Intertek Group PLC: Initiation of Coverage- Strategic Innovation & Market Access Expansion Can Help Maintain Its Solid Market Position! 

Intertek Group PLC reported a solid financial performance for the fiscal year 2024, slightly surpassing market expectations. The company achieved its fourth consecutive year of mid-single-digit like-for-like revenue growth, with a 6.6% increase at constant exchange rates, supported by both volume and price enhancements. Operating profit rose by 13% at constant currency, coupled with a robust operating margin improvement of 100 basis points to 17.4%. These financial results underscore Intertek’s ability to manage growth and profitability amidst a challenging macroeconomic environment, influenced by fluctuating currency rates.