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Intertek Group PLC on Tuesday reported strong progress in 2021, highlighting that global supply chain disruption meant the need for safety and sustainability assurance ‘more critical than ever’.
For 2021, pretax profit was £413.4 million, up 20% from £343.9 million in 2020 on revenue of £2.79 billion, up 1.9% from £2.74 billion.
Intertek declared a 2021 dividend of 105.8p, unchanged from 2020.
Chief Executive Andre Lacroix said: ‘The Covid-19 pandemic has made the case for total quality assurance clearer and stronger for our clients and we expect the $250 billion global quality assurance market to grow faster post-Covid.
‘Moving forward, all stakeholders in society expect governments and corporations to build back a better world with a sharper focus on end-to-end quality assurance.’
Looking ahead, Intertek said it was well-positioned to generate robust like-for-like revenue growth at constant rates, margin progression, and strong free cash flow in 2022.
Shares in Intertek were down 0.7% in London on Tuesday at 5,346.00 pence each.
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