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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Johnson Matthey Plc    JMAT   GB00BZ4BQC70

JOHNSON MATTHEY PLC

(JMAT)
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Johnson Matthey : half-year profit slumps on pandemic hit

11/19/2020 | 03:39am EST

(Reuters) - Chemicals maker Johnson Matthey on Thursday reported a near 90% slump in half-year profit and also refrained from providing an outlook for 2021, as pandemic restrictions continued to dent demand for its pollution filters.

The company named the group's financial controller Karen Hayzen-Smith as its interim chief financial officer and said sales at its Clean Air division fell nearly 30% on-year.

Johnson Matthey said demand at its Clean Air unit, its biggest contributor to sales, was materially lower than last year, especially in Europe and the Americas.

"In Clean Air, following the temporary disruption earlier in the year, we are currently seeing a strong recovery in demand across all regions, especially in China," Chief Executive Officer Robert MacLeod said.

Demand in autos and other key markets has improved since the start of the pandemic, MacLeod said, but warned that the path to recovery remained uncertain.

The company, one of Europe's leading producers of autocatalysts, said profit before tax for the six months ended Sept. 30 slumped to 26 million pounds from 225 million pounds last year.

(Reporting by Aakash Jagadeesh Babu in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2020
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Financials
Sales 2021 3 762 M 5 161 M 5 161 M
Net income 2021 220 M 302 M 302 M
Net Debt 2021 991 M 1 359 M 1 359 M
P/E ratio 2021 25,1x
Yield 2021 1,94%
Capitalization 5 614 M 7 658 M 7 702 M
EV / Sales 2021 1,76x
EV / Sales 2022 1,63x
Nbr of Employees 13 632
Free-Float 95,8%
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Technical analysis trends JOHNSON MATTHEY PLC
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Consensus
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Mean consensus HOLD
Number of Analysts 20
Average target price 2 670,05 GBX
Last Close Price 2 916,00 GBX
Spread / Highest target 20,0%
Spread / Average Target -8,43%
Spread / Lowest Target -38,3%
EPS Revisions
Managers and Directors
NameTitle
Robert James MacLeod Chief Executive Officer & Executive Director
Patrick Webster Thomas Chairman
Karen Veronica Hayzen-Smith Chief Financial Officer & Financial Controller
Paul Jonathan Coby Chief Information Officer
Maurits Van Tol Chief Technology Officer
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