The specialty chemicals firm reaffirms its 2027/28 margin guidance after posting double-digit earnings growth.
Johnson Matthey reported full-year non-GAAP EPS of 128.50p on revenue of £12.57 billion, up 14.1% year-on-year. The Clean Air division delivered a 14.5% underlying operating margin, a 270 basis-point improvement from the prior year.
The company’s revenue growth outpaced the previous year’s 8.3% increase, while margins in its key segment expanded for the second consecutive year. Management reiterated its 2027/28 guidance, targeting a 16% to 18% operating margin in Clean Air.
Shares showed limited movement in early trading as investors digested the results against steady guidance.