Umicore

Umicore reported an adjusted EBITDA of €577m for H1 2026 (consensus €531m) and an adjusted EBIT of €442m (consensus €388m). Free cash flow was positive at €156m and substantially exceeded expectations, prompting the group to raise its full-year adjusted EBITDA guidance from “near €1bn” to “slightly above €1bn.” JPMorgan confirmed an Overweight rating and raised estimates; the stock rose about 3.5% in trading to €21.80. » More on de.investing.com

Umicore shares jumped 14.34% to €25.68 and hit a new 52-week high after Goldman Sachs upgraded its rating from "Neutral" to "Buy" and raised the 12-month price target from €21 to €33. Goldman Sachs cited significantly higher estimates for recycling and Specialty Materials and strong commodity prices for cobalt and germanium; the bank sees considerable growth potential in germanium solutions through 2028. In addition, Goldman Sachs holds a reportable 5.40% stake in Umicore, and Umicore expects adjusted group EBITDA of around €1 billion for 2026. » More on de.investing.com

Umicore beat expectations in the first quarter of 2026 thanks to strong demand, operational efficiency and favorable metal prices. The company raised its full-year EBITDA forecast to around €1 billion and plans about €350 million in investments in growth areas. The share rose 1.59% to $17.22 after the results; management highlights strength in the Catalysis and Recycling segments. » More on de.investing.com