Strong Financial Performance
Intertek delivered a strong financial performance in 2024, with total revenue of 3.4 billion pounds, up 6.6% at constant currency and 1.9% at actual rates. Operating profit increased by 13% at constant rates, and the operating margin was 17.4%, up by 100 basis points year-on-year.
Record Cash Flow and Dividend Increase
Intertek achieved record adjusted cash flow from operations of 789 million pounds and announced a 40.1% increase in the full-year dividend to 156.5 p.
Share Buyback Program
Intertek announced an initial share buyback program of 350 million pounds, to be completed during the current financial year.
Geographic Revenue Growth
Revenue growth was broad-based across geographies with the Americas, EMEA, and APAC growing by 5.9%, 7.5%, and 6.7% respectively at constant currency.
China Market Performance
Intertek's business in China delivered robust like-for-like revenue growth of 6.7% in 2024, with growth accelerating to 7.7% in the second half.