The Intertek Group Directors will propose a final dividend of 71.6p per share (2019: 71.6p) at the Annual General Meeting on 26 May 2021, to be paid on 18 June 2021 to shareholders on the register at close of business on 28 May 2021.
Other financial highlights:
Resilient FY financial performance, ahead of earnings and cash expectations
H2 2020 adjusted operating profit of £259.5m with record adjusted operating margin of 18.4%, up 60bps YoY
Excellent cash conversion of c.150% drives a record adjusted free cash flow of £435.6m, up 10.2% YoY
Strong balance sheet with financial net debt of £419.9m, down £209.5m YoY; financial net debt to EBITDA of 0.7x
Highly cash generative and carbon-light earnings model delivers strong adjusted ROIC of 21.6%, down 190bps YoY
Carbon neutral in 2020 and continuous focus on sustainability; targeting Net Zero emissions by 2050
Strongly positioned for growth: COVID-19 recovery, increased corporate focus on risk & M&A growth opportunities
