Intertek: organic growth accelerates; shares rise slightly
(CercleFinance.com) - British testing and inspections group Intertek on Tuesday reported an acceleration in organic sales growth over the last four months, driven by higher demand and a moderate improvement in its margin.
The company, which ensures that products comply with industry standards and safety rules, posted 4.5% organic sales growth at constant exchange rates for the period July-October, on sales that are up 0.5% at actual rates.
For the 10 months to 31 October, Intertek's revenue rose by 3.8% at constant exchange rates, it said.
The group also said that it is "on track" to deliver its 2018 targets
In a note to clients, UBS analysts described "steady trends overall."
Intertek's shares are currently up 1.6% at 4,720 pence on the London Stock Exchange today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The company, which ensures that products comply with industry standards and safety rules, posted 4.5% organic sales growth at constant exchange rates for the period July-October, on sales that are up 0.5% at actual rates.
For the 10 months to 31 October, Intertek's revenue rose by 3.8% at constant exchange rates, it said.
The group also said that it is "on track" to deliver its 2018 targets
In a note to clients, UBS analysts described "steady trends overall."
Intertek's shares are currently up 1.6% at 4,720 pence on the London Stock Exchange today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.