UK's Intertek H1 revenue rises on divisional growth
UK's Intertek H1 revenue rises on divisional growth
Overview
UK quality assurance provider's H1 revenue rose 6.1% at constant currency
Adjusted diluted EPS for H1 grew 12.4% at constant currency
Operating cash flow for H1 increased 27.2% yr/yr
Outlook
Intertek reiterates FY 2026 outlook for mid-single digit LFL revenue growth at constant currency
Company expects continuous margin progression and strong free cash flow in FY 2026
Intertek says it is on track to deliver medium-term margin target of 18.5%+
Result Drivers
DIVISIONAL GROWTH - Co cited robust like-for-like revenue growth in Consumer Products, Corporate Assurance, Health and Safety, and Industry and Infrastructure divisions, with stable performance in World of Energy
ACQUISITIONS - Recent acquisitions in high growth and margin segments contributed to revenue and performed well, according to management
MARGIN IMPROVEMENT - Margin progression was driven by portfolio mix, pricing, operating leverage, disciplined cost approach, productivity improvements and margin accretive investments
Company press release: ID:nRSe6442Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 1.77 bln |
|
H1 Adjusted EPS |
| GBP 1.249 |
|
H1 Adjusted EBIT |
| GBP 309.70 mln |
|
H1 Adjusted EBIT Margin |
| 17.50% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Intertek Group PLC is GBp5,790.00, about 0.8% below its July 30 closing price of GBp5,835.00
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 13 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)