Intertek shows strong growth in revenue & earnings
05 Mar '12
2 min read
Intertek Group plc, the leading international provider of quality and safety solutions, announces its full year results for the year ended 31 December 2011.
Highlights • Strong revenue growth of 27% to £1,749m; constant currency organic growth of 8.3% • Adjusted operating profit up 24% to £281m; constant currency organic growth of 9.6% • Adjusted operating profit margin 16.1% • Adjusted diluted earnings per share and dividend per share both increased by 20% • Moody acquisition delivering ahead of expectations • All divisions grew organic revenue at constant currency by between 4% and 12%
Wolfhart Hauser, Chief Executive Officer, commented: “Intertek has continued its track record of delivering strong growth through its performance in 2011. The results include both strong organic and acquisitive growth with Moody International, the strategic acquisition made in April last year, performing ahead of our expectations.
All five divisions contributed to our organic growth, with a very good performance from the Commodities division and second half acceleration from the Consumer Goods division. We extended our capabilities and expertise across the Group investing £81 million in new facilities and equipment.
Our strong growth drivers combined with our strategic focus on supporting global quality needs give us confidence that we will report another year of strong results in 2012 and extend our track record of growth delivery into the future.”