Johnson Matthey (JMAT)

Sector:

Industrial Chemicals

Index:

FTSE 250

1,692.00p
   
  • Change Today:
    -7.00p
  • 52 Week High: 1,870.00p
  • 52 Week Low: 1,446.50p
  • Currency: UK Pounds
  • Shares Issued: 192.93m
  • Volume: 457,872
  • Market Cap: £3,264.31m
  • RiskGrade: 168

Johnson Matthey profit hit by lower PGM prices

By Michele Maatouk

Date: Thursday 23 May 2024

LONDON (ShareCast) - (Sharecast News) - Johnson Matthey posted a fall in full-year underlying profit on Thursday as it was hit by lower metals prices.
In the year to the end of March, underlying operating profit declined to £410m from £465m as PGM (platinum group metals) prices fell. Excluding the £85m impact from PGM prices, underlying operating profit was 11% higher on the year, "driven by transformation benefits and higher pricing".

Revenue fell to £12.8bn from £14.9bn.

The company said it plans to launch a £250m share buyback programme, after receiving net proceeds of more than £500m from business divestments.

Chief executive Liam Condon said: "In May 2022, we set out Johnson Matthey's reinvigorated strategy and transformation. We are now two years into executing on that strategy and, with the benefits progressively coming through, I am more confident than ever that we will be successful.

"We have built on the momentum from the first half, delivering good growth in underlying operating profit in the year, although lower PGM prices have impacted our headline profitability.

"We are delivering against our strategic milestones, and are announcing new commitments to 2025/26 which will continue to build a strong platform for growth."

For the year to the end of March 2025, on a continuing basis excluding value businesses, the group expects at least mid single-digit growth in underlying operating performance at constant precious metal prices and constant currency.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Johnson Matthey Market Data

Currency UK Pounds
Share Price 1,692.00p
Change Today -7.00p
% Change -0.41 %
52 Week High 1,870.00p
52 Week Low 1,446.50p
Volume 457,872
Shares Issued 192.93m
Market Cap £3,264.31m
RiskGrade 168

Johnson Matthey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.14% above the market average58.14% above the market average58.14% above the market average58.14% above the market average58.14% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Price Trend
12.76% below the market average12.76% below the market average12.76% below the market average12.76% below the market average12.76% below the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Income
50.19% above the market average50.19% above the market average50.19% above the market average50.19% above the market average50.19% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
93.31% below the market average93.31% below the market average93.31% below the market average93.31% below the market average93.31% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 6
Sell 2
Strong Sell 0
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Johnson Matthey Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 30-Nov-23
Paid 06-Aug-24 06-Feb-24
Amount 55.00p 22.00p

Trades for 12-Jul-2024

Time Volume / Share Price
16:37 13,087 @ 1,692.00p
16:35 3,352 @ 1,692.00p
16:35 240,646 @ 1,692.00p
16:35 1,623 @ 1,692.00p
16:35 123 @ 1,692.00p

Johnson Matthey Key Personnel

Chair Patrick W. Thomas
CFO Stephen Oxley
CEO Liam Condon

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