Johnson Matthey Projected to Benefit from Focuse on Hydrogen Technology

UK-based Johnson Matthey (LSE: JMAT) is focusing on its green hydrogen-related business. The company is a provider of catalyst-coated membranes (CCMs) that are used in PEM electrolyzers, facilitating the electrochemical reactions to take place and enabling hydrogen to be produced.

According to Visible Alpha consensus, within Johnson Matthey’s hydrogen technology segment, the company is expected to see its hydrogen technology revenue surge, growing by an estimated 66% year over year in FY 2024, reaching £91 million, and continuing to see solid growth through FY 2028. In addition, based on consensus, Johnson Matthey’s hydrogen technology segment is projected to become profitable by FY 2026, generating a non-GAAP operating income of £3.4 million.

Sector: Materials
Industry: Specialty Chemicals
VA Ticker(s): JMAT_UK