REG - Intertek Group Plc - Trading Statement

IntertekAnnouncement

Today 07:00

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RNS Number : 8120I  Intertek Group PLC  25 November 2025

TRADING STATEMENT

25 November 2025

 

 

Robust Trading July-October - On Track to Deliver a Strong 2025

 

•     YTD revenue of £2.85bn, growth of 4.6%(1), with LFL revenue
growth of 4.3%(1) and 0.3% growth from M&A

•     Robust LFL revenue growth of 4.1%(1) in July-Oct: 5.4% in Consumer
Products, 6.6% in Corporate Assurance, 0.8% in Health and Safety, 6.0% in
Industry and Infrastructure, and stable in the World of Energy

•     Strong margin progression driven by divisional mix, pricing,
operating leverage, cost controls and productivity improvements

•     Daily cash management discipline delivering excellent free cash
flow

•     Continued organic investment in innovation with the successful
launches of SupplyTek, the world's first end-to-end global market access
solution, and AI(2), the world's first independent AI assurance programme

•     Three acquisitions completed in high-growth, high-margin ATIC
segments

•     £350m share buyback programme progressing well with £328m
already repurchased (7m shares)

•     Excellent returns driving good year-on-year increase in ROIC

•     On track to meet earnings expectations for the full year, with
mid-single digit LFL revenue growth at constant currency, strong margin
progression and excellent cash generation

•     Well positioned to deliver a strong financial performance in 2026,
with mid-single digit LFL revenue growth, margin progression on track with our
18.5%+ margin target and strong cash generation.

 

1. Constant currency

 

André Lacroix: Chief Executive Officer statement

 

"We delivered a robust trading performance in the July-October period against
a demanding prior year comparator, with our two highest margin divisions,
Consumer Products and Corporate Assurance, which represent 65% of Group
earnings, growing LFL revenue 5.8%. Year to date, revenue growth was a robust
4.6% with strong margin progression driven by our divisional mix, pricing,
operating leverage linked to growth, disciplined cost control approach and
productivity improvements. Our free cash flow and ROIC were excellent. Given
our strong year to October financial performance, we expect to deliver a
strong performance in 2025 with mid-single digit LFL revenue growth at
constant currency, strong margin progression and excellent free cash flow.

 

We have a mission-critical role for society, providing a unique suite of
industry-leading and differentiated ATIC solutions to over 400,000 clients
across every industry and region in each of our five divisions to make the
world safer. Our clients are increasing their focus on Risk-based Quality
Assurance to operate with ever-higher quality, safety and sustainability
standards in each part of their value chain, triggering greater demand for our
solutions. All our global business lines enjoy scale leadership positions at
both the local and global levels. At this time of increased trade and supply
chain complexity, more than ever our clients need consulting, training and
systemic ATIC solutions on global market access, enabling them to bring their
products to market at speed, without compromising on the right quality
assurance, safety and sustainability standards.

 

Everyone at Intertek is focused on executing our differentiated AAA strategy
for growth and consistently delivering on our corporate targets: mid-single
digit LFL revenue growth, margin progression targeting 18.5%+ over time,
strong cash generation, and disciplined investments in both organic and
inorganic growth to deliver a superior ROIC. We are confident in the
sustainability of the strong performance momentum we have seen in the last few
years, and we look forward to another strong performance in 2026. Our
confidence is based on the continued increase in demand for our ATIC industry
leading solutions and our expectations for a more supportive macroeconomic
backdrop."

 

 

 Revenue Performance - 5 divisions
                        10 months - January to October                                  4 months - July to October
                        2025      2024      Change at      Change at constant currency  2025     2024     Change at      Change at constant currency

                        £m        £m        actual rates                                £m       £m       actual rates
 Group
 Revenue                2,850.0   2,815.2   1.2%           4.6%                         1,177.3  1,145.7  2.8%           4.6%
 Like-for-like revenue  2,841.0   2,813.8   1.0%           4.3%                         1,171.0  1,145.6  2.2%           4.1%
 Consumer Products
 Revenue                815.9     791.9     3.0%           6.7%                         334.2    324.0    3.1%           5.4%
 Like-for-like revenue  815.9     790.5     3.2%           6.9%                         334.2    323.9    3.2%           5.4%
 Corporate Assurance
 Revenue                428.5     411.8     4.1%           7.5%                         177.3    169.7    4.5%           6.6%
 Like-for-like revenue  428.5     411.8     4.1%           7.5%                         177.3    169.7    4.5%           6.6%
 Health and Safety
 Revenue                284.3     282.2     0.7%           4.0%                         120.6    115.4    4.5%           5.1%
 Like-for-like revenue  279.3     282.2     (1.0%)         2.2%                         115.6    115.4    0.2%           0.8%
 Industry and Infrastructure
 Revenue                715.2     706.6     1.2%           4.8%                         297.9    286.1    4.1%           6.5%
 Like-for-like revenue  711.2     706.6     0.7%           4.2%                         296.6    286.1    3.7%           6.0%
 World of Energy
 Revenue                606.1     622.7     (2.7%)         0.0%                         247.3    250.5    (1.3%)         0.0%
 Like-for-like revenue  606.1     622.7     (2.7%)         0.0%                         247.3    250.5    (1.3%)         0.0%

