Intertek ( (GB:ITRK) ) has issued an announcement.
Intertek Group PLC reported a strong financial performance for 2024, with a 6.6% increase in revenue at constant currency and a significant improvement in operating margins to 17.4%. The company announced a £350 million share buyback and raised its medium-term margin target to 18.5%+, reflecting confidence in continued growth driven by its ATIC solutions. The acquisition of Base Met Labs and disciplined capital allocation contributed to revenue growth, while strong cash generation and reduced financial debt bolstered its financial position. Intertek’s strategy focuses on leveraging its Science-based Customer Excellence Advantage to meet the rising demand for Risk-based Quality Assurance, positioning the company for robust growth in 2025.
More about Intertek
Intertek is a leading provider of Total Quality Assurance services to industries worldwide, offering innovative and bespoke Assurance, Testing, Inspection, and Certification solutions. With a network of over 1,000 laboratories and offices in more than 100 countries, Intertek ensures quality, safety, and sustainability across its clients’ operations and supply chains.
YTD Price Performance: 8.61%
Average Trading Volume: 461,347
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £8.27B
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