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Intertek Group PLC on Tuesday backed its full-year expectations as it noted increasing client demand as a result of increasing sustainability standards. The London-based provider of assurance, testing, inspection and certification services said like-for-like revenue for the four months to October rose 2.2% to £1.17 billion from £1.15 billion a year ago. Corporate Assurance like-for-like revenue saw the biggest increase at 4.5% to £177.3 million from £169.7 million, while World of Energy fell 1.3% to £247.3 million from £250.5 million. Intertek said Corporate Assurance growth was ‘driven by increased investments by our clients to improve the resilience of their supply chains, the continuous focus on ethical supply and the greater need for sustainability assurance.’ Like-for-like revenue for Consumer Products, Health and Safety and Industry and Infrastructure grew 3.2%, 0.2% and 3.7% respectively. Year-to-date like-for-like revenue was up 1.0% to £2.84 billion from £2.81 billion the year prior, or 4.3% in constant currency. The company attributed its growth to ‘divisional mix, pricing, operating leverage linked to growth, disciplined cost control approach and productivity improvements.’ Intertek said it is on track to meet its full-year expectations, including mid-single digit like-for-like revenue growth at constant currency and an over 19% margin progression in the medium term. The company added it expects capital expenditure to between the range of £135 million to £145 million and net finance costs between £51 million to £52 million. ‘Our clients are increasing their focus on risk-based quality assurance to operate with ever-higher quality, safety and sustainability standards in each part of their value chain, triggering greater demand for our solutions,’ said Chief Executive Andre Lacroix. ‘We are confident in the sustainability of the strong performance momentum we have seen in the last few years, and we look forward to another strong performance in 2026. Our confidence is based on the continued increase in demand for our ATIC industry leading solutions and our expectations for a more supportive macroeconomic backdrop,’ Lacroix added. Shares in Intertek fell 4.7% to 4,640.00 pence on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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