Intertek Group Revenue up 6.6% year‐on‐year – DirectorsTalk Interviews

Intertek Group plc (LON:ITRK) has today announced its 2019 full year results.

2019 Year Highlights (IAS 17 basis)

·     Revenue of £2,987m: +4.8% at constant currency rates, +6.6% at actual rates

·     Organic revenue growth of +3.3% at constant rates: Products +2.3%, Trade +4.1%, Resources +5.7%

·     1.5% revenue growth from acquisitions in attractive growth and margin sectors

·     Adjusted operating margin of 17.2%: +10bps at constant rates, in-line with prior year at actual rates

·     Adjusted operating profit of £513.3m: +5.2% at constant rates, +6.5% at actual rates

·     Adjusted diluted EPS of 211.7p: +5.2% at constant rates, +6.8% at actual rates

·     Free cash flow of £380.0m, +8.4% year-on-year driven by strong cash conversion

·     Full year dividend per share of 105.8p, an increase of 6.8%

·     ROIC of 22.8%, up 220bps at actual rates, up 150bps at constant rates

IFRS16 Reporting

IFRS 16 was adopted on 1 January 2019 for our statutory reporting, without restating prior

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