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Pin to quick picksJohnson Matthey Share News (JMAT)

Share Price Information for Johnson Matthey (JMAT)

London Stock Exchange
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Share Price: 1,804.00
Bid: 1,813.00
Ask: 1,816.00
Change: 14.00 (0.78%)
Spread: 3.00 (0.165%)
Open: 1,788.00
High: 1,827.00
Low: 1,770.00
Prev. Close: 1,790.00
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Tighter emissions rules a boost for Johnson Matthey

Thu, 30th May 2019 07:04

(Sharecast News) - Speciality chemicals company Johnson Matthey posted a 53% rise in pre-tax profits as tighter regulation in Europe and China helped its clean air division which makes automotive catalytic converters.Profits came it at £523m on revenues of £10.7bn, up 5% as the company said it expected current year growth in operating performance at constant rates to be within medium term guidance of mid to high single digit growth.The FTSE 100 company said operating profit for the year ended to March 31 rose to £531m from £359m a year ago.Earnings per share, the company's preferred metric, rose 39% to 215.2 pence.A final dividend of 62.25p a share was declared for a total payout of 85.5p a share, up from 80p a year earlier.The company said it expected a year of modest growth in 2019/20, weighted to the first half as it realised the benefit of annualised share gains, partly offset by reinvestment into research and development."We anticipate that these investments for growth and efficiency will lead to a slightly lower margin than in 2018/19. Beyond 2019/20, we expect sales and operating profit growth to be increasingly driven by the introduction of new legislation in China and India," the company said.In the reported year, continued strong sales and operating profit growth in the clean air unit, which accounts for 70% of operating profits, helped Johnson Matthey achieve its planned market share of around 65% in European light duty diesel.Sector sales grew 11%, well ahead of the decline in global vehicle production, driven by double digit growth in both light and heavy duty catalysts, it added.
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4 May 2022 08:05

Jefferies upgrades Johnson Matthey to 'buy'

(Sharecast News) - Jefferies upgraded shares of Johnson Matthey on Wednesday to 'buy' from 'hold', lifting the price target to 2,600p from 2,100p after Standard Investments took a stake in the company.

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29 Apr 2022 17:01

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April 29 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

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29 Apr 2022 15:50

Europe finishes higher, but April ends with losses

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EUROPE FINISHES HIGHER, BUT APRIL ENDS WITH LOSSES (1142 EDT/1542 GMT)

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29 Apr 2022 12:10

LONDON MARKET MIDDAY: CAC and DAX rise but FTSE flat as banks fall

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29 Apr 2022 11:37

Johnson Matthey shares surge as Standard Industries takes 5% stake

(Sharecast News) - Shares in UK chemicals firm Johnson Matthey surged by more than 30% on Friday after the investment arm of New York-based Standard Industries took a 5.23% stake.

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26 Apr 2022 09:42

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22 Apr 2022 11:41

EXECUTIVE CHANGES: Titon hires 20-year Johnson Matthey exec as new CEO

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8 Apr 2022 08:49

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8 Apr 2022 08:15

TOP NEWS: Johnson Matthey says annual performance to meet expectations

(Alliance News) - Johnson Matthey PLC said on Friday it anticipates its recently-ended financial year will meet market expectations, following a recovery for its Clean Air business.

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8 Apr 2022 07:03

Johnson Matthey sees FY in line amid supply chain, inflation issues

(Sharecast News) - Sustainable technology company Johnson Matthey said it expected annual results to be in line with market expectations, but warned of continued supply chain disruption for its automotive customers and increased cost inflation.

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