An error occurred while processing the template.
The following has evaluated to null or missing:
==> .vars['reserved-article-group-id']  [in template "161555#161602#ARTICLE-PAGE---HERO" at line 14, column 20]

----
Tip: It's the final [] step that caused this error, not those before it.
----
Tip: If the failing expression is known to legally refer to something that's sometimes null or missing, either specify a default value like myOptionalVar!myDefault, or use <#if myOptionalVar??>when-present<#else>when-missing</#if>. (These only cover the last step of the expression; to cover the whole expression, use parenthesis: (myOptionalVar.foo)!myDefault, (myOptionalVar.foo)??
----

----
FTL stack trace ("~" means nesting-related):
	- Failed at: #assign groupId = .vars["reserved-art...  [in template "161555#161602#ARTICLE-PAGE---HERO" at line 14, column 1]
----
1<#assign namespace = randomNamespace /> 
2<#assign JSONFactoryUtil = staticUtil["com.liferay.portal.kernel.json.JSONFactoryUtil"] /> 
3<#assign journalArticleLocalService = serviceLocator.findService("com.liferay.journal.service.JournalArticleLocalService") /> 
4<#assign containerId = randomNamespace /> 
5<#assign shareURL = themeDisplay.getPortalURL()+themeDisplay.getURLCurrent()/> 
6 
7<#-- Auto-assign ALL category to every article --> 
8<#assign assetCategoryLocalService = serviceLocator.findService("com.liferay.asset.kernel.service.AssetCategoryLocalService") /> 
9<#assign assetEntryLocalService = serviceLocator.findService("com.liferay.asset.kernel.service.AssetEntryLocalService") /> 
10<#assign journalArticleLocalService = serviceLocator.findService("com.liferay.journal.service.JournalArticleLocalService") /> 
11  
12<#-- Get current JournalArticle --> 
13<#assign articleId = .vars['reserved-article-id'].data /> 
14<#assign groupId = .vars['reserved-article-group-id'].data?number /> 
15<#assign journalArticle = journalArticleLocalService.getArticle(groupId, articleId) /> 
16  
17<#-- Get AssetEntry for this article --> 
18<#assign assetEntry = assetEntryLocalService.getEntry("com.liferay.journal.model.JournalArticle", journalArticle.getResourcePrimKey()) /> 
19  
20<#-- Your ALL category ID --> 
21<#assign allCategoryId = 4614994 /> 
22  
23<#-- Assign ALL category if not already set --> 
24<#if !assetEntry.getCategories()?seq_contains(assetCategoryLocalService.getCategory(allCategoryId))> 
25    <#assign categoryIds = assetEntry.getCategoryIds() + [allCategoryId] /> 
26    ${assetEntryLocalService.updateEntry( 
27        assetEntry.getUserId(), 
28        assetEntry.getGroupId(), 
29        assetEntry.getClassName(), 
30        assetEntry.getClassPK(), 
31        assetEntry.getUuid(), 
32        assetEntry.getClassTypeId(), 
33        categoryIds, 
34        assetEntry.getTagNames() 
35    )} 
36</#if> 
37 
38<div class="hero jmarticle__hero-main-container"> 
39    <div class="container"> 
40        <div class="row"> 
41            <div class="article__cont"> 
42                <h1 class="article__heading">${Title.getData()}</h1> 
43                <#if (SubTitle.getData())??> 
44                    <p class="article__para"> 
45                        ${SubTitle.getData()} 
46                    </p> 
47                </#if> 
48 
49                <#assign Date_Data=getterUtil.getString(Date.getData())> 
50                <#if validator.isNotNull(Date_Data)> 
51                    <p class="article__date"> 
52                        <#assign Date_DateObj=dateUtil.parseDate("yyyy-MM-dd", Date_Data, locale)> 
53                        ${dateUtil.getDate(Date_DateObj, "dd MMMM yyyy", locale)} 
54                    </p> 
55                </#if> 
56 
57                <#if Link_Title?? && Link_Title.getData()?has_content> 
58                    <#list Link_Title.getSiblings() as cur_Link_Title> 
59						<#if cur_Link_Title?? && cur_Link_Title.getData()?has_content> 
60							<#assign linkHref="#" /> 
61							<#assign target="" /> 
62							 
63							<#assign rowId = containerId + cur_Link_Title?index /> 
64							<#if cur_Link_Title.Link_Internal?? && cur_Link_Title.Link_Internal.getFriendlyUrl()?has_content> 
65								<#assign linkHref=cur_Link_Title.Link_Internal.getFriendlyUrl() /> 
66							<#elseif cur_Link_Title.Link_Media?? && cur_Link_Title.Link_Media.getData()?has_content> 
67								<#assign linkHref=cur_Link_Title.Link_Media.getData() /> 
68							<#elseif cur_Link_Title.Link_Mailto?? && cur_Link_Title.Link_Mailto.getData()?has_content> 
69								<#assign linkHref="mailto:" + cur_Link_Title.Link_Mailto.getData() /> 
70							<#elseif cur_Link_Title.Link_External?? && cur_Link_Title.Link_External.getData()?has_content> 
71								<#assign linkHref=cur_Link_Title.Link_External.getData() /> 
72							</#if> 
73							<#if (cur_Link_Title.Link_Target??) && (cur_Link_Title.Link_Target.getData())?has_content> 
74								<#assign target=cur_Link_Title.Link_Target.getData() /> 
75							</#if> 
76							<div id="blue_button_click_div" data-analytics-asset-type="custom"> 
77								<div class="jmarticle__hero-btn-list"> 
78									<a id="panel_blue_button_${rowId}" class="article__btn" href="${linkHref}" title="${cur_Link_Title.getData()}" target="${target}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)" > 
79										<span class="btn__text">${cur_Link_Title.getData()}</span> 
80										<span class="arrow__forward"></span> 
81									</a> 
82								</div> 
83							</div> 
84						</#if> 
85					</#list> 
86                </#if> 
87				  <div class="article-download-share"> 
88                
89                    <#if PDFTitle?? && PDFTitle.getData()?has_content> 
