- Intertek revised its full-year capital expenditure forecast to between GBP 125 million and GBP 135 million, down from the previous forecast of GBP 135 million to GBP 145 million.
- The company reported year-to-date revenue of £2.82 billion, marking a growth of 6.6%.
- For the period from July to October, revenue reached £1.15 billion with a growth rate of 6.8%.
- Intertek‘s trading from July to October was in line with its guidance.
- The company anticipates delivering a strong performance for 2024 with mid-single digit like-for-like revenue growth at constant currency.
- Intertek expects strong margin progression and excellent free cash flow performance in 2024.
- The Consumer Products division is projected to achieve high single digit like-for-like revenue growth at constant currency during 2024.
- Intertek forecasts its financial net debt for FY24 to be in the range of £500 million to £550 million.
- Market analyst recommendations for Intertek include 10 “buy” ratings, 8 “hold” ratings, and 2 “sell” ratings.
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A look at Intertek Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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 that specializes in product inspection services, has garnered a mixed bag of Smart Scores across various categories. While scoring moderately on Dividend and Momentum, with scores of 3 each, the company falls slightly behind in Value and Resilience, scoring 2 in both areas. However, the standout factor for Intertek lies in its Growth score, which stands at an impressive 4. This signals a positive trajectory for the company in terms of expansion and future profitability.
With its core focus on testing a wide range of products including textiles, toys, petroleum products, and more, Intertek plays a crucial role in ensuring product safety and certification for governments, exporters, and importers. While facing some challenges in terms of value and resilience, the company’s strong growth potential, indicated by its score of 4, suggests a promising long-term outlook. This mix of scores positions Intertek as a company to watch closely in the coming years as it navigates the dynamic landscape of product inspection services.
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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