 

Contacts

For further information, please contact:

 

Denis Moreau, Investor Relations

Telephone:        +44 (0) 20 7396 3415
investor@intertek.com

 

Jonathon Brill/James Styles, DGA

Telephone:        +44 (0) 7836 622 683
intertek@dgagroup.com (mailto:intertek@dgagroup.com)

 

Analysts' Call

A call for analysts and investors will be held today at 9:30am UK time.
Details can be found at http://www.intertek.com/investors/
(http://www.intertek.com/investors/)

 

 

 Intertek is a leading Total Quality Assurance provider to industries
 worldwide.

 Our network of more than 1,000 laboratories and offices in more than 100
 countries, delivers innovative and bespoke Assurance, Testing, Inspection and
 Certification solutions for our customers' operations and supply chains.

 Intertek is a purpose-led company to Bring Quality, Safety and Sustainability
 to Life. We provide 24/7 mission-critical quality assurance solutions to our
 clients to ensure that they can operate with well-functioning supply chains in
 each of their operations.

 Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered
 consistently, with precision, pace and passion, enabling our customers to
 power ahead safely.

 intertek.com

 

 

You'll be amazed where you find Intertek

 

We are a purpose-led company and in over 100 countries, we bring Quality,
Safety and Sustainability to life, helping our customers operate with
confidence through our industry-leading differentiated ATIC solutions.

 

Our people's dedicated customer-centric approach, along with our Science-based
expertise reaches billions of consumers and more than 400,000 customers around
the world every day - and is wherever you look, often in places you would
never expect.

 

From helping leading consumer brands meet global safety standards, to
conducting hurricane-resilience testing on flood walls in West Palm Beach, to
validating charging-station performance in Hong Kong, to supporting cave
operators in Vietnam as they lower their carbon footprint, you'll be amazed
where you find Intertek.

 

In our Consumer Products division
(https://www.intertek.com/amazed/consumer-products/) ,
(https://www.intertek.com/amazed/consumer-products/) we bring everyday quality
to life - testing global cultural icons like Pop Mart's Labubu to establish
their authenticity, validating hypoallergenic and sweat-proof claims for
Nike's latest "After Dark Tour" jewellery range, and certifying smart-enabled
smoke alarms to ensure they meet rigorous industry safety standards.

 

In our Corporate Assurance division
(https://www.intertek.com/amazed/corporate-assurance/) , we turn ambition into
action - conducting a comparative Life Cycle Assessment alongside a range of
performance tests that have enabled The London Essence Co. to make smart,
data-led improvements to how to bottle their drinks, in the process lowering
the company's footprint and raising the bar for sustainable packaging.

 

In our Health and Safety division
(https://www.intertek.com/amazed/health-safety/) , we safeguard people and
supply chains in highly regulated environments, leveraging our Science-based
expertise to certify Low GI food claims, confirm different Arabica coffee
varieties via cutting-edge DNA analysis, and improving in‑car air quality
through volatile organic compound testing on automotive interiors for leading
manufacturers.

 

In our Industry and Infrastructure division
(https://www.intertek.com/amazed/industry-infrastructure/) , we protect the
structures societies rely on, simulating hurricane‑force conditions to
demonstrate the readiness of flood defence systems, scanning historic Spitfire
airframes with advanced X-rays to identify potential defects, and reducing
safety incidents at construction sites across Mexico through our "red helmets"
programme.

 

In our World of Energy division
(https://www.intertek.com/amazed/world-of-energy/) , we are powering the
future, inspecting and testing petroleum cargoes for Samsung C&T,
analysing pyrolysis oil to support the conversion of hard-to-recycle plastics
into clean feedstock, and securing the full energy value chain through EV
vibration testing and the real‑world development of bp Castrol's
next-generation hybrid engine oil.

