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Intertek reports on Jan-April 2018 trading

IIOC member has posted its May trading update for the period 1 January to 30 April 2018.

Overall, turnover rose 4.4% at constant currency, a decline of 2.5% at actual rates. Turnover stood at £861.2m.

Within these results, the division which includes certification in the Business Assurance area, the Products division, registered 6.6% organic revenue growth at constant rate. Intertek commentary notes, ‘Business Assurance business delivered strong 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.’

The commentary on the 2018 outlook for the Intertek Product Division states, ‘We expect our Products division to benefit from robust organic revenue growth at constant currency.’

Further ahead the Intertek mid to long-term growth outlook is described as, ‘ Our Products division will benefit from mid to long-term structural growth drivers including product variety, brand and supply chain expansion, product innovation and regulation, the growing demand for quality and sustainability from developed and emerging economies, the acceleration of e-commerce as a sales channel, and the increased corporate focus on risk.’

Further details can be found at the Intertek website.

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