Johnson Matthey H1 2023 Earnings: Better Than Expected


Johnson Matthey (Lon: JMAT) Results H1 2023

main financial results

  • Revenue: UK £7.33 billion (down 15% from the first half of 2022).

  • Net Income: UK £150.0m (compared to UK £28.0m loss in 1H 2022).

  • Profit margin: 2.0% (above net loss in 1H 2022). The shift to profitability was driven by lower costs.

  • EPS: UK £0.82 (compared to a loss of UK £0.14 in 1H 2022).

profit and sales growth

All figures in the chart above are for the last 12 months (TTM) period

Johnson Matthey’s revenue and profit exceeded expectations

Revenue beat analyst estimates by 7.7%. Earnings per share (EPS) also beat analyst estimates.

Looking ahead, turnover is expected to decline by an average of 14% per annum over the next 3 years, while turnover in the UK chemical industry is expected to remain flat.

Display of British chemical industry.

Shares of the company are up 5.7% since a week ago.

risk analysis

What about the risks? every company has, and we’ve seen 1 warning sign for Johnson Mathieu You should know this.

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