Intertek: 'too early' to quantify coronavirus impact
(CercleFinance.com) - British testing and inspections group Intertek reported a 5% rise in its 2019 operating profit, and said it was "too early" to quantify the impact of the coronavirus.
In 2019, the company reported revenue of 3 billion pounds, up 6.6% year‐on‐year at actual currency rates and 4.8% at constant currency rates, driven by organic growth of 3.3% at constant currency rates.
Intertek also posted adjusted operating profit of 513.3 million pounds, up 5.2% year-on-year at constant currency rates and up 6.5% at actual currency rates.
2019 is the fifth consecutive year of revenue, and EPS progression, it said.
Intertek also announced a full-year dividend of 105.8 pence, up 6.8%.
However, the group said that it will not be immune to the impact of the novel coronavirus and warned that its 2020 performance will be affected by the temporary disruption to the supply chains of its clients in China, while saying it was "too early" to quantify its impact.
Its shares were up 1.7% at 10.30 am UK time on the London Stock Exchange.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
In 2019, the company reported revenue of 3 billion pounds, up 6.6% year‐on‐year at actual currency rates and 4.8% at constant currency rates, driven by organic growth of 3.3% at constant currency rates.
Intertek also posted adjusted operating profit of 513.3 million pounds, up 5.2% year-on-year at constant currency rates and up 6.5% at actual currency rates.
2019 is the fifth consecutive year of revenue, and EPS progression, it said.
Intertek also announced a full-year dividend of 105.8 pence, up 6.8%.
However, the group said that it will not be immune to the impact of the novel coronavirus and warned that its 2020 performance will be affected by the temporary disruption to the supply chains of its clients in China, while saying it was "too early" to quantify its impact.
Its shares were up 1.7% at 10.30 am UK time on the London Stock Exchange.
Copyright (c) 2020 CercleFinance.com. All rights reserved.