intertek
Intertek Group plc (LON:ITRK)’s interim results showed a business recovering strongly from the depths of pandemic-induced recessions around the world.Q2 2021 hedge fund letters, conferences and more Revenues accelerated toward the end of the period to an underlying pace of 12%, but for the six months as a whole, underlying revenues only rose by 5.8% before currency impacts.Cash flow was strong, with Intertek hitting a conversion rate of 135% and earnings per share rose by 24% to 78.2p. The company declared an unchanged dividend of 34.2p per share.The shares reacted cautiously, dropping 6.9% in...
ValueWalk
Intertek Group plc (LON:ITRK), a leading provider of Total Quality Assurance services today released a trading update for the first four months of the year.Q1 2021 hedge fund letters, conferences and more Revenues rose by 2.7% on a like for like basis, although currency swings pushed the reported number to a 3% decline.The group were optimistic about reaching their full year targets, but markets had been hoping for more and the shares dipped almost 2% in early trading.Intertek Recovers From It's Pandemic-Induced SlumpCommenting on the numbers, Steve Clayton, fund manager of the HL Select UK Gr...
ValueWalk
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