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Intertek increases its 2018 interim dividend by 35.7%

Investment Tools Ltd.
Intertek increases its 2018 interim dividend by 35.7%

Intertek 2018 interim results

Group revenue of £1.348bn: +3.9% at constant rates, -1.8% at actual rates

Good organic revenue growth of +3.4% at constant rates: Products +5.7%, Trade +0.7%, Resources -0.7%

Acquisitions in attractive growth and margin sectors expanding our TQA value proposition

Portfolio strength and cost discipline driving adjusted margin progression: +40bps at constant rates, +50bps at actual rates

Robust adjusted diluted EPS growth: +6.8% at constant rates, +0.9% at actual rates

Statutory diluted EPS growth of +7.6% at constant rates, +1.5% at actual rates

Continuous focus on cash with working capital reduction of 6.5% at actual rates

Half year dividend payment of 31.9p, up 35.7%, in line with our new dividend policy

Companies mentioned

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