Intertek: organic growth inches up
(CercleFinance.com) - British testing and inspections group Intertek reported a 7% rise in revenue for the first 10 months of 2019 ended 31 October.
Intertek's revenue growth was 4.7% at constant exchange rates, including 3.3% organic growth.
In comparison, organic growth was just 3% in the first six months of the year.
In a note, UBS analysts pointed out that "growth mix shifts late in 2019".
The company's shares were down 1% at 5,490 pence on the London Stock Exchange following this trading update.
For full-year 2019, Intertek continues to expect to deliver "good" organic revenue growth at constant currency in its products division.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Intertek's revenue growth was 4.7% at constant exchange rates, including 3.3% organic growth.
In comparison, organic growth was just 3% in the first six months of the year.
In a note, UBS analysts pointed out that "growth mix shifts late in 2019".
The company's shares were down 1% at 5,490 pence on the London Stock Exchange following this trading update.
For full-year 2019, Intertek continues to expect to deliver "good" organic revenue growth at constant currency in its products division.
Copyright (c) 2019 CercleFinance.com. All rights reserved.