Full year revenue jumps 17 per cent at Intertek

Revenue rose by 17 per cent to 2.1bn pounds in the full year ended December 31st at safety services provider Intertek.

Revenue rose by 17 per cent to 2.1bn pounds in the full year ended December 31st at safety services provider Intertek.

The company reported that operating profit increased by 19% to £335m with constant currency organic profit growth of 11.2%.

An adjusted operating profit margin of 16.3% was recorded.

Intertek reported six bolt-on acquisitions of £40m and £115m of organic capital investment.

Diluted earnings per share and dividend per share increased 22%.

Wolfhart Hauser, the Chief Executive Officer of Intertek, said: "We are pleased to report another year of strong growth across our diverse geographic and industry portfolio as we continue our strategy of delivering global quality solutions.

"We report exceptional growth in the energy infrastructure market, where we have successfully integrated our acquisition of Moody International, in addition to strong growth across all divisions. These results underline the resilient nature of the growth drivers in our chosen quality markets and our ability to capture growth and deliver value to shareholders through acquisitions and organic investment."

MF

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