90                        <#assign title = PDFTitle.getData() /> 
91                        <#assign pdf_link = "#" /> 
92                        <#assign pdfrowId = containerId /> 
93                        <#if PDFTitle.PDF?? && PDFTitle.PDF.getData()?has_content> 
94                            <#assign pdf_link = PDFTitle.PDF.getData() /> 
95                        </#if> 
96                        <div class="article-download"> 
97                            <div id="blue_button_click_div" data-analytics-asset-type="custom"> 
98                                <div class="jmarticle__hero-btn-list"> 
99                                    <a id="panel_blue_button_${pdfrowId}" class="article__btn" href="${pdf_link}" title="${title}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)"> 
100                                        <span class="btn__text">${title}</span> 
101                                        <span class="arrow__forward"></span> 
102                                    </a> 
103                                   <a id="panel_blue_button_${pdfrowId}" class="article__btn-mobile" href="${pdf_link}"             title="${title}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)"> 
104                                       <img src="${themeDisplay.getPathThemeImages()}/new__jm__images/download-white-icon.svg" alt="twitter image"/> 
105                                    </a> 
106                                </div> 
107                            </div> 
108                        </div> 
109                    </#if> 
110                                 
111                </div> 
112                 
113            </div> 
114        </div> 
115       <#if (ImageLarge.getData())?? && ImageLarge.getData() != ""> 
116            <div class="row jmarticle__hero-banner" id="jmarticle__hero-${namespace}"  
117            style="background-image: url(${ImageLarge.getData()})"> 
118        </#if> 
119 
120        </div> 
121    </div> 
122</div> 
123 
124<#if Author?? && Author.getData()?has_content> 
125    <div class="jmarticle__author-info"> 
126        <div class="container"> 
127            <div class="hero__bar"> 
128                     <#list Author.getSiblings() as cur_Author> 
129                            <#if cur_Author?? && cur_Author.getData()?has_content> 
130                                <#assign 
131                                    webContentData = jsonFactoryUtil.createJSONObject(cur_Author.getData()) 
132                                    gId = groupId 
133                                    journalArticle = journalArticleLocalService.getArticleByUrlTitle(gId, webContentData.title) 
134                                    docXML = saxReaderUtil.read(journalArticle.getContent()) 
135 
136                                    fName = docXML.valueOf("//dynamic-element[@name='FullName']/dynamic-content/text()") 
137                                    jobTitle = docXML.valueOf("//dynamic-element[@name='JobTitle']/dynamic-content/text()") 
138                                    role = docXML.valueOf("//dynamic-element[@name='ContactInfo']/dynamic-content/text()") 
139                                    photoXML = docXML.valueOf("//dynamic-element[@name='Photo']/dynamic-content/text()") 
140                                    photoSrc = JSONFactoryUtil.createJSONObject(photoXML).getString("uuid") 
141                                    fullName = docXML.valueOf("//dynamic-element[@name='Title']/dynamic-content/text()") 
142                                    authorImageXML = docXML.valueOf("//dynamic-element[@name='ImageLarge']/dynamic-content/text()") 
143                                    authImageSrc = JSONFactoryUtil.createJSONObject(authorImageXML).getString("uuid") 
144                                    summary = docXML.valueOf("//dynamic-element[@name='Summary']/dynamic-content/text()") 
145                                /> 
146 
147                                    <div class="author"> 
148                                        <figure class="author__image"> 
149                                            <#if authImageSrc?? && authImageSrc?has_content> 
150                                                <img src="/documents/${groupId}/${authImageSrc}" alt="${fullName}" class="author_img_class_new"> 
151                                            <#elseif photoSrc?? && photoSrc?has_content> 
152                                                <img src="/documents/${groupId}/${photoSrc}" alt="${fName}" class="author_img_class_new"> 
153                                            </#if> 
154                                        </figure> 
155                                        <div class="author__details d-flex flex-column"> 
156                                            <h3 class="author__name"> 
157                                                <a rel="author"> 
158                                                    <#if fullName?? && fullName?has_content> 
159                                                        ${fullName} 
160                                                    <#elseif fName?? && fName?has_content> 
161                                                        ${fName} 
162                                                    </#if> 
163                                                </a> 
164                                            </h3> 
165                                            <p class="author__desc text-size-a author_job_title"> 
166                                                <#if jobTitle?? && jobTitle?has_content> 
