Intertek : Reassuring results that support our positive opinion on the stock
>Highlights of the conference call - Management discussed the performances of its various divisions and issued a little guidance for 2023. In H1, the group recorded a sequential acceleration in organic growth to 7.9% in May-June after 6.6% in January-April.Price effect: around one-thirds of the business mix (c.2.4%) is fairly comparable to BVI, less important than SGS (c.4.5%). The divisions set to drive growth are Corporate Insurance (14% of sales) thanks to ve...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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