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Belgium’s Umicore ups 2022 profit outlook, announces new CFO

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Reuters UK

(Reuters) -Belgian chemicals and battery materials company Umicore expects higher full-year adjusted operating profit (EBIT) than previously stated, it said on Friday, and also announced the departure of its finance chief. Umicore anticipates 2022 adjusted EBIT will be “somewhat above” consensus, which stands at 827.7 million euros ($845.2 million), against guidance in April of “slightly above” 818 million euros. “Despite the current challenging market context, I am very positive about the opportunities ahead,” the company’s CEO Mathias Miedreich said in a statement. Umicore said the outlook a…

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