Home / Knowledge / News / Information Technology / Intertek revenues up 17% in 2012
Intertek revenues up 17% in 2012
04
Mar '13
Intertek Group plc .a leading international provider of quality and safety services, announces its full year results for the year ended 31 December 2012.

Strong Growth Delivery

Highlights

• Revenue growth of 17% to £2,054m; constant currency organic revenue growth of 8.6%

• Profit¹ growth of 19% to £335m; constant currency organic profit growth of 11.2%

• Adjusted operating profit margin 16.3%; up 20 bps

• Six bolt-on acquisitions for £40m; £115m of organic capital investment

• Diluted EPS and dividend per share increase of 22%

Wolfhart Hauser, Chief Executive Officer, commented:

“We are pleased to report another year of strong growth across our diverse geographic and industry portfolio as we continue our strategy of delivering global quality solutions. We report exceptional growth in the energy infrastructure market, where we have successfully integrated our acquisition of Moody

International, in addition to strong growth across all divisions. These results underline the resilient nature of the growth drivers in our chosen quality markets and our ability to capture growth and deliver value to shareholders through acquisitions and organic investment.

Strong growth came from Asia, Australasia, the Middle East and the Americas. In our underperforming areas, principally some locations within Europe, we are taking action to align our portfolio with our strategic growth priorities.

We continue to pursue operational efficiencies and establish platforms supporting the Group’s ability to capture growth in 2013 and beyond, whilst also progressing the Group’s margin in 2012. Whilst economic conditions remain uncertain, we are confident in the opportunities embedded across our portfolio of industries and countries.

'We therefore will continue to follow our established growth strategy which we expect to continue to deliver high single digit organic revenue growth, margin enhancement and value adding acquisitions.”

Intertek

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Apparel/Garments | On 25th Apr 2017

Walmart's Project Gigaton to help reduce emissions

Walmart has launched a sustainability platform called Project Gigaton ...

Courtesy: Arvind

Fashion | On 25th Apr 2017

The Arvind Store launches ready-to-wear brand for men

The Arvind Store has announced the launch of its own ready-to-wear...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search