Intertek Group PLC (OTCPK:IKTSY)
$ 60.62 -0.51 (-0.83%) Market Cap: 9.77 Bil Enterprise Value: 11.10 Bil PE Ratio: 25.12 PB Ratio: 5.81 GF Score: 82/100
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Half Year 2022 Intertek Group PLC Earnings Call Transcript

Jul 29, 2022 / 06:45AM GMT
Release Date Price: $53.77 (-2.70%)
Operator

Hello, and welcome to the Intertek 2022 Half Year Results. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions). I will now hand over to your host, Andre Lacroix, to begin today's call.

Andre Pierre Joseph Lacroix
Intertek Group plc - CEO & Director

Good morning to you all, and thanks for joining us on our call. I have with me Jonathan Timmis, our CFO; and Denis Moreau, our VP of Investor Relations. There are 5 takeaways in our today's presentation. The first takeaway is that the group delivered a robust financial performance in H1, notwithstanding the impact of lockdown restrictions in China, we delivered at constant currency, a revenue growth of 9.5%, like-for-like revenue growth of 4.9%, and EPS growth of 6.7%, a robust free cash flow and an excellent ROIC. Outside of China, the group delivered like-for-like growth of 7.1%, one of the best like-for-like performance for many years at Intertek, a double-digit operating profit growth and importantly, a 20% -- 20 basis point margin accretion.

The second takeaway

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