Umicore Raises 2026 EBITDA to €1B, +14%

Umicore shares surged about 14% after the company lifted its full‑year 2026 EBITDA guidance to roughly €1 billion.
The upgraded outlook assumes metal prices remain at Q1 levels and no major macroeconomic shock, per management.
Degroof Petercam credits stronger‑than‑expected Recycling and Specialty Materials results, raising its 2026‑27 earnings forecasts by 10‑12%.
Catalysis to benefit from gasoline catalyst demand; Recycling and Specialty Materials to exceed forecasts; Battery Materials volume stays flat.