Intertek Group (ITRK)

Sector:

Support

Index:

FTSE 100

6,418.00p
   
  • Change Today:
      74.00p
  • 52 Week High: 6,478.00
  • 52 Week Low: 4,164.00
  • Currency: UK Pounds
  • Shares Issued: 161.39m
  • Volume: 553,727
  • Market Cap: £10,358m
  • RiskGrade: 141

Intertek warns of coronavirus impact on supply chains and trade

By Sean Farrell

Date: Tuesday 03 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Intertek posted a 5.2% increase in annual operating profit but said its performance in 2020 would be affected by the coronavirus outbreak's effect on supply chains and global trade.
Adjusted operating profit for the year to 3 March at constant currency rose to £513.3m from £481.8m as revenue increased 4.8% to £2.99bn. Based on actual currency rates operating profit rose 6.5% and revenue increased 6.6%. Reported pretax profit rose to £445.1m from £404.5m.

The FTSE 100 product testing company said before the coronavirus outbreak it had expected a continuation of the trends in 2019 but that it would be affected by disruption to clients' supply chains in China and any reduction in international trade. The company said it was too early to quantify the impact on its business.

For 2019 Intertek reported broad-based organic growth enhanced by acquisitions. The products business, which accounts for more than three-quarters of profit, increased organic revenue by 2.3%. Organic revenue rose 4.1% at the trade business and 5.7% at resources, Intertek's smallest division.

Intertek joins a string of international businesses warning about the effects of the coronavirus outbreak as countries scramble to contain and manage the disease. The shutdown of factories in China has affected supplies of products and components for companies ranging from Jaguar Land Rover to Apple.

Intertek Chief Executive André Lacroix said: "Intertek is not immune to the impact of the novel coronavirus and our 2020 performance will be affected by the temporary disruption to the supply chains of our clients in China and any impact it might have on global trade activities. It is too early to quantify the impact of the novel coronavirus."

Lacroix said before the outbreak Intertek was targeting broad-based good revenue growth, good organic growth in products and trade, robust growth in resources, moderate margin progression and strong cash conversion.

The company increased its annual dividend by 6.8% to 105.8p a share.

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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 6,418.00p
Change Today 74.00p
% Change 1.17 %
52 Week High 6,478.00
52 Week Low 4,164.00
Volume 553,727
Shares Issued 161.39m
Market Cap £10,358m
RiskGrade 141

Intertek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.53% below the market average94.53% below the market average94.53% below the market average94.53% below the market average94.53% below the market average
94.44% below the sector average94.44% below the sector average94.44% below the sector average94.44% below the sector average94.44% below the sector average
Price Trend
71.80% above the market average71.80% above the market average71.80% above the market average71.80% above the market average71.80% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
82.47% below the market average82.47% below the market average82.47% below the market average82.47% below the market average82.47% below the market average
80.28% below the sector average80.28% below the sector average80.28% below the sector average80.28% below the sector average80.28% below the sector average
Growth
2.63% below the market average2.63% below the market average2.63% below the market average2.63% below the market average2.63% below the market average
28.3% below the sector average28.3% below the sector average28.3% below the sector average28.3% below the sector average28.3% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 9
Sell 0
Strong Sell 5
Total 17
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
  Interim Final
Ex-Div 17-Sep-20 21-May-20
Paid 08-Oct-20 11-Jun-20
Amount 34.20p 71.60p

Trades for 18-Sep-2020

Time Volume / Share Price
16:35 1,231 @ 6,418.00p
16:35 432 @ 6,418.00p
16:35 92 @ 6,418.00p
16:35 244,733 @ 6,418.00p
16:29 3 @ 6,444.00p

Intertek Key Personnel

Chair David E Reid
CEO Andre Lacroix
CFO Ross McCluskey

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