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27 Jun 2023 07:00
Johnson Matthey:Catalyst Technologies seminar
27th June 2023
Enabling the net zero transition | |
Johnson Matthey is today hosting a Catalyst Technologies seminar for investors and analysts. | |
We will provide greater insight in the vital role our Catalyst Technologies business plays in the energy transition, which is creating significant growth opportunities for Johnson Matthey. | |
Besides our current core catalyst business, we have a growing pipeline of more than 100 large scale sustainable technology projects with a total addressable market estimated to be worth c.£6.5bn by 2030, across low carbon hydrogen and sustainable aviation fuel. | |
We are now targeting: | |
· | High single digit sales growth in the short-term for our Catalyst Technologies business, accelerating to mid-teens growth over the medium to long-term as these new opportunities scale |
· | Underlying operating margin returning to mid-teens within two years (by end of 2024/25), and high teens within five years (by end of 2027/28). We expect continued margin accretion over the long-term as the proportion of licensing in the portfolio increases |
The audio webcast will begin at 13:00 BST and interested parties can register for the event through Johnson Matthey's website: https://matthey.com/investors/results-reports-and-presentations | |
ENDS | |
Enquiries: | ||
Investor Relations | ||
Martin Dunwoodie Louise Curran Carla Fabiano | Director of Investor Relations Senior Investor Relations Manager Senior Investor Relations Manager | +44 20 7269 8241 +44 20 7269 8235 +44 20 7269 8004 |
Media | ||
Barney Wyld Harry Cameron | Group Corporate Affairs Director Teneo | +44 20 7269 8001 +44 7799 152148 |
Johnson Matthey Plc is listed on the London Stock Exchange (JMAT) |
Registered in England & Wales number: 00033774 |
Legal Entity Identifier number: 2138001AVBSD1HSC6Z10 |
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