Johnson Matthey plc (LON:JMAT) is today hosting a Catalyst Technologies seminar for investors and analysts.
We will provide greater insight in the vital role our Catalyst Technologies business plays in the energy transition, which is creating significant growth opportunities for Johnson Matthey.
Besides our current core catalyst business, we have a growing pipeline of more than 100 large scale sustainable technology projects with a total addressable market estimated to be worth c.£6.5bn by 2030, across low carbon hydrogen and sustainable aviation fuel.
We are now targeting:
·High single digit sales growth in the short-term for our Catalyst Technologies business, accelerating to mid-teens growth over the medium to long-term as these new opportunities scale
· Underlying operating margin returning to mid-teens within two years (by end of 2024/25), and high teens within five years (by end of 2027/28). We expect continued margin accretion over the long-term as the proportion of licensing in the portfolio increases
The audio webcast will begin at 13:00 BST and interested parties can register for the event through Johnson Matthey’s website: https://matthey.com/investors/results-reports-and-presentations
