24th Nov 2021 08:57
Intertek Group PLC - London-based quality assurance service provider - Says it has made "strong progress" so far in the second half of 2021. Revenue rises by 6.7% in the four months from July to October, with the growth pace picking up to 8.5% in September and October from 4.8% in July and August. Like-for-like revenue growth in July to October was 5.0%, or 6.2% when adjusted for trading days. Intertek says it is on track for "robust like-for-like revenue growth" and "margin progression" in 2021. In the 10 months through October 31, revenue is up 0.3% to GBP2.28 billion, rising 5.6% at constant currency. Like-for-like revenue in the year to date is up 0.2%, or 5.4% at constant currency rates.
"The supply chain disruption being experienced by corporations across multiple industries has made the need for comprehensive risk-based quality, safety and sustainability assurance more critical than ever," comments Chief Executive Officer Andre Lacroix.
Current stock price: 5,442.00 pence, up 5.5% early Wednesday
Year-to-date change: down 3.6%
By Tom Waite; [email protected]
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