Johnson Matthey PLC

JMAT

Equity

ISIN GB00BZ4BQC70 / Valor 30558091

LSE London Stock Exchange, SETS (2025-03-13)

GBP 14.14-2.08%

Johnson Matthey PLC
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About company

Johnson Matthey PLC is a British multinational specialty chemicals company that focuses on sustainable technologies for a variety of industries, including automotive, pharmaceuticals, and electronics. They are a leading supplier of catalysts, precious metals, and other advanced materials.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Resilient Performance

In the first half of 2024/25, Johnson Matthey PLC reported a resilient performance with underlying operating profit, excluding divestments, down by 4%. This result was in line with the company's expectations, despite facing a challenging macroeconomic environment.

Improved Margins

Johnson Matthey PLC achieved improved margins in its Clean Air and Catalyst Technologies sectors during the first half of 2024/25. The company remains on track to meet its targets, demonstrating effective management and strategic focus in these areas.

Transformation Programme

The transformation programme at Johnson Matthey PLC is progressing well, with cumulative cost savings of £155 million achieved to date. The company is on track to reach its goal of £200 million in savings by the end of 2024/25, highlighting its commitment to operational efficiency.

Strong Balance Sheet

As of the first half of 2024/25, Johnson Matthey PLC maintained a strong balance sheet with a net debt to EBITDA ratio of 1.4 times. The company is focused on driving improved cash flow, supported by a £250 million share buyback programme, of which £205 million has been completed by November 22, 2024.

Full Year Outlook

Johnson Matthey PLC has maintained its full-year outlook for 2024/25, anticipating stronger performance in the second half. This expectation is driven by anticipated benefits from its transformation programme and improved performance in PGM Services, reflecting confidence in its strategic direction.

Summarized from source with an LLMView Source

Key figures

-16.3%1Y

-25.0%3Y

-31.3%5Y

Performance

26.5%1Y

31.0%3Y

34.0%5Y

Volatility