 

Explore the full range of inspiring stories about how Intertek Total Quality
Assurance is making the world better, safer and more sustainable here
(https://www.intertek.com/amazed/divisions/) .

 

 

Consumer Products Division

 

In the four-month period to end October 2025, our Consumer Products-related
business delivered LFL revenue of £334.2m, up year on year by 5.4% at
constant currency against a very demanding prior year comparator of 9.5%. LFL
revenue was £815.9m on a YTD basis, up year on year at constant currency by
6.9% and by 3.2% at actual rates.

 

•     Our Softlines business delivered high-single digit LFL revenue
growth in the period resulting in a high-single digit LFL revenue performance
YTD as we have seen an increase in ATIC investments by our clients in
e-commerce, Risk-based Quality Assurance, end-to-end sustainability and in new
products.

 

•     Hardlines reported a mid-single digit LFL revenue performance in
the period and on a YTD basis as we are benefitting from ATIC investments by
our clients in e-commerce, sustainability and new product development.

 

•     With increased ATIC activities driven by greater regulatory
standards in energy efficiency, more demand for medical devices and 5G
investments, our Electrical & Connected World business delivered
mid-single digit LFL revenue growth in the period and YTD.

 

•     Our Government & Trade Services business provides
certification services to governments in the Middle East and Africa to
facilitate the import of goods in their markets, based on acceptable quality
and safety standards. The business reported double-digit LFL revenue growth in
the period benefitting from contract wins and double-digit LFL revenue growth
on a YTD basis.

 

2025 growth outlook

In 2025, we continue to expect our Consumer Products division to deliver
high-single digit LFL revenue growth at constant currency.

 

Medium to long-term growth outlook

Our Consumer Products division will benefit from growth in new brands, SKUs
& ecommerce, increased regulation, a greater focus on sustainability and
technology, as well as a growing middle class. Our mid to long-term guidance
at constant currency for Consumer Products is low to mid-single digit growth.

 

 

Corporate Assurance Division

 

In the four-month period to end October 2025, our Corporate Assurance-related
business delivered LFL revenue of £177.3m up year on year by 6.6% at constant
currency against a very demanding prior year comparator of 10%, and on a YTD
basis LFL revenue of £428.5m is up at constant currency by 7.5% and by 4.1%
year on year at actual rates.

 

•     Business Assurance delivered a high single digit LFL revenue
growth in the period and high-single digit LFL revenue growth on a YTD basis
driven by increased investments by our clients to improve the resilience of
their supply chains, the continuous focus on ethical supply and the greater
need for sustainability assurance.

 

•     The Assuris business reported a stable LFL revenue performance in
the four months and a low-single digit LFL revenue performance on a YTD basis
as we continue to benefit from improved demand for our regulatory assurance
solutions and from increased corporate investment in ESG.

 

2025 growth outlook

In 2025, we continue to expect our Corporate Assurance division to deliver
high-single digit LFL revenue growth at constant

currency.

 

Medium to long-term growth outlook

Our Corporate Assurance division will benefit from a greater corporate focus
on sustainability, the need for increased supply chain resilience, enterprise
cyber-security, People Assurance services and regulatory assurance. Our mid to
long-term LFL growth guidance at constant currency for Corporate Assurance is
high-single digit to double-digit.

 

 

Health and Safety Division

 

In the four-month period to end October 2025, our Health and Safety-related
business delivered LFL revenue of £115.6m, up year on year by 0.8% at
constant currency against a demanding prior year comparator of 8.9%. YTD LFL
revenue of £279.3m is up year on year by 2.2% at constant currency and down
1.0% at actual rates.

 

•     Our Food business registered double-digit LFL revenue growth in
the period and on a YTD basis as we continue to benefit from higher demand for
food safety testing activities as well as hygiene and safety audits in
factories.

 

•     AgriWorld provides inspection activities to ensure that the global
food supply chain operates fully and safely. The business reported low-single
digit LFL revenue growth both in the period and on a YTD basis as we continue
to see an increase in demand for inspection activities driven by sustained
growth in the global food industry.

 

•     In Chemicals & Pharma we saw negative mid-single digit LFL
revenue in the period and on a YTD basis due to a baseline effect and
temporary project delays by some clients. The business continues to benefit
from the increased demand for regulatory assurance and chemical testing and
higher R&D investment in the pharmaceutical industry.

