JMAT’s H1 results were positively impacted by the good demand for car and truck catalysts, but profitability suffered. The top-line of New Markets was helped by the strong demand for battery materials, but profitability suffered from the investments in the next generation battery material eLNO, which came in more pronounced than expected. Due to the good performance in all other divisions, JMAT’s figures were a notch higher than expected from us, but consensus was met.
21 Nov 2019
Battery materials' position of points
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Battery materials' position of points
Johnson Matthey Plc (JMAT:LON) | 1,764 35.3 0.1% | Mkt Cap: 3,237m
- Published:
21 Nov 2019 -
Author:
Martin Schnee -
Pages:
4
JMAT’s H1 results were positively impacted by the good demand for car and truck catalysts, but profitability suffered. The top-line of New Markets was helped by the strong demand for battery materials, but profitability suffered from the investments in the next generation battery material eLNO, which came in more pronounced than expected. Due to the good performance in all other divisions, JMAT’s figures were a notch higher than expected from us, but consensus was met.