Intertek : Good performance in H1 and positive outlook
>H1 results a shade higher than expected - Intertek reported its H1 results this morning. Revenues came in at CHF 1,640m, up 9.9%, including a less positive forex effect at 1.6% and a marginal contribution from acquisitions of 1.2%. Organic growth accelerated to 7.1% in H1, beating our expectations (6.5%e) and reflecting an improvement in momentum relative to the first 4 months of the year (vs 6.6% in January-April).The EBITA margin came to 15.0% (£ 245m), in li...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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