Johnson Matthey(US:JMPLY)2020-11-19 18:12Financial Performance - Group sales decreased by 20% to £1,679 million[16] - Underlying operating profit decreased by 42% to £151 million[21] - Free cash flow improved significantly to £256 million from (£382) million[58] - Net debt improved to £878 million from £1100 million in March 2020[56] - Interim dividend per share decreased by 18% to 200p[44] Business Segment Performance - Clean Air sales decreased by 27% to £1,003 million, and operating profit decreased by 56%[25] - Efficient Natural Resources sales decreased by 10% to £446 million, and operating profit decreased by 12%[33, 34] - Health sales increased by 8% to £119 million, but operating profit decreased by 21%[38, 39] - New Markets sales decreased by 8% to £168 million, but Fuel Cells sales grew strongly by 30% to £19 million[41, 84] Strategic Initiatives - On track to deliver total annualised cost savings of approximately £225 million by 2022/23[51] - Precious metal working capital backlog reduced by approximately £400 million since 2019/20[52] - Capex expected to be up to £400 million[60]