Umicore SA (XBRU:UMI)
€ 10.35 0.15 (1.47%) Market Cap: 2.49 Bil Enterprise Value: 3.90 Bil PE Ratio: 0 PB Ratio: 1.22 GF Score: 70/100

Half Year 2019 Umicore SA Earnings Call Transcript

Jul 31, 2019 / 07:30AM GMT
Release Date Price: €28.44 (+9.17%)
Operator

Thank you for standing by and welcome to Umicore Half Year 2019 results. I would like to hand the call over to our first speaker, Mr. Marc Grynberg. Thank you, please go ahead, sir.

Marc Grynberg

Thank you. Good morning everyone and welcome to the presentation of Umicore's results for the first half of this year. I will cover business and market developments as well as the outlook for the full year before handing over to Filip who will take you through the financials. I will then wrap up before opening up the call to you for any questions that you might have.

Looking at the highlights, my first comment is that we have faced a challenging environment. In the second half of last year we saw the first signs of a downturn in key industries and faltering consumer confidence with declining car sales as one the most visible effects thereof. These negative trends have either continued in the first part of this year or, in some cases, have gotten worse. In addition, as I explained at the end of April, certain more specific market factors have affected Umicore's growth

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot