Intertek Group (ITRK)

Sector:

Support

Index:

FTSE 100

5,336.00p
   
  • Change Today:
    -62.00p
  • 52 Week High: 6,170.00
  • 52 Week Low: 4,164.00
  • Currency: UK Pounds
  • Shares Issued: 161.39m
  • Volume: 237,113
  • Market Cap: £8,612m
  • RiskGrade: 175

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 5,336.00p
Change Today -62.00p
% Change -1.15 %
52 Week High 6,170.00
52 Week Low 4,164.00
Volume 237,113
Shares Issued 161.39m
Market Cap £8,612m
RiskGrade 175

Intertek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.72% below the market average93.72% below the market average93.72% below the market average93.72% below the market average93.72% below the market average
88.79% below the sector average88.79% below the sector average88.79% below the sector average88.79% below the sector average88.79% below the sector average
Price Trend
27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Income
75.68% below the market average75.68% below the market average75.68% below the market average75.68% below the market average75.68% below the market average
78.08% below the sector average78.08% below the sector average78.08% below the sector average78.08% below the sector average78.08% below the sector average
Growth
8.88% below the market average8.88% below the market average8.88% below the market average8.88% below the market average8.88% below the market average
34.62% below the sector average34.62% below the sector average34.62% below the sector average34.62% below the sector average34.62% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 10
Sell 1
Strong Sell 5
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Intertek Dividends

  Latest Previous
  Final Interim
Ex-Div 21-May-20 26-Sep-19
Paid 11-Jun-20 11-Oct-19
Amount 71.60p 34.20p

Trades for 10-Jul-2020

Time Volume / Share Price
17:13 2,084 @ 5,360.23p
16:35 94,799 @ 5,336.00p
16:29 1 @ 5,348.00p
16:29 1 @ 5,348.00p
16:29 19 @ 5,352.00p

Intertek Key Personnel

Chair David E Reid
CEO Andre Lacroix
CFO Ross McCluskey

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