- Revenue for the first half of the year matched estimates at GBP1.67 billion, showing a 1.8% year-on-year increase.
- Adjusted operating profit was GBP265.1 million, an 8% rise year-on-year, and exceeded the estimate of GBP244 million.
- Interim dividend per share was 53.9p, lower than the estimated 83.3p.
- Operating profit recorded at GBP232.4 million, up 8.1% year-on-year, and surpassed the estimate of GBP226.6 million.
- Pretax profit was GBP206.2 million, a 7.6% year-on-year increase, but slightly below the estimate of GBP208.7 million.
- Adjusted pretax profit came in at GBP242.6 million, an 8.7% rise year-on-year, beating the estimate of GBP235.3 million.
- The adjusted operating margin improved to 15.9%, up from 15% year-on-year.
- Free cash flow was GBP90.6 million, a robust 14% increase year-on-year.
- Adjusted EPS was 104.9p, compared to 95.2p year-on-year, and exceeded the estimate of 99.67p.
- For the year 2024, capital expenditure is projected to be between GBP135 million and GBP145 million.
- 2024 revenue growth is expected to be mid-single digit on a like-for-like basis at constant currency, with margin progression and strong free cash flow performance.
- Financial net debt for 2024 is forecasted to be in the range of GBP510-560 million.
- The cost reduction programme saved GBP5 million in the first half of 2024, with a total of GBP11 million expected for the year.
- The company is on track to meet its medium-term targets, including mid-single digit like-for-like revenue growth, a margin above 17.5%, and strong cash flow.
- Analyst ratings: 11 buys, 5 holds, 4 sells.
“`
A look at Intertek Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Intertek Group plc, a company specializing in product inspection services, has received a mixed outlook based on the Smartkarma Smart Scores. With varying scores across different factors, Intertek aims to navigate a complex market landscape. The scores indicate a moderate performance in terms of value and resilience, while showing stronger potential in areas such as growth and momentum. Investors keen on stability might find the lower value and resilience scores noteworthy, while those eyeing growth and momentum could see brighter prospects ahead for Intertek.
Offering a range of inspection and certification services for a diverse array of products, Intertek plays a crucial role in ensuring safety and compliance for various industries. From textiles to electronics, the company’s services cater to the needs of governments, exporters, importers, and businesses worldwide. As Intertek continues to expand its reach and enhance its offerings, the combination of its Smart Scores reflects a nuanced overall outlook, paving the way for potential opportunities and challenges in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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