Intertek Group Full Year 2023 Earnings: EPS Misses Expectations

Intertek Group (LON:ITRK) Full Year 2023 Results

Key Financial Results

• Revenue: UK£3.33b (up 4.3% from FY 2022).
• Net income: UK£297.4m (up 3.0% from FY 2022).
• Profit margin: 8.9% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: UK£1.84 (up from UK£1.79 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Intertek Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%.

The primary driver behind last 12 months revenue was the Consumer Products segment contributing a total revenue of UK£935.8m (28% of total revenue). Explore how ITRK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the United Kingdom.

Performance of the British Professional Services industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Intertek Group.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.