Report
Emira Sagaama ...
  • Matthias Desmarais

Intertek : Bons résultats et guidance en ligne mais la valorisation nécessite plus

>Résultats en ligne, belle progression de la marge au S2 - Les résultats annuels sont ressortis globalement en ligne avec les attentes. La croissance organique de 3.7% sur l’année est légèrement en dessous de notre estimation (3.9%e), et implique une légère décélération sur les 2 derniers mois de l’année (+4% au S2 vs +4.5% de juillet à octobre). Néanmoins, l’amélioration de la marge de 40 pb yoy à taux de change constant, en ligne avec le S1 malgré l’impact dilutif d...
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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