Report
Emira Sagaama ...
  • Matthias Desmarais

Intertek : Resilient start to the year

>Resilient start to the year in the current context - Group sales of £882m were down 4.6% y-o-y over the first four months, including a 0.3% M&A impact. Organic growth was therefore -4.9% from January to April, representing a sequential decline vs +3.6% in H2 2019, but not too severe given the current situation (the exit rate was -5.5% for Bureau Veritas in March, with April expected to be much lower). By division, the resources activity (17% of sales, 6% of EBITA) ...
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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