Report
Emira Sagaama ...
  • Matthias Desmarais

Intertek : Negative impact of the trade war but support from resources

>Beginning of H2 underpinned by resources - Organic growth over the first four months of H2 reached 3.6%, i.e. reflecting a slight acceleration vs 3% in H1 whilst the comparative base is complicated (4.5% over the same period in 2018). The forex effect has had a positive impact to the tune of 3.4%, with an external growth contribution of +0.9%. By division, products posted modest sequential growth of 2.6% (vs 2.1% in H1), despite the challenging comparative base (+6.1...
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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