Umicore’s Post

Today we published our Full Year Results 2023. I am convinced that our continued focus on financial discipline, the further acceleration of our efficiency efforts, and a hedging policy that is better adapted to the current market context provide us with the best foundation to execute our #2030RISE strategy. Read our full press release on the link below:

Great takeaways on Umicore‘s 2023 results and what’s ahead in this interview that CEO Mathias Miedreich gave on CNBC: “In 2023 we finalized the preparation of or growth going forward and have turned many assumptions of our 2030 RISE strategy into facts: we have a global footprint in our #EV #batterymaterials, we’ve secured a very strong order book for 2030, and for 2024 are guiding for the first time for our new Battery Materials business group for an EBITDA margin of about 22 pct. If you compare this with our competitive environment, this is a very strong message.”

Today Albemarle announced a new operating structure to increase agility, drive cost efficiencies and maintain long-term competitiveness. The company will transition from two core global business units—Energy Storage and Specialties—to a fully integrated functional model. “The long-term growth potential of our industry is significant, and this structure enables Albemarle to take greater advantage of our world-class resources, global conversion network and process chemistry expertise while driving to a lower-cost structure,” said Chairman and CEO Kent Masters. “As our industry evolves, our new operating structure is designed to flex with the complexities of our markets, improve customer centricity and cost-effectively strengthen our core capabilities to maintain our leadership position.” View the news release here: https://bit.ly/3ZU7xG9

🚀 Exciting News from Dow! 🌍✨ 📅 As of May 16, 2024, Dow has reached a major milestone at its Ahlen, Germany facility. The new production line for VORATRON™ polyurethane systems is now mechanically complete! This expansion boosts Dow's capacity by tenfold, making the company more ready than ever to meet the skyrocketing demands of the electric vehicle industry. 🚗💡 Why is this big news? VORATRON™ products are essential for electric vehicle batteries, offering: High-strength adhesives & thermally conductive composites Enhanced safety, vehicle range, and reliability through superior thermal management Lightweight solutions aiding vehicle weight reduction 🌱 Plus, the plant is powered by 100% renewable energy! All processing machines and vehicles onsite are electric, aligning with Dow's commitment to slash global carbon emissions. 🔋🚘 By 2030, electric vehicles will form over a quarter of new car sales. Dow's latest investment ensures it is at the forefront, providing cutting-edge materials critical for future mobility.

🚀 **Exploring WACKER Chemie AG's FY 2023 Performance and Future Trajectory** 🚀 https://lnkd.in/dJ-na5Qr Wacker Chemie AG for the fiscal year 2023, as presented by Joerg Hoffmann, CFA, Head of Investor Relations. Despite facing formidable market challenges, Wacker Chemie navigated through with resilience, albeit experiencing a decline in both sales and earnings. In FY 2023, total sales for Wacker Chemie plummeted to €6.4 billion, marking a 22% decrease from the previous year. Similarly, EBITDA witnessed a notable 60% reduction, settling at €824 million. However, amidst these trials, Wacker Chemie remains steadfast in its commitment to shareholders, proposing a generous dividend of €3.00 per share, reflecting a payout ratio of approximately 50%. Looking ahead to 2024, Wacker Chemie anticipates a slight deceleration in business operations, with projected sales ranging between €6 billion and €6.5 billion and EBITDA expected between €600 million and €800 million. These forecasts consider the prevailing weak economic environment impacting customer order trends. To combat these challenges, Wacker Chemie is implementing cost discipline measures, including a restrictive personnel policy and streamlining processes. Despite short-term hurdles, the company remains optimistic about its medium to long-term prospects, aiming to achieve sales exceeding €10 billion by 2030 and an EBITDA margin surpassing 20%. Wacker Chemie's strategic response entails leveraging global megatrends like renewable energy, electromobility, and digitalization, coupled with investments in expanding production capacities and sustainable product lines. Notably, international sales constitute 85% of total sales, emphasizing the company's global footprint and growth trajectory. With a growing workforce of 16,378 employees and a strategic focus on financial stability, Wacker Chemie stands resilient amidst market volatilities. Joerg Hoffmann reiterates the company's commitment to navigating economic challenges while steadfastly pursuing long-term growth and sustainability objectives. In summary, Wacker Chemie's FY 2023 performance unveils a story of resilience, strategic adaptability, and unwavering commitment to stakeholders, setting a compelling trajectory for future success in the chemical industry landscape. Watch the detailed presentation for deeper insights into Wacker Chemie's journey and strategic vision. #WackerChemie #FinancialResults #InvestorRelations #ChemicalIndustry #Sustainability #FutureOutlook T&C: this publication is for informational purposes only – it is not considered investment advice! www.seat11a.com/legal/

🚀 Excited to share insights from WACKER Chemie AG's Q1 2024 financial results presentation by IR Head Joerg Hoffmann, CFA: https://lnkd.in/gMhKzqgc Despite challenges Wacker achieved €1.5 billion in sales, up 8% from the previous quarter. Key indicators reveal a strategic response to market dynamics, with EBITDA at €172 million (-39%) due to pricing and decisions to navigate tough times. Segment-wise, SILICONES showed profitability growth, while POLYMERS and BIOSOLUTIONS exhibited recovery signs. Amidst economic shifts, Wacker stays committed to long-term growth, investing in renewable energy, electromobility, and digitalization. Despite sales drops in Asia, Europe, and the Americas, capital expenditures rose to €117 million, reflecting strategic investment resolve. Outlook for 2024 remains positive, with sales projected at €6-6.5 billion and EBITDA between €600-800 million. Challenges in cash flow and net debt are expected, but Wacker is strategically positioned to thrive. #WackerChemieAG #FinancialResults #StrategicGrowth #Investments #Outlook2024 T&C: This publication is for informational purposes only – it is not considered investment advice! You agree to: www.seat11a.com/legal/

Linde delivered industry-leading results in 2023, including a 25.4% ROC, 27.6% operating margin and EPS growth rate of 16%. For the fourth-quarter of 2023, sales were $8.3 billion, with an adjusted operating profit of $2.3 billion and adjusted EPS up 14%. For more, visit https://lnkd.in/eSNchD6E #FinancialResults #Earnings #NYSE #Investing

🌍 WACKER Chemie AG's H1 2024 financial results create an interesting and adverse scenario. Strategy investments and the behavior of WACKER within the economic turbulence are in question. What was the reason for the revenues in Asia to decrease?  How did WACKER achieve stable EBITDA margins?  What are the prospects of the CEO concerning future growth?  What would be the consequences of strategic investments for WACKER?  🚀 https://lnkd.in/gbZCB8kA  #LIVideo #WACKERChemie #FinancialAnalysis #ChemicalIndustry #InvestmentOutlook #EconomicTrends Scott McCollister LinkedIn T&C: www.seat11a.com/legal/

Interesting announcement!

Excited to spotlight JEA's latest success story! Flying W Plastics, Inc. has been a standout participant in JEA's Electrification Rebate Program. Their commitment to sustainable practices is truly inspiring. By embracing cleaner energy solutions, Nicholas and his team are not just reducing their carbon footprint— they're also boosting efficiency and cutting costs. Check out Flying W Plastics' journey below and see the power of electrification in action! Interested to learn how electrification could transform your business? Let's connect! #JEA #Electrification #Sustainability