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JOHNSON MATTHEY ORD 110 49/ - Consensus Indicates Potential 24.0% Upside

JOHNSON MATTHEY ORD 110 49/ - Consensus Indicates Potential 24.0% Upside
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Johnson Matthey Q1 Sales Up 63%

Johnson Matthey Q1 Sales Up 63%
LONDON (dpa-AFX) - Johnson Matthey plc (JMAT.L), on Thursday, reported strong first-quarter sales growth of 63% year-on-year, largely driven by increased demand in Clean Air and also Efficient Natural Resources which benefited from higher precious metal prices and stronger end markets.
Sales have returned to pre-pandemic levels, and operating profit is ahead driven by more volatile and higher average precious metal prices, the company said.
Citing the strength the company currently sees in its end markets, Johnson Matthey now expects at least mid teens growth in underlying operating performance at constant metal prices and constant currency. ....

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Johnson Matthey sales return to pre-pandemic levels in steady recovery

Johnson Matthey sales return to pre-pandemic levels in steady recovery
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Investegate |Johnson Matthey PLC Announcements | Johnson Matthey PLC: Annual Financial Report

Investegate |Johnson Matthey PLC Announcements | Johnson Matthey PLC: Annual Financial Report
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Investegate |Johnson Matthey PLC Announcements | Johnson Matthey PLC: Preliminary results for year ended 31st March 2021

st March 2021

Robert MacLeod, Chief Executive, commented:
Our employees have done a tremendous job adapting to new ways of working through COVID-19, whilst still delivering for our customers. It is thanks to their hard work that we have delivered a robust set of results which, in the context of a pandemic, is especially pleasing and testament to their efforts.

Following a challenging first half, we recovered strongly in the second half helped by a strong recovery in our end markets and higher precious metal prices. We are delivering our efficiency programme, tightly managing working capital and generating cash from our more established businesses which we are continuing to invest for growth, particularly in battery materials and hydrogen. In the year we made good strategic progress. We began entering into partnerships to advance the commercialisation of eLNO and secured new customer wins in Fuel Cells. Our invest ....

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