalyst JV in Korea
Tuesday, 14 Mar 2017 02:31am EDT 

Umicore SA : Reg-Umicore acquires full ownership of automotive catalyst jv in Korea . Announced acquisition of combined 50 pct shareholdings of Samkwang Glass Ind. Co., Ltd. and OCI Company Ltd. in South Korean automotive catalyst joint venture, Ordeg Co. Ltd. for 82 million euros ($87.30 million) . Transaction will contribute immediately to earnings of Umicore .Umicore - which previously held 50 pct of the equity - now has full ownership of Ordeg.  Full Article

Umicore acquires NMC battery material patents from 3M
Tuesday, 10 Jan 2017 01:32am EST 

Umicore SA : Umicore acquires nmc battery material patents from 3M . Umicore takes over all rights and responsibilities with existing licensees of 3M .Patents collectively cover South Korea, China, Japan, Europe and United States and have a validity of between 2021 and 2024.  Full Article

BASF says International Trade Commission determins Umicore infringes BASF laboratory patents
Tuesday, 20 Dec 2016 01:29pm EST 

BASF SE : Says International Trade Commission issues final determination that umicore infringes basf and Argonne National Laboratory patents . Says Commission confirms infringement by Umicore and its customers . Says exclusion order bans importation of Umicore's infringing lithium metal oxide cathode material into United States Further company coverage: [BASFn.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Umicore announces reorganization plans in Germany, expansion in Poland
Tuesday, 27 Sep 2016 09:35am EDT 

Umicore NV : Announces plans to consolidate automotive catalyst production in Germany and expand activities in Poland .The intention is to transfer the production at the Rheinfelden plant to Bad Säckingen over a period of three years.  Full Article

Umicore H1 revenues of 1.4 billion euros, up 1 pct
Friday, 29 Jul 2016 01:30am EDT 

Umicore NV : H1 recurring EBIT of 176 million euros ($194.99 million) (+3 pct) . H1 recurring net profit (group share) of 111 million euros (-15 pct) . Umicore has reached an agreement to sell its Zinc Chemicals business unit to OpenGate Capital . Expects full year recurring EBIT to be in range of 345 million euros - 365 million euros assuming current metal prices continue to prevail . Interim dividend of 0.60 euros per share will be paid out in August . H1 revenues of 1.4 billion euros (+1 pct) . H1 recurring EBITDA of 259 million euros (stable versus first half of 2015) .H1 net debt at 298 million euros corresponding to a gearing ratio of 14.3 pct.  Full Article

Umicore to sell zinc chemicals activities to Opengate Capital
Wednesday, 1 Jun 2016 11:40am EDT 

Umicore Nv : Umicore to sell zinc chemicals activities to Opengate Capital .Transaction places an enterprise value of 142.4 million euro ($159.0 million) on business and is expected to be closed during second half of 2016.  Full Article

Ruling regarding Umicore's alleged infringement of patents to be reviewed
Thursday, 12 May 2016 02:49am EDT 

Umicore NV :Says the United States International Trade Commission (ITC) has decided to review elements of the preliminary ruling made by an administrative law judge on Feb. 29, regarding Umicore's alleged infringement of patents licensed by the German chemical company BASF.  Full Article

More From Around the Web

Umicore sees 2017 operating profit growth of up to 20 pct

BRUSSELS, April 25 Belgium's Umicore said on Tuesday it expected its operating profit to grow by between 11 and 20 percent this year due to strong demand for battery and catalyst material, following a 6 percent rise in 2016.