 

2025 growth outlook

In 2025, we continue to expect our Health and Safety division to deliver
low-single digit LFL revenue growth.

 

Medium to long-term growth outlook

Our Health and Safety division will benefit from the demand for healthier and
more sustainable food to support a growing global population, increased
regulation, and new R&D investments in the pharma industry. Our mid to
long-term LFL guidance at constant currency for Health and Safety division is
mid to high-single digit growth.

 

Industry and Infrastructure Division

 

In the four-month period to end October 2025, our Industry and
Infrastructure-related business delivered LFL revenue of £296.6m, year on
year growth of 6.0% at constant currency. LFL revenue of £711.2m on a YTD
basis was up year on year at constant currency by 4.2% and up year on year by
0.7% at actual rates.

 

•     Industry Services, which includes Moody our industry-leading
engineering-based inspections in energy and infrastructure production assets,
delivered mid-single digit LFL revenue growth in the period and on a YTD
basis. We benefitted from increased capex investment in traditional Oil and
Gas exploration and production as well in renewables.

 

•     Our Minerals business delivered a double-digit LFL revenue growth
in the period and on a YTD basis. We continue to benefit from the excellent
demand for testing and inspection activities in our key markets, the
acquisition of several new contracts and the acquisition of Base Met Labs.

 

•     We continue to see growing demand for more environmentally
friendly buildings and the increased number of infrastructure projects being
planned in our Building & Construction business in North America enabling
us to deliver a low-single digit LFL revenue growth in the period and on a YTD
basis.

 

2025 growth outlook

In 2025, we now expect our Industry and Infrastructure related businesses to
deliver a mid-single digit LFL revenue performance at constant currency.

 

Medium to long-term growth outlook

Our Industry and Infrastructure division will grow in the mid to long-term,
benefitting from increased global energy consumption, the transition to
greener energy, population growth, large scale infrastructure investment, and
demand for greener buildings. Our mid to long-term LFL guidance at constant
currency for growth in Industry and Infrastructure is mid to high-single
digit.

 

 

World of Energy Division

 

In the four-month period to end October 2025, our World of Energy-related
business delivered LFL revenue of £247.3m, flat year on year at constant
currency. YTD LFL revenue of £606.1m is flat year on year at constant
currency and down 2.7% at actual rates.

 

•     Caleb Brett, the global leader in the Crude Oil and Refined
products global trading markets, benefitted from robust momentum reflecting
increased global mobility and higher testing activities for biofuels and
delivered low-single digit LFL revenue growth in the period and on a YTD
basis.

 

•     Transportation Technologies reported negative double-digit LFL
revenue in the period due to a baseline effect as we delivered a double-digit
revenue performance in the same period in 2024 and to a temporary reduction of
investments by some clients in new projects as they focus on reducing their
cost base in a more challenging trading environment. On a YTD basis, LFL
revenue growth in our Transportation Technologies business is negative
mid-single digit.

 

•     Our CEA business reported a double-digit LFL revenue growth in the
period and a low-single digit LFL revenue growth on a YTD basis, as we
continued to benefit from the increased investments in solar panels - the
fastest growing form of renewable energy.

 

2025 growth outlook

In 2025 we now expect our World of Energy division to deliver stable LFL
revenue growth at constant currency after an 8% LFL revenue growth in 2024.

 

Medium to long-term growth outlook

The World of Energy division will benefit from increased investment from
energy companies to meet growing demand and consumption of energy from the
growing global population, the scaling up of Renewables, increased R&D
investments that OEMs are making in EV/Hybrid vehicles and from the
development greener fuels. Our mid to long-term LFL guidance at constant
currency for the World of Energy division is low to mid-single digit.

 

 

Innovation

 

True to our pioneering spirit, we continue to lead the industry and innovate
to meet the emerging needs of our customers with winning ATIC solutions. We
are constantly learning from our customers, using extensive feedback they
provide us with every month through our comprehensive NPS research programme
to help deliver ever-better solutions for their evolving requirements.

 

We believe that successful innovation starts with investing in the insight
advantage, which means having a deep understanding of what our customers need
and want. With the ability to access world-class customer intelligence
site-by-site from anywhere across our global network, we have a continuous
stream of data that enables us to build on our insights and develop new ATIC
solutions.

 

Our clients have also realised that they need to invest more in product and
service innovation to meet the changing needs of their customers. The other
major area of investment inside corporations is sustainability and we are
seeing positive momentum with new and emerging regulations. This means
companies will have to re-invent the way they manage their sustainability
agenda with greater emphasis on independently verified non-financial
disclosures. This is excellent news for our industry-leading Total
Sustainability Assurance solutions.

