Intertek Group (ITRK)

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Index:

FTSE 100

5,504.00p
   
  • Change Today:
      88.00p
  • 52 Week High: 5,962.00
  • 52 Week Low: 4,509.00
  • Currency: UK Pounds
  • Shares Issued: 161.39m
  • Volume: 339,931
  • Market Cap: £8,883m
  • RiskGrade: 116
  • Beta: 1.21

Intertek's profits climb as acquisitions bolster organic growth

By Duncan Ferris

Date: Thursday 01 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Intertek on Thursday reported increases in interim profit and revenue after organic growth was supplemented by contributions from new acquisitions in high-margin sectors.
The inspection, product testing and certification company said profit before tax for the six month period ended 30 June came in at £205.3m, an increase of 4.4% compared to the year before, while overall revenue climbed by 7.0% to £1.4bn and organic sales rose by 5.1% at actual rates to £1.4bn.

Each of the company's three divisions enjoyed growth, with the largest, the products division, registering the most significant step up as it registered 7.6% revenue growth to £866.8m.

Meanwhile, the FTSE 100 listed company said 1.9% of its revenue growth was contributed by acquisitions made in January last year, with particularly strong progress having been made at Alchemy, which offers people assurance services to clients in North America.

Consequently, Intertek hiked its interim dividend from 31.9p to 34.2p.

Looking ahead, the company said it was well positioned to deliver good organic revenue growth with moderate margin progression in the current year, with good organic revenue growth in each of its three divisions: products, trade and resources.

Analysts at Shore Capital said the results were "robust", with revenue, profit before tax and earnings per share all coming in slightly higher than forecasts and leaving the analysts poised to "push through a modest upgrade on these results for the full year".

Intertek's shares were up 2.24% at 5,836.00p at 0912 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Intertek Market Data

Currency UK Pounds
Share Price 5,504.00p
Change Today 88.00p
% Change 1.62 %
52 Week High 5,962.00
52 Week Low 4,509.00
Volume 339,931
Shares Issued 161.39m
Market Cap £8,883m
Beta 1.21
RiskGrade 116

Intertek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.05% below the market average98.05% below the market average98.05% below the market average98.05% below the market average98.05% below the market average
95.04% below the sector average95.04% below the sector average95.04% below the sector average95.04% below the sector average95.04% below the sector average
Price Trend
68.94% above the market average68.94% above the market average68.94% above the market average68.94% above the market average68.94% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
78.53% below the market average78.53% below the market average78.53% below the market average78.53% below the market average78.53% below the market average
86.05% below the sector average86.05% below the sector average86.05% below the sector average86.05% below the sector average86.05% below the sector average
Growth
37.13% below the market average37.13% below the market average37.13% below the market average37.13% below the market average37.13% below the market average
41.88% below the sector average41.88% below the sector average41.88% below the sector average41.88% below the sector average41.88% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 6
Sell 1
Strong Sell 7
Total 15
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Intertek Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 16-May-19
Paid 11-Oct-19 04-Jun-19
Amount 34.20p 67.20p

Trades for 22-Nov-2019

Time Volume / Share Price
16:35 117,203 @ 5,504.00p
16:29 48 @ 5,520.00p
16:29 232 @ 5,522.00p
16:29 262 @ 5,522.00p
16:29 290 @ 5,518.00p

Intertek Key Personnel

Chair David E Reid
CEO Andre Lacroix

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