Business
Johnson Matthey full year results
Johnson Matthey full year results.
About this update from Johnson Matthey Plc
[{"type":"text","content":"\n\nPreliminary results for the \nyear ended 31st March 2023\n25th May 2023\n\n\n\n\n\n\nCatalysing the net zero transition to drive value creation\n\n\n\n\n \n\n\n\n\nContinued progress on strategic execution\n\n\n\n\n· \n\n\nResults in line with expectations albeit below the prior year, against a challenging macroeconomic backdrop\n\n\n\n\n· \n\n\nDelivering on strategic milestones\n\n\n\n\n· \n\n\nExecuting on transformation: delivered c.£45 million cost savings in the year and on track for at least £150 million annualised cost savings by 2024/25\n\n\n\n\n· \n\n\nBusiness wins in Catalyst Technologies and Hydrogen Technologies underpin confidence in strong growth prospects\n\n\n\n\n· \n\n\nStrong cash generation and platform wins in Clean Air support long-term £4 billion+ cash generation target\n\n\n\n\n· \n\n\nAccelerating demand for our energy transition solutions supported by government-led investment programmes\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\nReported results\n\n\n \n\n\nUnderlying results (continuing)¹\n\n\n \n\n\n\n\n\n\n\n\n\n\nYear ended\n31st March\n\n\n%\nchange\n\n\n\n\n\nYear ended\n31st March\n\n\n%\nchange\n\n\n% change, constant FX rates\n\n\n \n\n\n\n\n2023\n\n\n2022\n\n\n\n\n\n2023\n\n\n2022\n\n\n \n\n\n\n\nRevenue\n\n\n£m\n\n\n14,933\n\n\n16,025\n\n\n-7\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nSales excluding\nprecious metals³\n\n\n£m\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n4,201\n\n\n3,778\n\n\n+11\n\n\n+6\n\n\n \n\n\n\n\nOperating profit\n\n\n£m\n\n\n406\n\n\n255\n\n\n+59\n\n\n\n\n\n465\n\n\n553\n\n\n-16\n\n\n-21\n\n\n \n\n\n\n\nProfit before tax (continuing)\n\n\n£m\n\n\n344\n\n\n195\n\n\n+76\n\n\n\n\n\n404\n\n\n493\n\n\n-18\n\n\n\n\n\n \n\n\n\n\nProfit after tax (continuing)\n\n\n£m\n\n\n264\n\n\n116\n\n\nn/a\n\n\n\n\n\n326\n\n\n407\n\n\n-20\n\n\n\n\n\n \n\n\n\n\nBasic earnings per share (continuing)\n\n\npence\n\n\n144.2\n\n\n60.9\n\n\nn/a\n\n\n\n\n\n178.6\n\n\n213.2\n\n\n-16\n\n\n\n\n\n \n\n\n\n\nOrdinary dividend\nper share\n\n\npence\n\n\n77...