A video of the 2019 full year results can be viewed here, with the headlines of a 6% revenue growth (4.8% constant currency) to £2987m. Within this the Products businesses (which includes Business Assurance and Food) delivered 6.9% growth (4.6%) to £1796.7m. It was noted that, ‘Business Assurance business delivered good organic revenue growth as we continue to benefit from the increased focus of corporations on risk management, resulting in strong growth in Supply Chain Audits and increased consumer and government focus on ethical and sustainable supply.’
Intertek notes that, ‘Coronavirus (Covid-19), which relates to the outbreak of coronavirus which started in Wuhan in December 2019 and has been declared a Public Health Emergency of International Concern by the World Health Organisation. It is too early to assess what impact the developing situation in China and other countries will have on our clients’ resumption of production activities. We are working closely with our clients to mitigate the risks caused by the virus and maximise business continuity in our and their operations.’ The latest update from Intertek on COVID-19 is found here.