Intertek post trading update

May 23, 2019

IIOA member Intertek deliver their trading update for the period 1 January to 30 April 2019.

Revenue rose 5.3% at constant currency to 924.3m GBP (7.3% actual).

Within these results, the Products Division achieved 5.5% (constant currency) growth. Intertek notes that the Business Assurance business in the Products Division, ‘delivered good organic revenue growth as we continue to benefit from the increased focus of corporations on risk management, resulting in strong growth in Supply Chain Audits and increased consumer and government focus on ethical and sustainable supply.’

In terms of the mid-long term outlook for the Products Division, Intertek comments that, ‘Our Products division will benefit from mid to long-term structural growth drivers including product variety, brand and supply chain expansion, product innovation and regulation, the growing demand for quality and sustainability from developed and emerging economies, the acceleration of e-commerce as a sales channel, and the increased corporate focus on risk.’

Further details can be seen here