Intertek : A good start to the year - 2024 guidance confirmed
>Sales (Jan. to April) beat forecasts on an organic basis, a welcome surprise in consumer products, health & safety, and world of energy - This morning, Intertek published a quarterly trading statement (Jan-Apr.). Sales were £ 1,081m up 2.0% a shade above our forecasts (£ 1,067m) and the VA cons. (£ 1,079m). The group reported organic growth of 7.0%, beating our forecast of 6.1%e and the VA consensus at 5.7%, a shade below BVI (8.0%) and in line with SGS (7.1%) in Q1 ...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.
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