Intertek revenues fall despite underlying growth

Revenues at FTSE 100 quality assurance specialist Intertek (LON:ITRK) dropped by 2.5% for the four months to 30^th April. The group made solid progress in real terms but were severely hampered by changes to foreign exchange rates. The majority of the underlying improvement came from organic growth in the products division, with the other business arms being relatively stagnant.

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Management said that they were on track to hit 2018’s targets and that they would continue considering new acquisitions where appropriate to supplement the two that they made during the period.