JMAT’s preliminary FY figures were surprisingly strong as Clean Air, highly linked to vehicle production, generated higher sales and profitability. The division enlarged its share in European light duty diesel cars to c.65% and outpaced the local production in sales terms (incl. higher pgm prices). Efficient Natural Resources also made a strong contribution to profitability. JMAT’s FY figures were above our expectations, but broadly in-line with consensus.
30 May 2019
Crisis? What crisis?
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Crisis? What crisis?
Johnson Matthey Plc (JMAT:LON) | 1,784 107.1 0.3% | Mkt Cap: 3,274m
- Published:
30 May 2019 -
Author:
Martin Schnee -
Pages:
3
JMAT’s preliminary FY figures were surprisingly strong as Clean Air, highly linked to vehicle production, generated higher sales and profitability. The division enlarged its share in European light duty diesel cars to c.65% and outpaced the local production in sales terms (incl. higher pgm prices). Efficient Natural Resources also made a strong contribution to profitability. JMAT’s FY figures were above our expectations, but broadly in-line with consensus.