Intertek Group PLC
29 June 2006
Intertek Group plc ('Intertek')
29 June 2006 at 7.00am
Pre-close Trading Statement
Intertek Group plc ('Intertek'), the leading international provider of quality
and safety services to a wide range of industries, announces the following
trading statement prior to entering its close period for the six months ending
30 June 2006.
The group continues to perform well. Total reported revenue growth, including
acquisitions, is expected to be strong for the half year ended 30 June 2006,
compared to the same period last year despite the expected reduction of
approximately £10m in revenue in the first half from the two terminated
government contracts within the Government Services division. Organic revenue
and operating profit growth for the three main divisions at constant exchange
rates is expected to be good.
Asia, and especially China, continues to be the main driver of growth within
Consumer Goods and the Commercial & Electrical divisions. These two divisions
are showing good growth across all activities with the exception of the
previously indicated slower growth in textiles testing resulting from a reduced
rate of growth in textile exports to the West from China. The Commercial &
Electrical division is additionally seeing good growth from North America
despite a slow down in automotive services.
Growth in Oil, Chemical & Agri, has been strong, supported by favourable
underlying markets as well as new environmental regulations on fuels and the
increased upstream and downstream penetration of our services within the oil
industry. The analytical services business continues to exploit its market
leading position in winning laboratory contracts from major oil and chemical
companies.
The revenue performance of the remaining Government Services contracts, post the
termination of the pre-shipment inspection contracts with the Governments of
Nigeria and Venezuela, has been encouraging.
Overall the group has made good progress in the first half of the year and it is
expected that similar positive progress will continue into the second half.
The interim results for the period ended 30 June 2006, will be announced on
Monday 4 September 2006 and the close period commences on 6 July 2006.
For further information, please contact
Aston Swift, Investor Relations
Telephone: +44 (0) 20 7396 3400 aston.swift@intertek.com
Richard Mountain, Financial Dynamics
Telephone: +44 (0) 20 7831 3113 richard.mountain@fd.com
Corporate website: www.intertek.com
High resolution images of Intertek Group plc businesses are available to
download, free of charge from www.vismedia.co.uk.
ABOUT INTERTEK
Intertek is a leading international provider of quality and safety services to a
wide range of global and local industries. Partnership with Intertek brings
increased value to customers' products, processes and ultimately supports their
success in the global market place. Intertek has the experience, expertise,
resources and global reach to support their customers through their network of
over 850 laboratories and offices, 16,000 people in more than 100 countries
around the world.
This information is provided by RNS
The company news service from the London Stock Exchange
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