"JMAT’s preliminary FY figures saw sales unchanged at £3,177m (ex precious metal trading), but the operating profit dropped 21% to £419m, suffering from higher impairment and restructuring charges. Net income attributable to shareholders declined from £427m to £326m. Operating CF swelled up from £126m to £867m, predominantly forced by NWC’s swing from £-387m to £411m, which was mainly attributable to lower inventories and receivables. Investing CF (£-32m after £-154m) benefited from higher net divestment proceeds." AlphaValue's note out this morning on Research Tree
Welcome to the new Johnson Matthey stream forum! Messages posted in the Johnson Matthey stream will be logged here for posterity.
Latest from the Community...
Latest from the Community...
Latest from the Community...