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1| Thanks to the acquisition<br />
of PMG, Umicore is now<br />
one of the world’s<br />
leading developers of<br />
environmentally friendly<br />
fuel cell technology.<br />
Corporate & Investments<br />
Key Figures (amounts in million €) Belgian GAAP IFRS<br />
1999 2000 2001 2002 <strong>2003</strong><br />
EBIT - Recurring (18.4) (11.4) (16.8) (13.6) (22.0)<br />
EBIT - Non Recurring n/a n/a n/a (2.9) (10.7)<br />
EBIT - Total (18.4) (11.4) (16.8) (16.5) (32.7)<br />
EBITDA(0.9) (1.7) (4.5) (0.5) (4.5)<br />
Average Capital Employed 184.0 153.0 207.2 250.9 214.6<br />
Capital Expenditure 16.6 6.0 7.4 10.8 14.1<br />
Workforce 1,163 1,097 1,147 1,126 1,200<br />
Profile<br />
This segment includes Umicore Marketing Services (UMS) and the other shared operational<br />
functions and corporate activities, as well as the Research Development and Innovation<br />
function and the Fuel Cells venture. This segment also includes the company’s financial<br />
investments that do not <strong>report</strong> directly into one of the company’s business groups.<br />
34 | 35
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