Intertek Group Earnings Call Transcripts
Fiscal Year 2026
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A strategic review is underway to potentially separate into two specialist ATIC businesses, following a strong Q1 with 5.4% like-for-like revenue growth and robust performance across most divisions. Full-year guidance is confirmed, with continued margin progression and disciplined capital allocation.
Fiscal Year 2025
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Delivered strong 2025 results with 4.3% revenue growth, 10.1% EPS growth, and 90bps margin expansion, driven by robust performance in consumer products and industry infrastructure, disciplined capital allocation, and value-accretive acquisitions. Guidance for 2026 targets mid-single-digit revenue growth and further margin progression.
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Revenue grew 4.1% like-for-like in July–October, led by Consumer Products and Corporate Assurance, with strong margin and cash performance. Three high-margin acquisitions and digital innovations supported growth, and the group remains on track for 2025 earnings targets.
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Delivered strong H1 2025 results with 4.5% like-for-like revenue growth, 16.5% operating margin, and 12.6% EPS growth at constant currency. Upgraded guidance for Consumer Products, maintained robust cash generation, and continued disciplined capital allocation.
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Strong like-for-like revenue growth of 4.5% at constant currency was delivered in the first four months of 2025, with robust margin progression and free cash flow. Strategic launches and acquisitions are expanding high-growth sectors, and guidance for mid-single-digit revenue growth and margin improvement is maintained for the full year.
Fiscal Year 2024
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Delivered strong 2024 results with revenue up 6.6% at constant currency, operating margin up 100 bps to 17.4%, and EPS up 15.2%. Announced a GBP 350 million share buyback and raised medium-term margin targets to 18.5%+, with robust 2025 guidance and strong cash generation.
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Strong revenue growth continued across key divisions, with Consumer Products upgraded to high single-digit guidance and robust margin progression. Strategic investments, pricing discipline, and global expansion underpin confidence in delivering mid-single digit growth in 2025 and sustained shareholder value.
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Double-digit growth in operating profit, EPS, and free cash flow was achieved in H1 2024, with strong margin expansion and robust performance across most divisions. The outlook for H2 remains confident, supported by disciplined capital allocation and ongoing investments in high-growth areas.