Intertek Group PLC released a trading statement on May 22, 2025, highlighting a strong start to the year and expectations for robust performance in 2025. The company reported January-April revenue of £1,093.9 million, reflecting a growth of 4.6% at a constant currency rate and 1.2% at actual rates. This growth was driven by strong like-for-like (LFL) performance in higher-margin divisions: Consumer Products (7.8%), Corporate Assurance (8.9%), Health and Safety (3.5%), and Industry and Infrastructure (2.7%). The World of Energy division maintained stable LFL revenue.
Interteks CEO, André Lacroix, attributed the positive results to the companys mission-critical role in providing industry-leading ATIC solutions to a diverse client base across all divisions. The companys unique position in helping businesses navigate global trade and supply chain changes, along with its data-driven insights and technical expertise, has driven increased demand for their services. Intertek expects to continue its strong performance throughout 2025, with a focus on executing its AAA growth strategy and delivering consistent corporate targets.
The companys outlook for 2025 remains positive, with expectations of mid-single-digit LFL revenue growth at constant currency, margin progression, and strong free cash flow. Interteks financial guidance includes capital expenditure of £135-145 million, net finance costs of £42-44 million, an effective tax rate of 25-26%, and minority interests of £23-24 million. The company also targets a dividend payout ratio of approximately 65%.
Interteks recent bolt-on acquisitions, investments in innovation, and commitment to sustainability further strengthen its position in the market and contribute to its overall growth strategy. The company believes that the current tariff discussions will create additional growth opportunities by creating new global trade routes and increasing demand for their ATIC solutions.