Intertek forecasts further growth after 'record' results

(Sharecast News) - Testing and inspection specialist Intertek Group forecast further earnings growth on Tuesday, following a jump in annual sales and profits. Revenues in the year to December end rose 1.1%, or 4.3% on a constant currency basis, to £3.43bn, with like-for-like growth of 3.9%. Diluted earnings per share surged 10.1% on the same basis, at 253.5p, or by 5.4% at actual rates.

Nearly all divisions saw a rise in revenues, including a 6.2% hike in consumer products, Intertek's largest business unit, to £983.4m.

The exception was the World of Energy division, where revenues eased 1.3%. However, Intertek said it expected the business to deliver low-single digit like-for-like revenue growth in the current year.

Chief executive Andre Lacroix said: "Our 2025 results demonstrate, once again, Intertek's ability to consistently deliver quality growth, improving its performance on a sustainable basis and delivering another year of record performance."

Looking to the current year, Intertek said it expected to make further progress. It particular, it forecast single-digit underlying revenue growth and "strong" earnings growth and cash generation.

Lacroix said: "We are well placed to seize the exciting growth opportunities ahead, given the continued increased investments of our 400,000 clients in risk-based quality assurance to operate with ever-higher quality, safety and sustainability standards in each part of their value chain, triggering greater demand for our solutions."