 

Earlier this year, we launched SupplyTek (https://www.intertek.com/supplytek/)
, the world's first end-to-end global market access solution designed to help
companies turn trade risks into opportunities. Capitalising on Intertek's
global footprint and unrivalled supply chain intelligence, SupplyTek enables
customers to optimise their operations and supplier relationships without
compromising on Quality, Safety, and Sustainability - enabling them to go to
market faster with total peace of mind.

 

As AI adoption increases rapidly across all parts of society, we also
introduced Intertek AI², (https://www.intertek.com/ai/) the first independent
AI assurance programme to cover the entire AI lifecycle from ideation through
to deployment and beyond. Addressing everything from governance to
transparency concerns, Intertek AI² offers organisations a suite of
cutting-edge, Risk-based solutions designed to ensure the seamless integration
of AI into their systems,  taking their customer service to new heights and
unleashing new levels of productivity.

 

We are also pioneering the use of unmanned robots and drones to inspect
industrial assets and infrastructure in hazardous environments. We partnered
with DroneQ Robotics to deliver advanced unmanned robotics services (AURS)
that enable safe, efficient inspections in offshore wind farms, oil rigs, and
pipelines. Leveraging our proven technical expertise across the fields of AI,
robotics and data science, the collaboration provides clients with
high-quality actionable insights which help them to protect inspection
personnel while optimising their operations. In parallel, our work with the
University of Houston is empowering the next generation of engineers to design
and develop bespoke drones for a range of industrial applications, further
enhancing our portfolio of vital inspection services while supporting a new
pipeline of emerging talent.

 

 

M&A

 

The acquisitions we have made recently are performing well delivering a strong
revenue and margin performance. So far in 2025, we have acquired three
businesses:

 

In May 2025, we announced the acquisition of Tecnologia e Qualidade de
Sistemas em Engenharia Ltda
(https://www.intertek.com/news/2025/intertek-expands-into-brazils-attractive-building--construction-industry-with-acquisition-of-leading-building-products-testing-company/)
(https://www.intertek.com/news/2025/intertek-expands-into-brazils-attractive-building--construction-industry-with-acquisition-of-leading-building-products-testing-company/)
(
(https://www.intertek.com/news/2025/intertek-expands-into-brazils-attractive-building--construction-industry-with-acquisition-of-leading-building-products-testing-company/)
TESIS
(https://www.intertek.com/news/2025/intertek-expands-into-brazils-attractive-building--construction-industry-with-acquisition-of-leading-building-products-testing-company/)
), a provider of high-quality testing and conformity assessment services
across a broad range of building products in São Paulo, Brazil. The
acquisition expands our leading Building & Construction Total Quality
Assurance business into Brazil's construction industry, while also
complementing Intertek's existing building products testing and assurance
business in North America, opening up an attractive high growth, high margin
sector for our cutting-edge ATIC solutions.

 

In September 2025, we announced the acquisition of Envirolab
(https://www.intertek.com/news/2025/intertek-strengthens-its-environmental-testing-footprint-through-the-acquisition-of-envirolab-in-australia/)
, a high quality environmental testing business in Australia with strong
growth and margin track record. The acquisition establishes Intertek as one of
the market leaders in Australia's attractive environmental testing sector and
unlocks compelling commercial synergies through Intertek's broad client base
in Australia and complementary industry-leading sustainability solutions.

 

In early November, Intertek expanded its ATIC footprint in Central America
with the acquisition of Suplilab
(https://www.intertek.com/news/2025/intertek-expands-atic-footprint-in-central-america-with-acquisition-of-leading-costa-rican-testing-business-suplilab/)
, a market-leading provider of food safety and medical devices testing
services, based in San José, Costa Rica. The acquisition will enable Intertek
to establish a leading position in Costa Rica's food and medical devices
sectors, offering immediate access to a large customer base and a fast-growing
ATIC market in Central America.

 

We see a good pipeline of M&A opportunities in attractive high margin and
high growth areas to broaden our ATIC portfolio of solutions with new services
we can offer to our clients and to expand our regional coverage. We will
remain disciplined and selective to make sure we augment the unique strengths
of Intertek's business model.

 

 

Sustainability

 

Sustainability is the movement of our time and is central to everything we do
at Intertek, anchored in our Purpose, our Vision, our Values and our Strategy.

