Is Q1 in line with expectations for Johnson Matthey?
28 July 2017
The year has started as we expected with low single-digit sales growth at constant rates and double-digit reported sales growth.
Sales performance was strongest in our Clean Air sector as we again outperformed vehicle production in most markets.
Sales in Efficient Natural Resources grew slightly with growth in our services businesses but with a decline in manufacturing sales which we expect to recover in Q2.
Our Health business has also shown a slight growth. The performance of our new API products is encouraging and development of a broader API product portfolio will be the driver of improved medium-term performance for the sector.
Our guidance for year end 31st March 2018 is unchanged. Johnson Matthey's move to four sectors (Clean Air, Efficient Natural Resources, Health and New Markets) has improved our focus on the key growth trends and we remain confident that through inspiring science and enhancing life, Johnson Matthey will create value.
To find out more please read the full announcement.