Johnson Matthey Annual Results 2012

Johnson Matthey continued its strong performance in 2011/12 with good growth across all three divisions. For the group as a whole, revenue was up 20% to £12 billion and sales were £2.7 billion, 17% higher than last year. Underlying operating profit was 23% higher at £450.1 million, while underlying profit before tax was also 23% up at £426.0 million. The group’s underlying return on sales increased to 16.8% from 16.1% last year, primarily due to operational leverage, particularly in our heavy duty diesel catalyst business, and the excellent performance from our higher margin DPT business.