Umicore Group

(in million €) H2 2017 H2 2018 2017 2018
Turnover* 5 808 8 432 12 277 14 786
Revenues (excluding metal) 1 462 1 587 2 916 3 271
Recurring EBITDA 303 356 599 720
Recurring EBIT 207 252 410 514
   of which associates 18 0 30 5
Non-recurring EBIT (32) (8) (46) (14)
IAS 39 effect on EBIT (18)             -   (21)             -  
Total EBIT 157 244 343 500
Recurring EBIT margin 12,9% 15,9% 13,1% 15,5%
Effective recurring tax rate 25,7% 23,4% 25,7% 24,4%
Recurring net profit, Group share 133 163 267 326
Net profit, Group share 93 156 212 317
R&D expenditure 86 100 175 196
Capital expenditure 225 280 365 478
Net cash flow before financing (230) (335) (381) (604)
Total assets, end of period 5 116 6 405 5 116 6 405
Group shareholders' equity, end of period 1 803 2 609 1 803 2 609
Consolidated net financial debt, end of period 840 861 840 861
Gearing ratio, end of period 31,1% 24,4% 31,1% 24,4%
Net debt / recurring EBITDA 183% 120% 140% 119%
Capital employed, end of period 3 004 3 802 3 004 3 802
Capital employed, average 2 861 3 544 2 710     3 344,2
Return on capital employed (ROCE) 14,4% 14,2% 15,1% 15,4%
Workforce, end of period (fully consolidated) 9 769 10 419 9 769 10 419
Workforce, end of period (associates) 3 360 3 180 3 360 3 180
Accident frequency rate** 3,06 3,32 3,01 3,36
Accident severity rate** 0,09 0,11 0,09 0,10

*Including the elimination of the transactions between continued and discontinued operations

**excluding Building Products for 2017