Annual Report 2018

2017/18 was a good year for JM. We delivered what we said we would, and built foundations for future growth.

£ 3846 m
sales, up 7%
£ 525 m
underlying operating profit
> 85 %
products contributing to the SDGs

Investing in our science

World class science and technology is at our core. In a world which is becoming increasingly challenging, our expertise is in science and our ability to scale it up is a competitive advantage. That competitive advantage enables us to build close collaborative relationships with current and future customers.

£ 193 m
gross R&D spend
R&D staff

Delighting our customers

Collaboration and strong relationships with our customers are crucial in providing a high quality tailored service. Together, we put our inspiring science to work to enhance life.

£ 3846 m
sales, up 7%
£ 525 m
underlying operating profit

Running our business better

Our vision for a cleaner, healthier world demands us to operate our business responsibly and with a relentless focus on efficiency and excellence. This cuts across everything we do: from common systems and core processes to the way we manage and drive the environmental performance of our assets.

average working capital days, excluding precious metals
£ 136 m
free cash flow

Supporting our people

Our people are key in delivering our strategy and achieving our vision. We want to harness their commitment to our sustainability goals. At the same time, we want them to be confident that they are coming to work in a safe and healthy environment, with a strong ethical culture, clear values and a positive approach to diversity and inclusion.

lost time and illness rate (flat)
61 %
employee engagement

Creating value for our shareholders

Johnson Matthey had a good year. We have made significant progress in executing our strategy and delivered a financial performance in line with our expectations at the start of the year.

16.4 %
attractive return on invested capital
80 p
progressive dividend, up 7%


Download the full PDF of our Annual Report and Accounts, 2018.