Report
Emira Sagaama ...
  • Matthias Desmarais

Intertek : A slower start to the year but H2 should be better

>Start of the year slower than expected - Organic growth for the first four months of the year came to 3.3%, marking a sequential slowdown compared with H2 2018 (3.9%). While this was anticipated given the comparison base, it was more marked than expected (ODDO BHF estimate was for 3.7% in H1 2019). The forex effect contributed 2 points of growth, in line with our estimates for H1, but the M&A effect was greater (2% vs our forecast of 1.4% in H1). The pro...
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
Oddo BHF
Oddo BHF

​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.

Analysts
Emira Sagaama

Matthias Desmarais

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