Intertek : Good results and guidance in line but the valuation needs more
>Results in line, good increase in margins in H2 - The full-year results are broadly in line with forecasts. The organic growth rate of 3.7% for the full year is a shade lower than our estimate of 3.9% and suggests a slight slowdown over the last two months of the year (+4% in H2 vs +4.5% from July to October). Nevertheless, the +40bp improvement in the margin y-o-y at constant forex, in line with H1 despite the dilutive impact of the acquisition of Alchemy in H2, is ...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.