Intertek : A 2023 margin above forecasts, robust balance sheet, greater payout ratio
>2023 earnings a shade ahead of estimates - The group reported its full-year results this morning. Revenues came to £ 3,329m in line with our estimates (£ 3,317m) and those of the consensus (£ 3,327m) up 4.3%, including organic growth of 6.2% in line with our forecasts (6.1%e). The continuing negative forex effect is at -2.8% (ODDO BHF 3.1%e). The scope effect stood at 0.9% (ODDO BHF 0.8%e).By division, consumer products (29% of sales): at 1.3% organic in line wi...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.