Report

QuickView: Change for the better

While the drop in the oil price has undermined current profitability, earnings look to be going nowhere for the third successive year. The underlying businesses are cash generative and appear to be of high quality. We view the change of chief executive positively and, although the benefits will emerge over the medium term, the positive initial reaction to the share price looks realistic, with middle and senior management likely to respond positively to the new challenges.
Underlying
Intertek Group plc

Intertek Group provides Assurance, Testing, Inspection and Certification (ATIC) services. Co.'s segments comprised of Products, Trade and Resources. Co.'s products-related division consists of business lines that are focused on quality and safety of physical components and products, as well reducing risk through assessing the operating process and quality management systems of its customers. Co.'s trade division consists of three Global business lines, Cargo & Analytical Assessment, Government & Trade Services, and Agriculture business. Co.'s resources division consists of two business lines, Industry Services, and minerals business.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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