Johnson Matthey warns on profit as it announces CEO resignation and exit from battery materials
The company said the outlook for the year to March 2022 is towards the lower end of market expectations due to supply chain woes and labour shortages
Company
Johnson Matthey PLC
LON:JMAT
Johnson Matthey's principal activities are the manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients and the marketing, refining, and fabrication of precious metals.
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Johnson Matthey says current year has started well
Full-year pretax profit fell 22% to £238mln with the second half contributing about 89% of the total
Johnson Matthey, Plug Power team up to develop better performing hydrogen electrolyser technology
The pair aim to build a system that is more durable, better performing and more energy efficient than systems available today
Johnson Matthey agrees deal to build battery materials plant in Finland
The group has also secured a long-term supply of raw materials with Nornickel and SQM
Johnson Matthey to launch review of health business as profits rebound
Profits will be close to £500mln or the top end of market forecasts
Johnson Matthey trims dividend as profits hit by lower catalyst demand in pandemic
The board has approved an interim dividend of 20p per share, compared to 24.5p this time last year
Johnson Matthey hails hydrogen potential while world burns
The catalyst manufacturer has been “a leader in hydrogen for many years”, it said ahead of an online seminar today
Johnson Matthey says sales materially below last year due to lower auto demand
China had driven a recovery in automotive production, while in Europe and the US there has been “a steady ramp up in demand”
Johnson Matthey could face global supply glut by time of eLNO launch, warns analyst
The analysts also said the catalytic converter division is sure to be hit by lower automotive production over the short- to medium-term
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Johnson Matthey cuts dividend and plans 2,500 job cuts amid coronavirus uncertainty
The maker of catalytic converters saw a £60mln impact from the effects of the coronavirus pandemic
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Johnson Matthey to reveal catalytic impact as pandemic stalls new car sales
Babcock International and Talktalk Telecom are also among the notable names in the corporate diary for Thursday
Johnson Matthey and Victrex downgraded to ‘hold’ as Liberum predicts two-year recession for auto chemicals market
The broker said forecasts for a ‘V-shaped’ recovery for global vehicle markets were “over-optimistic” as they feared demand would remain constrained by the “uncertain global economy and job market”
Johnson Matthey to keep all staff on books until June
The group has started to manufacture goggles and visors across its sites for community medical staff and care organisations
Johnson Matthey warns of dent to profits as auto demand hit by coronavirus
On the bright side, the chemicals group revealed that operations in China were bouncing back after the coronavirus lockdown there
Johnson Matthey upgraded to ‘neutral’ as JP Morgan highlights defensive chemicals stocks amid recession fears
The bank said the coronavirus was likely to serve as a “significant headwind” for the sector over the second quarter as well as “significant demand weakness” in the second half of the year
Johnson Matthey's catalysts face “significant” electric vehicles threat, says JPMorgan
The chemicals giant left markets unimpressed last week when it issued a profit warning
Johnson Matthey's debt mushrooms on higher platinum prices
Higher PGM prices led to net debt being worse than expected, up £452mln to £1.5bn versus consensus of £916mln, mainly driven by the significant increase in precious metal working capital and higher capital expenditure
Johnson Matthey keeps guidance unchanged after mixed first quarter
Johnson Matthey also announced that it has appointed a Tate & Lyle executive to lead its clear air division