Intertek 2024 full year results

IIOA member Intertek’s 2024 full year results sees revenue increase to 3,393m GBP, a 1.9% increase, 6.6% increase at constant currency.

Intertek comments on the growth drivers as:

‘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 ATIC solutions.

Indeed, our customer research shows the well-known attractive structural growth drivers in the Risk-based Quality Assurance industry will be augmented by:

• The need to operate with safer and more resilient supply chains
• Continued investments in new products and services
• A step-change in managing Sustainability
• Increased investment in Oil & Gas (‘O&G’) and renewables.

Within the results, the Corporate Assurance Division saw a 3.9% growth in revenue, 8.6% at constant currency. Intertek attributes this growth to, ‘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.’

For the medium to long term Intertek anticipates the Corporate Assurance division,  ‘will benefit from a greater corporate focus on sustainability, the need for increased supply chain resilience, enterprise cyber-security, People Assurance services and regulatory assurance.’

The Intertek Full Year 2024 Results Announcement can be viewed here.