|
Intertek Group PLC on Thursday reported a small uptick in revenue at the start of 2025, as it expects corporations to invest more in quality, safety and sustainability. The London-based assurance, inspection, product testing and certification company said revenue grew 1.2% to £1.09 billion in the first four months of 2025 from £1.08 billion a year prior. The company said revenue grew 4.6% at constant currency exchange rates, with the lower actual growth reflecting foreign exchange movements. For its Consumer Products division, Intertek reported revenue of £310.0 million, up 3.8% from £298.7 million. At constant currency, like-for-like revenue in the unit was up 7.8%. ‘The value growth opportunity for all Intertek stakeholders moving forward is significant. Our industry has always benefitted from attractive growth drivers, and now more than ever everyone wants to build an ever-better world which means that corporations will invest more in quality, safety and sustainability, accelerating the demand for our industry-leading Assurance, Testing, Inspection & Certification solutions,’ the company said. Looking ahead, Intertek expects the unit to continue to deliver mid-single digit like-for-like revenue growth at constant currency. ‘We are uniquely positioned to help companies navigate the current environment, capitalising on our data-driven insights and technical expertise in each of the industries we operate in. Intertek is a true pioneer in the total quality assurance market, always anticipating the needs of clients and bringing to market industry-leading innovations with agility and pace to accelerate growth,’ Intertek said. Intertek shares were down 4.3% to 4,708.00 pence each on Thursday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