 

Sustainability is important to all stakeholders in society who are
consistently demanding faster progress and greater transparency in
sustainability reporting. Companies therefore continuously need to upgrade and
reinvent how they manage their sustainability agenda, particularly regarding
how they disclose their non-financial performance.

 

This is why, under our global Total Sustainability Assurance (TSA) programme,
we provide our clients with proven independent, systemic and end-to-end
assurance on all aspects of their sustainability strategies, activities and
operations.

 

The TSA programme comprises three elements:

•     Intertek Operational Sustainability Solutions

•     Intertek ESG Assurance

•     Intertek Corporate Sustainability Certification

 

For Intertek's Sustainability Excellence programme, we focus on the 10 highly
demanding TSA sustainability standards which are truly end-to-end and
systemic.

 

As a business, Intertek is committed to:

•     Reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 from
a 2019 base year;

•     Reducing absolute scope 3 GHG emissions from business travel and
employee commuting by 50% within the same timeframe;

•     Ensuring 70% of its suppliers by spend will have science-based
targets by 2027.

 

We continue to lead by example by pursuing our Sustainability Excellence
agenda, energising deeply and genuinely all stakeholders: our people, our
customers, our regulators, our suppliers, our communities and our
shareholders.

 

Read more about Sustainability Excellence at Intertek and access our reporting
suite. (https://www.intertek.com/about/our-responsibility/)

 

 

Outlook 2025

 

Our clients are increasing their focus on Risk-based Quality Assurance to
operate with higher standards on quality, safety and sustainability in each
part of their value chain, triggering a higher demand for our ATIC solutions.

 

Given our strong performance in the year to October, we continue to expect to
deliver a strong performance in 2025 with mid-single digit LFL revenue growth
at constant currency, strong margin progression and our excellent free cash
flow.

 

Our mid-single digit LFL revenue growth at constant rates will be driven by:

•      High-single digit LFL revenue growth in Consumer Products

•      High-single digit LFL revenue growth in Corporate Assurance

•      Low-single digit LFL revenue growth in Health and Safety

•      Mid-single digit LFL revenue growth in Industry and
Infrastructure

•      Stable LFL revenue growth in the World of Energy

 

Our financial guidance for 2025 is that we expect:

•      Capital expenditure in the range of £135-145m

•      Net finance costs in the £51-52m range

•      Effective tax rate in the 25-26% range

•      Minority interests of between £21-22m

•      Targeted dividend payout ratio of c. 65%

 

We now expect FY25 net financial debt to be in the range of £925-975m,
reflecting the recent two acquisitions made in the second half and prior to
any material movements due to FX or further M&A. This remains well within
our leverage target of 1.3-1.8 net debt/EBITDA.

 

Currency has remained volatile, and the average sterling exchange rate since
the beginning of the year, applied to the full year results of 2025 would
reduce our full year revenue by 350bps and our full year earnings by 500bps.

 

 

Significant value growth opportunity ahead

 

We operate in a highly attractive industry with a differentiated value
proposition, and we are confident in the value growth opportunity moving
forward.

•      We have good visibility on the attractive structural growth
drivers underpinning our expected mid-single digit LFL revenue growth

•      We are confident we will deliver our 18.5%+ medium term margin
target focussing on our proven margin progression building blocks

•      We have step-changed the cash generation of the Group over the
years, and our earnings model will continue to be highly cash generative

•      We will continue to operate with our accretive disciplined
capital allocation policy and reward our shareholders with an attractive and
progressive dividend payout

•      We will continue to invest in high growth and high margin
sectors with superior execution, as evidenced by the progress we have made in
ROIC in the last 10 years

 

In the last 10 years, Intertek has created significant value, and we are well
positioned to deliver significant value creation for all stakeholders going
forward.

 

To capture the value growth opportunity ahead, we will capitalise on our five
unique strengths in the ATIC industry.

•      our high quality global growth portfolio with scale leadership
positions

•      our Science-based Customer Excellence ATIC Advantage

•      our disciplined financial and non-financial performance
management

•      our high performance organisation attracts the best talents in
the industry

•      our Doing the Business the Right Way operating culture with
strong control, compliance and governance

 

Our passionate, innovative, and customer-centric teams are energised to take
Intertek to greater heights, and we are confident that the strong performance
momentum we have seen in the last few years is sustainable, enabling us to
deliver another strong performance in 2026. Our confidence is based on the
continued increase in demand for our industry leading ATIC solutions and our
expectations for a more supportive macroeconomic backdrop.

 

 

-ENDS-

 

 

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