Sign up Australia
Proactive Investors - Run By Investors For Investors

Johnson Matthey expects a stronger second half

The company holds its AGM in London later this morning.2
underside of a car, exhaust
Full year guidance is maintained

Johnson Matthey Plc (LON:JMAT) told investors that it expects a stronger second-half performance, reflecting normal seasonality.

In a statement ahead of today’s AGM, the company said it anticipates growth in its operating performance will be in line with the medium-term guidance - for ‘mid-to-high single digit growth’.

READ: Liberum reckons the downgrades are over at Johnson Matthey

“In the first quarter, we delivered sales growth in line with our expectations, led by our Clean Air Sector and with growth in Efficient Natural Resources and New Markets, while sales in Health were broadly stable,” the company said.

“Our full year guidance for the group at constant rates is unchanged.”

Johnson Matthey added that cash generation and working capital remain a key focus, and it said that working capital “will be significantly higher” at the half year.

View full JMAT profile View Profile

Johnson Matthey Timeline

Related Articles

Cleaning products
August 05 2018
Most of the polymer maker's activities will be consolidated into its US operations, improving the link between product support and manufacturing
Ray Gibbs
March 07 2018
Haydale has been investing heavily in its Taiwanese operation following October’s £9.3mln fundraise

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use