Business
Half year results
Half year results.
About this update from Johnson Matthey Plc
[{"type":"text","content":"\n \nRNS Number : 0359X Johnson Matthey PLC 21 November 2017 \n \n\nHalf year results for the six months ended 30th September 2017\nStrong operational momentum continued and full year outlook confirmed\n \n\n\n\n\nFinancial information\n\n\nHalf year ended\n30th September\n\n\n% change\n\n\n\n\n2017\n\n\n2016\n\n\n\n\nRevenue\n\n\n£ million\n\n\n6,478\n\n\n5,625\n\n\n+15\n\n\n\n\nOperating profit\n\n\n£ million\n\n\n221.9\n\n\n226.5\n\n\n-2\n\n\n\n\nProfit before tax (PBT)\n\n\n£ million\n\n\n204.7\n\n\n210.0\n\n\n-3\n\n\n\n\nEarnings per share (EPS)\n\n\npence\n\n\n87.9\n\n\n92.7\n\n\n-5\n\n\n\n\nInterim dividend per share\n\n\npence\n\n\n21.75\n\n\n20.5\n\n\n+6\n\n\n\n\n \n\n\n\n\nUnderlying1 performance\n\n\nHalf year ended\n30th September\n\n\n% change\n\n\n% change, constant rates2\n\n\n\n\n2017\n\n\n2016\n\n\n \n\n\n \n\n\n\n\nSales excluding precious metals (Sales) \n\n\n£ million\n\n\n1,853\n\n\n1,676\n\n\n+11\n\n\n+5\n\n\n\n\nOperating profit \n\n\n£ million\n\n\n250.3\n\n\n236.1\n\n\n+6\n\n\n-1\n\n\n\n\nProfit before tax \n\n\n£ million\n\n\n233.1\n\n\n219.6\n\n\n+6\n\n\n-\n\n\n\n\nEarnings per share\n\n\npence\n\n\n99.8\n\n\n96.4\n\n\n+4\n\n\n \n\n\n\n \n \n \n \n \n \n \n\n\n\nFor notes see page 2\n \nFinancial highlights\n· Reported revenue up 15%, driven by higher pgm prices and a £179 million translational FX benefit\n· Reported operating profit down 2%, with £18 million translational FX benefit offset by one-off charges related to our restructuring programme\n· Reported EPS down 5% to 87.9 pence\n· Underlying sales growth 5% at constant rates2 and full year sales growth guidance is unchanged\n· Underlying operating profit down 1% at constant rates, impacted by the US post-retirement medical plan credit in the prior period. Excluding this, operating profit grew in line with sales growth. Full year outlook confirmed\n· Underlying EPS up 4% to 99.8 pence \n· Interim dividend up 6% to 21.75 pence reflecting confidence in medium term outlook\n· Cash inflow from operating activities of £7.8 million. In September, ...