The Intertek Directors will propose a final dividend of 102.6p per share (2023:74.0p) at the Annual General Meeting on 22 May 2025, to be paid on 20 June 2025 to shareholders on the register at close of business on 30 May 2025.
Other financial highlights include:
• Robust revenue growth
• Revenue of £3,393m, up 6.6% at constant currency and +1.9% at actual rates
• LFL growth of 6.3%: Consumer Products 8.0%, Corporate Assurance 7.8%, Health and Safety 7.9%, Industry and Infrastructure 1.7%, and World of Energy 8.0%
• Strong margin progression to 17.4%
• 100bps increase in margin driven by mix, pricing, operating leverage, cost control and productivity
• Faster delivery than expected of medium-term margin target of 17.5%+ set in May 2023
• Adjusted operating profit growth of 13% and +7.1% at actual rates to £590m
• +15.2% growth in adjusted diluted EPS at constant currency and +7.9% at actual rates
• Strong cash generation and financial position
• Daily cash discipline delivers cash conversion of 121% and adjusted free cash flow to £409m, up 8.0%2
• Net financial debt reduced to £500m2 and net financial debt/EBITDA improved to 0.7x
• Disciplined capital allocation
• Investments in organic growth of £135m and acquisition of Base Met Labs
• Value accretive M&A contributing 2024 revenue of £207m and margin of 25.1%3
• Excellent progress in ROIC to 22.4% up +250bps at constant currency and +190bps at actual rates
