Umicore has reported revenues for the first six months of 2021 of €2.1 billion, an increase of 37% year on year, and earnings before interest and taxes (EBIT) of €625 million, up 157% compared to the first half of 2020.

According to the company, this increase reflects the sharp recovery of demand from the automotive industry for its materials after the severe downturn caused by the Covid-19 pandemic last year.

Based on this performance it expects its adjusted EBIT for the full year 2021 to slightly exceed €1 billion.

This story uses material from Umicore, with editorial changes made by Materials Today.