Intertek Group Plc have approved an interim dividend of 34.2p per share to be paid on 6 October 2022 to shareholders on the register at close of business on 16 September 2022.
Other Financial Highlights:
• Revenue of £1,491.7m; +9.5% at constant rates; +13.2% at actual rates
• LFL revenue growth of 4.9% at constant rates: Products+ 4.3%; Trade +5.7%; Resources +6.4%
• Outside China LFL revenue grew 7.1% at constant rates with all divisions growing at least 7.0%
• Adjusted operating profit of £217.3m, up 4.0% at constant rates and up 7.7% at actual rates with adjusted operating margin of 14.6% at constant rates (H1 2021: 15.3%)
• Outside China, double-digit operating profit growth with 20bps margin accretion at constant rates
• Strong pricing power and disciplined cost management in place to drive margin accretive revenue growth
• Adjusted diluted EPS of 86.5p: up 6.7% at constant rates and up 10.6% at actual rates
• Robust free cash flow and strong balance sheet with 1.3 net debt to EBITDA; weighted average interest rate of 2.7%
• Investments in capability, innovations and M&A to seize attractive ATIC growth opportunities
• Excellent ROIC of 16.8%, with organic ROIC of 21.4% up 20bps at constant rates
