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Johnson Matthey hosted a Catalyst Technologies seminar for investors and analysts on 27 June 2023. The company announced targets for its Catalyst Technologies business, including high single-digit sales growth in the short-term accelerating to mid-teens growth over the medium to long-term. Johnson Matthey also targeted underlying operating margin returning to mid-teens by the end of 2024/25 and high teens by the end of 2027/28.
| Date | 27 Jun 2023 |
| Time | 07:00:03 |
| Category | Miscellaneous |
| ID | 9579D |
Johnson Matthey:
Catalyst Technologies seminar
27th June 2023
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Enabling the net zero transition |
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Johnson Matthey is today hosting a Catalyst Technologies seminar for investors and analysts. |
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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. |
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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. |
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We are now targeting: |
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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 |
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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 |
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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 |
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ENDS |
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Enquiries: |
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Investor Relations |
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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 |
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Media |
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Barney Wyld Harry Cameron |
Group Corporate Affairs Director Teneo |
+44 20 7269 8001 +44 7799 152148 |
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Johnson Matthey Plc is listed on the London Stock Exchange (JMAT) |
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Registered in England & Wales number: 00033774 |
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Legal Entity Identifier number: 2138001AVBSD1HSC6Z10 |