Intertek revenues fall despite underlying growth

By
0 mins. to read
Intertek revenues fall despite underlying growth
Ame Kusanagy / Shutterstock.com

Revenues at FTSE 100 quality assurance specialist Intertek (LON:ITRK) dropped by 2.5% for the four months to 30th 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.

Get the latest from Master Investor directly in your inbox – Sign-up HERE for FREE

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.