Umicore Group

(in million €)H1 2014H2 2014H1 2015
Revenues (excluding metal)1,207.21,173.41,348.9
Recurring EBITDA221.2221.0260.0
Recurring EBIT138.3135.3171.1
of which associates13.315.18.7
Non-recurring EBIT(9.4)(12.2)(29.8)
IAS 39 effect on EBIT(3.6)0.9(3.4)
Total EBIT125.3124.0137.9
Recurring EBIT margin10.4%10.2%12.0%
Average weighted net interest rate1.26%1.86%1.56%
Effective recurring tax rate22.23%21.39%23.81%
Recurring net profit, Group share94.898.3130.6
Net profit, Group share81.589.190.1
R&D expenditure73.969.573.0
Capital expenditure72.2130.299.9
Net cash flow before financing118.621.344.3
Total assets , end of period3,658.63,851.44,152.4
Group shareholders' equity, end of period1,661.81,704.61,790.2
Consolidated net financial debt end of period202.4298.3314.2
Gearing ratio , end of period10.6%14.6%14.6%
Average net debt / recurring EBITDA47.2%56.6%58.9%
Capital employed, end of period2,195.82,335.32,429.6
Capital employed, average2,214.72,265.52,382.4
Return on Capital Employed (ROCE)12.5%11.9%14.4%
Workforce, end of period14,21014,07414,101
of which associates3,8903,7063,709
Accident frequency rate2.291.772.92
Accident severity rate1.780.080.08

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