OverviewSuggest Edit

Umicore is a materials technology and recycling company. It operates Catalysis, Recycling, and Energy and Surface Technologies business units. The Catalysis business unit offers automotive catalysts and precious metals chemistry products. The Recycling business unit is engaged in precious metals refining and management and provides jewelry and industrial metals. The Energy and Surface Technologies business unit offers rechargeable battery, electro-optic, electroplating, cobalt, and specialty materials. The company serves energy, automotive, recycling, chemicals, manufacturing, optics, displayed, precious metals, and electronics industries.
TypePublic
Founded1989
HQBrussel, BE
Websiteumicore.com
Employee Ratings4.1
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)11,152(+8%)
Job Openings227
Revenue (FY, 2019)€17.5 B(+28%)
Share Price (Sept 2021)€50(-4%)
Cybersecurity ratingAMore

Key People/Management at Umicore

Marc Grynberg

Marc Grynberg

Chief Executive Officer, Executive Director
Rudolf Singer

Rudolf Singer

Global Director Sales and Technology
Filip Platteeuw

Filip Platteeuw

Chief Financial Officer
An Steegen

An Steegen

Chief Technology Officer
Mark Caffarey

Mark Caffarey

President Umicore USA
Atsuya Hanazawa

Atsuya Hanazawa

President Umicore Japan
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Umicore Office Locations

Umicore has offices in Brussel, Antwerpen, Brugge, Olen and in 57 other locations
Brussel, BE (HQ)
Broekstraat 31
Antwerpen, BE
Adolf Greinerstraat 14
Brugge, BE
Kleine Pathoekeweg 82
Olen, BE
Watertorenstraat 33
Derrimut, AU
Calarco Drive 49 Unit 1 Vic.
Americana Neighborhood, BR
Av. São Jerônimo, 5000 - Morada do Sol
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Umicore Financials and Metrics

Umicore Revenue

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Umicore's revenue was reported to be €17.49 b in FY, 2019 which is a 27.5% increase from the previous period.
EUR

Revenue (H1, 2020)

10.0b

Gross profit (H1, 2020)

912.1m

Gross profit margin (H1, 2020), %

9.2%

Net income (H1, 2020)

92.4m

EBIT (H1, 2020)

172.7m

Market capitalization (15-Sept-2021)

13.0b

Closing stock price (15-Sept-2021)

50.0

Cash (30-Jun-2020)

1.2b

EV

14.4b
Umicore's current market capitalization is €13 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

11.9b13.7b17.5b

Revenue growth, %

15%27%

Cost of goods sold

10.3b11.9b15.6b

Gross profit

1.6b1.9b1.8b
Half Year
EURH1, 2018H1, 2019H1, 2020

Revenue

6.4b7.6b10.0b

Cost of goods sold

5.4b7.6b9.1b

Gross profit

947.1m(67.8m)912.1m

Gross profit Margin, %

15%(1%)9%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

168.1m285.1m271.7m

Accounts Receivable

1.1b871.0m1.1b

Inventories

1.6b2.3b2.5b

Current Assets

3.2b3.8b4.2b
Half Year
EURH1, 2018H1, 2019H1, 2020

Cash

630.4m320.9m1.2b

Inventories

1.9b2.1b2.5b

Current Assets

4.1b3.8b5.0b

PP&E

1.4b1.8b2.1b
Annual
EURFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

190.5m244.0m

Inventories

(439.6m)(679.7m)(154.2m)

Accounts Payable

482.4m(54.8m)383.7m

Cash From Operating Activities

153.3m(27.3m)479.2m
Half Year
EURH1, 2018H1, 2019H1, 2020

Cash From Operating Activities

31.3m245.6m249.1m

Purchases of PP&E

(195.6m)(234.8m)(145.5m)

Cash From Investing Activities

(300.9m)(248.3m)(160.6m)

Dividends Paid

(108.2m)(99.6m)(2.2m)
EURFY, 2017

EV/EBIT

29.6 x

EV/CFO

60.3 x

Revenue/Employee

1.2m

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.7 x

P/E Ratio

39.6
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Umicore Operating Metrics

FY, 2017FY, 2018FY, 2019

Production Sites

514850

R&D Centers

141415
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Umicore Acquisitions / Subsidiaries

Company NameDateDeal Size
Allgemeine Gold- und Silberscheideanstalt Aktiengesellschaft
Allgemeine Suisse SA
Anandeya Zinc Oxides Private Ltd.
CP Chemicals Group
Eurotungstene
Exploitatie Maatschappij de Bek B.V.
Imperial Smelting & Refining Co. of Canada Ltd.
Jiangmen Umicore Changxin New Material Co., Ltd.
Laura B.V.
Ögussa Österreichische Gold- und Silber-Scheideanstalt Gesellschaft m.b.H.
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Umicore Revenue Breakdown

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Umicore revenue breakdown by business segment: 15.6% from Energy & Surface Technologies, 60.0% from Recycling, 24.1% from Catalysis and 0.3% from Other

Umicore revenue breakdown by geographic segment: 46.1% from Europe, 22.1% from North America, 27.7% from Asia-Pacific and 4.1% from Other

Umicore Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Umicore Online and Social Media Presence

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Umicore Company Culture

  • Overall Culture

    A+

    89/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Umicore News and Updates

Worldwide Lithium-ion Battery Recycling Industry to 2026 - Featuring Li-Cycle, Umicore and American Manganese Among Others

DUBLIN, July 22, 2021 /PRNewswire/ -- The "Lithium-ion Battery Recycling Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026" report has been added to ResearchAndMarkets.com's offering. The report on the global lithium-ion battery recycling market provides...

Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland

Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland

Umicore - Transparency notification by Groupe Bruxelles Lambert S.A.

Umicore - Transparency notification by Groupe Bruxelles Lambert S.A.

Umicore announces equity investment in Solid Power, leading developer of next-generation solid state batteries

Umicore announces equity investment in Solid Power, leading developer of next-generation solid state batteries

Umicore - All agenda items approved at the shareholders' meetings

On Thursday 29 April 2021, Umicore held its ordinary and special shareholders’ meetings, broadcasted live from its headquarters in Brussels, Belgium. The shareholders approved all agenda items. Details of the resolutions are available on Umicore’s website.

Umicore set for outstanding performance in 2021

Umicore is off to a very strong start this year driven by soaring precious metal prices, in particular rhodium and to a lesser extent palladium, strong demand across businesses and robust operations.
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Umicore Frequently Asked Questions

  • When was Umicore founded?

    Umicore was founded in 1989.

  • Who are Umicore key executives?

    Umicore's key executives are Marc Grynberg, Rudolf Singer and Filip Platteeuw.

  • How many employees does Umicore have?

    Umicore has 11,152 employees.

  • What is Umicore revenue?

    Latest Umicore annual revenue is €17.5 b.

  • What is Umicore revenue per employee?

    Latest Umicore revenue per employee is €1.6 m.

  • Who are Umicore competitors?

    Competitors of Umicore include BASF Catalysts, Johnson Matthey and Arkema.

  • Where is Umicore headquarters?

    Umicore headquarters is located at Broekstraat 31, Brussel.

  • Where are Umicore offices?

    Umicore has offices in Brussel, Antwerpen, Brugge, Olen and in 57 other locations.

  • How many offices does Umicore have?

    Umicore has 67 offices.