Umicore 2016 Full Year Results Earnings

Umicore reported 3% revenue growth and 7% REBIT increase from continued operations in 2016, driven by strong performance in Automotive Catalysts and Rechargeable Battery Materials. The company invested in clean mobility expansion, including tripling cathode materials capacity and establishing new catalyst production facilities, while facing €110 million in non-recurring charges from competition penalties and plant closures.