Intertek : Margin well above our forecasts and the consensus - guidance confirmed
>A positive trajectory for organic growth and the margin - The group reported this morning its H1 earnings. Sales came to £ 1,670m, in line with forecasts, up 1.8%, including a negative forex effect at -4.8% (vs -5.0%e) and a marginal contribution from acquisitions at 0.5% (vs 0.5%e). We had forecast £ 1,666m and the consensus £ 1,674m. Organic growth stands at 6.1%, a shade above our forecast (5.7%e) and the consensus (5.7%)All divisions are showing brisk moment...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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