167                                                    ${jobTitle} 
168                                                </#if> 
169                                            </p> 
170                                            <span> 
171                                                <p class="author__desc text-size-a"> 
172                                                    <#if summary?? && summary?has_content> 
173                                                        ${summary} 
174                                                    </#if> 
175                                                    <#if role?? && role?has_content> 
176                                                        ${role} 
177                                                    </#if> 
178                                                </p> 
179                                            </span> 
180                                        </div> 
181                                        <div> 
182                                            <div class="author__contact"> 
183                                                <ul class="author__contact-list"> 
184                                                </ul> 
185                                            </div> 
186                                        </div> 
187                                    </div> 
188                             </#if> 
189                     </#list> 
190            </div> 
191    	</div> 
192    </div> 
193</#if> 
194 
195 
196 
197<div class="container"> 
198    <div class="row"> 
199        <div class="article__intro"> 
200            <#if (Introduction.getData())??> 
201            	${Introduction.getData()} 
202            </#if> 
203 
204           <div class="article-download-share"> 
205                
206                    <#if PDFTitle?? && PDFTitle.getData()?has_content> 
207                        <#assign title = PDFTitle.getData() /> 
208                        <#assign pdf_link = "#" /> 
209                        <#assign pdfrowId = containerId /> 
210                        <#if PDFTitle.PDF?? && PDFTitle.PDF.getData()?has_content> 
211                            <#assign pdf_link = PDFTitle.PDF.getData() /> 
212                        </#if> 
213                        <div class="article-download"> 
214                            <div id="blue_button_click_div" data-analytics-asset-type="custom"> 
215                                <div class="jmarticle__hero-btn-list"> 
216                                    <a id="panel_blue_button_${pdfrowId}" class="article__btn" href="${pdf_link}" title="${title}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)"> 
217                                        <span class="btn__text">${title}</span> 
218                                        <span class="arrow__forward"></span> 
219                                    </a> 
220                                   <a id="panel_blue_button_${pdfrowId}" class="article__btn-mobile" href="${pdf_link}"             title="${title}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)"> 
221                                       <img src="${themeDisplay.getPathThemeImages()}/new__jm__images/download-white-icon.svg" alt="twitter image"/> 
222                                    </a> 
223                                </div> 
224                            </div> 
225                        </div> 
226                    </#if>               
227                
228                   
229               <div class="article-share"> 
230                   <a href="https://linkedin.com/shareArticle?url=${shareURL}&title=<#if (Title.getData())??>${Title.getData()}</#if>" target="_blank"> 
231                       <img class="socialicons__img" src="${themeDisplay.getPathThemeImages()}/new__jm__images/social_icons-LinkedIN.png" alt="twitter image"/> 
232                    </a> 
233                      <a  href="https://twitter.com/share?url=${shareURL}&text=<#if (Title.getData())??>${Title.getData()}</#if>" target="_blank"> 
234                       <img class="socialicons__img" src="${themeDisplay.getPathThemeImages()}/new__jm__images/social_icons-Twitter.png" alt="twitter image"/> 
235                    </a> 
236                </div> 
237            </div> 
238       
239        </div> 
240    </div> 
241</div> 
242 
243<style> 
244    img.author_img_class_new { 
245        width: 100% !important; 
246        height: 100% !important; 
247        position: absolute; 
248        margin: auto; 
249        top: 0; 
250        bottom: 0; 
251
252     
253    .article__btn:focus-visible { 
254    outline: 2px solid blue !important; 
255
256 
257@media (min-width: 320px) and (max-width: 650px) { 
258	.article__intro li { 
259	   margin-left: -32px !important;		 
260
261	.journal-content-article .container .article__intro { 
262    margin-top: 22px !important; 
263
264
265@media (min-width: 540px) and (max-width: 834px) { 
266    .article__intro li { 
267	      margin-left: -32px !important;		 
268
269    .article__intro { 
270        margin: 60px 15px 0 5px !important;         
271
272
273  
274@media (min-width: 320px) and (max-width: 539px){ 
275.jmarticle__author-info { 
276    padding: 0px 0; 
277
278.jmarticle__author-info .author__image { 
279    width: 39px; 
280    height: 40px; 
281
282 
283.jmarticle__author-info .author__name a { 
284    line-height: 0px; 
285    font-size: 18px !important; 
286    margin-right: 10px; 
287
288 
289.jmarticle__author-info .author__desc { 
290     
291    line-height: 14px; 
292    font-size: 12px !important; 
293    margin-bottom: 7px; 
294
295
296  
297</style> 

