Business
Final Results
Final Results.
About this update from Johnson Matthey Plc
[{"type":"text","content":"\n \nRNS Number : 7793G Johnson Matthey PLC 01 June 2017 \n\nPreliminary results for the year ended 31st March 2017\nImproving performance with stronger second half and full year results in line with expectations\n \n\n\n\n\nFinancial information\n\n\nYear ended 31st March\n\n\n% change\n\n\n\n\n2017\n\n\n2016\n\n\n\n\nRevenue\n\n\n£ million\n\n\n12,031\n\n\n10,714\n\n\n+12\n\n\n\n\nOperating profit\n\n\n£ million\n\n\n493.2\n\n\n418.9\n\n\n+18\n\n\n\n\nProfit before tax (PBT)\n\n\n£ million\n\n\n461.6\n\n\n386.3\n\n\n+19\n\n\n\n\nEarnings per share (EPS)\n\n\npence\n\n\n201.2\n\n\n166.2\n\n\n+21\n\n\n\n\nOrdinary dividend per share\n\n\npence\n\n\n75.0\n\n\n71.5\n\n\n+5\n\n\n\n\n \n\n\n\n\nUnderlying1 performance\n\n\nYear ended 31st March\n\n\n% change\n\n\n% change, continuing businesses2 at constant rates3\n\n\n\n\n2017\n\n\n2016\n\n\n\n\nSales excluding precious metals (Sales) \n\n\n£ million\n\n\n3,578\n\n\n3,177\n\n\n+13\n\n\n+3\n\n\n\n\nOperating profit \n\n\n£ million\n\n\n513.3\n\n\n450.8\n\n\n+14\n\n\n-\n\n\n\n\nProfit before tax \n\n\n£ million\n\n\n481.7\n\n\n418.2\n\n\n+15\n\n\n+1\n\n\n\n\nEarnings per share\n\n\npence\n\n\n209.1\n\n\n178.7\n\n\n+17\n\n\n \n\n\n\n\nFor notes see page 2\n \nHighlights of the year ended 31st March 2017\n· Revenue up 12% to £12,031 million and operating profit up 18% to £493.2 million including translational FX benefit of £721 million and £69 million respectively \n· At constant rates3, sales for continuing businesses2 grew 3% with underlying1 PBT up 1% \n· In H2, at constant rates, sales for continuing businesses grew 6% and underlying operating profit grew 4%\n· As a result of the restructuring programme announced in 2015/16, costs were reduced by £26 million, primarily in Process Technologies and Fuel Cells\n· EPS up 21% at 201.2 pence and underlying EPS up 17% at 209.1 pence\n· Cash flow from operating activities of £523 million and free cash flow of £230 million. Working capital days4 reduced from 56 to 54 days\n· Capex and R&D spend to drive future growth: capex was £265 million, 1.7 times depreciation, with gross R&D £201&n...