Intertek Group plc (OTCPK:IKTSF) Q3 2024 Results Conference Call November 26, 2024 4:30 AM ET
Company Participants
Andre Lacroix – Chief Executive Officer
Conference Call Participants
Rory McKenzie – UBS
Annelies Vermeulen – Morgan Stanley
Suhasini Varanasi – Goldman Sachs
Carl Raynsford – Berenberg
Allen Wells – Jefferies
Arthur Truslove – Citi
Tom Burlton – BNP Paribas
James Rosenthal – Barclays
Sylvia Barker – JPMorgan
Operator
Good day, ladies and gentlemen, and welcome to Intertek November 2024 Trading Update. [Operator Instructions]. We would like to remind all participants that this call is being recorded. Questions will follow after the presentation.
I will now hand over to Andre Lacroix, Chief Executive Officer, to start the presentation.
Andre Lacroix
Good morning to you all, and thanks for joining us on our call. I’m with Colm Deasy, our CFO; and Denis Moreau, our VP of Investor Relations.
There are five key takeaways in our call today. In the July to October period, we have benefited from a strong demand in consumer products, corporate assurance and health and safety, where we delivered 9.5% like-for-like revenue growth on a combined basis. Trading was in line with our guidance and industry infrastructure as well as [indiscernible]. At the end of October, we have delivered a strong margin progression and an excellent free cash flow performance. We are on track to deliver strong performance in 2024, and we are well-positioned to deliver another strong performance in 2025.
I want to start our call today by answering the most frequently asked questions in our investor meetings. And the first question we get is how strong was the demand for your ATIC solution within consumer product in H2? We’ve seen indeed a sequential demand acceleration with like-for-like revenue growth of 9.4% in the last 4 months compared to 6% in H1. This acceleration was
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