Umicore, BE0974320526

Umicore lifts guidance: 13 analysts target EUR 25.63 for Umicore stock

Published on 10/15/2026 at 11:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 adjusted EBITDA rose 33 percent to EUR 577.00 million. Umicore stock costs EUR 20.24 on October 15, 2026, with EUR 25.63 as the average target.

Earnings and calendar details

Umicore upgraded its full-year 2026 adjusted EBITDA guidance to more than EUR 1 billion on July 31, 2026.
The adjusted EBITDA margin reached 30.2 percent in the first half of 2026.
Umicore stock trades at EUR 20.24 at 11:02 a.m. CEST at Lang & Schwarz on October 15, 2026.

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Umicore (ISIN BE0974320526) upgraded its full-year 2026 adjusted EBITDA guidance to more than EUR 1 billion after adjusted EBITDA rose 33 percent to EUR 577.00 million in the first half. The company announced the upgrade with its half-year results on July 31, 2026, according to Umicore.

Guidance rests on a strong first half

The earnings improvement was broad across the group, but management also cautioned that the second half would be weaker than the first because exceptional conditions are unlikely to continue. The H1 adjusted EBITDA margin reached 30.2 percent, while adjusted return on capital employed rose to 23 percent from 16.4 percent, according to Yahoo Finance.

Cash generation also changed the quality of the result. Operating cash flow reached EUR 565 million in the first half of 2026, compared with EUR 260 million in the first half of 2025, while free operating cash flow was EUR 295 million versus an outflow of EUR 54 million a year earlier.

What does the target imply?

MarketScreener lists 13 analysts and an average target of EUR 25.63 for Umicore. The target is a valuation reference rather than a forecast from this article, while the first-half figures show why cash conversion and the pace of the second half matter for the upgraded outlook.

Reporting dates to watch

The next company reporting date is February 19, 2027, followed by publication of the 2026 annual report on March 26, 2027, according to the company investor-relations calendar. Umicore operates through materials technology and recycling activities, including Catalysis, Recycling, and specialty materials businesses.

Stock price and investor context

The stock therefore combines a stronger first-half earnings base with a management warning that the second half will not match the exceptional first-half performance. That tension leaves the upgraded guidance and the February reporting date as the clearest reference points for the next phase of the story.

Umicore stock was trading at EUR 20.24 at Lang & Schwarz on October 15, 2026 at 11:02 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Umicore stock.