Intertek lifts guidance after strong sales performance

(Sharecast News) - Testing laboratories company Intertek on Tuesday lifted annual guidance as it reported a 6.6% jump in like-for-like revenue for the four months to October 30. Sales for the period came in at £1.1bn.

"In 2024, we are increasing our full year guidance and now expect our consumer products division to deliver high-single digit like-for-like revenue growth at constant currency," the company said in a trading statement.

"We delivered a strong performance in the July-Oct period with consumer products, corporate assurance and health and safety, which represent 74% of group earnings, growing LFL revenue 9.5%,".

Trading in Intertek's industry and infrastructure and the world of energy was in line with guidance, it added.

Reporting by Frank Prenesti for Sharecast.com