 Reported results  Year ended 31st March %
   2018  2017  change
 Revenue  £ million  14,122  12,031  +17
 Operating profit  £ million  359  493  -27
 Profit before tax (PBT)  £ million  320  462  -31
 Earnings before tax (EBT)  Pence  155.2  201.2  -23
 Ordinary dividend share  Pence  80.0  75.0  +7

 

Underlying performance1 Year ended 31st March   % change,
 constant rates2
       %
   2018  2017  change
 Sales excluding precious metals (Sales)  £ million   3,846  3,578  +8  +7
 Operating profit  £ million  525  513  +2  -
 Profit before tax  £ million  486  482  +1  -1
 Earnings per share  Pence  208.4  209.1  -  

 

Underlying performance
  • - Sales grew 7% at constant rates2, slightly ahead of our expectations with 8% growth in the second half
  • - Underlying operating profit was flat at constant rates, impacted by the US post-retirement medical plan credit in the prior period. Excluding this, operating profit grew 4%3
  • - Underlying EPS was flat as translational FX benefits were offset by higher net finance charges and a higher underlying tax rate
  • - Free cash flow of £136 million (2016/17: £230 million) was impacted by the expected working capital outflow
  • - Average working capital days excluding precious metals reduced by 7 days for the year to 62 days
  • - Return on invested capital (ROIC) decreased from 18.2% to 16.4%, mainly due to an increase in the UK pension fund asset and higher precious metal working capital through the year
  • - Strong balance sheet with net debt of £679 million; net debt (including post tax pension deficits) to EBITDA of 1.1 times

 

Robert MacLeod, Chief Executive, commented:

“We 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.

Clean Air had another strong year, delivering strong top and bottom line growth. We improved the quality of our Efficient Natural Resources business and in Health we continued to progress our substantial API pipeline and are better positioned as we optimise our manufacturing footprint. The further development of eLNOTM, our next generation battery material, was a highlight of the year and I am excited about the speed of progress we are making and the plans we have to commercialise this product.

We have taken significant steps in running our businesses more effectively, delivering cost savings and becoming more agile and responsive to our customers. Our strong balance sheet continues to give us the flexibility to invest in our business, to maintain and extend our science and technology leadership supported by an optimised manufacturing footprint.

We are proposing an increase in the final dividend of 7%, reflecting our confidence in the prospects of Johnson Matthey.

In the coming year we expect mid to high single digit growth in operating performance. The changes we are making as we continue to develop our business give me confidence in our strategy to deliver, over the medium term, mid to high single digit EPS CAGR, expanding ROIC to 20% and, as a result, a progressive dividend."

 

Enquiries

Investor relations

Martin Dunwoodie Director of Investor Relations 020 7269 8241

Simon McGough Head of Investor Relations 020 7269 8235

Katharine Burrow Investor Relations Manager 020 7269 8444

Media

Sally Jones Director of Corporate Relations 020 7269 8407

Latika Shah Tulchan Communications 020 7353 4200

 

Footnotes

1. Underlying is before amortisation of acquired intangibles, major impairment and restructuring charges, profit or loss on disposal of businesses, gain or loss on significant legal proceedings together with associated legal costs, significant tax rate changes and, where relevant, related tax effects.

2. Unless otherwise stated, sales and operating profit commentary refers to performance at constant rates. Growth at constant rates excludes the translation impact of foreign exchange movements, with 2016/17 results converted at 2017/18 average exchange rates.

3. See page 18 for further details of performance excluding the 2016/17 US post-retirement medical plan credit.

eLNO is a trademark of the Johnson Matthey group of companies.

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