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Johnson Matthey ( (GB:JMAT) ) has provided an update.
Johnson Matthey announced its ongoing transformation strategy, emphasizing cost reduction, capital discipline, and portfolio rationalization to drive value. The company plans to significantly enhance cash generation and return on capital, including reducing capital expenditure in hydrogen technologies and forming an Investment Committee to oversee financial decisions. The company has achieved notable cost savings, secured growth opportunities, and improved margins in key business areas. Despite challenging market conditions, it has outperformed its peers in total shareholder returns since the CEO’s appointment in 2022.
More about Johnson Matthey
Johnson Matthey is a global leader in sustainable technologies, specializing in advanced materials and precious metals services. The company focuses on delivering market-leading solutions across various sectors, including clean air, catalyst technologies, and hydrogen technologies.
YTD Price Performance: 2.69%
Average Trading Volume: 744,645
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.3B
For detailed information about JMAT stock, go to TipRanks’ Stock Analysis page.
