Johnson Matthey PLC
28 March 2007
For Release at 7.00 am Wednesday 28th March 2007
Johnson Matthey Pre Close Trading Update
Johnson Matthey's financial year ends on 31st March 2007 and its preliminary
announcement of the full year results will be released on 7th June 2007. Prior
to entering its closed period the company is today issuing the following update
on current trading.
'Trading in the second half of Johnson Matthey's financial year has continued in
line with the trading update given on Wednesday 24th January 2007. Catalysts
Division is continuing to deliver good growth with Environmental Catalysts and
Technologies benefiting from increased sales of heavy duty diesel catalysts
following the introduction of new emission regulations in Europe and North
America. Process Catalysts and Technologies has also achieved good growth with
strong sales of synthesis gas catalysts and a good contribution from Davy
Process Technology.
Precious Metal Products Division has had a particularly strong second half with
continuing favourable conditions in the platinum group metal (pgm) markets.
Pharmaceutical Materials is also ahead of last year with continued recovery in
its US business.
On Wednesday 28th February 2007 we completed the sale of our Ceramics Division.
The proceeds from the disposal of the division will be used to buy back shares
and fund bolt-on acquisitions.
Overall, despite adverse exchange translation, Johnson Matthey has achieved good
growth in sales and earnings this year and the outlook for the new financial
year is encouraging.'
Enquiries:
Ian Godwin Director, IR and Corporate Communications 020 7269 8410
John Sheldrick Group Finance Director 020 7269 8408
Howard Lee The HeadLand Consultancy 020 7367 5225
Laura Hickman The HeadLand Consultancy 020 7367 5227
www.matthey.com
This information is provided by RNS
The company news service from the London Stock Exchange
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