Assurance, testing, inspection and certification (ATIC) services provider Intertek Group PLC (LSE:ITRK) provided a “typically upbeat and ebullient” trading update today, per the words of Shore Capital Markets.
The company reported like-for-like (LFL) revenue growth of 7% at constant currency for the first four months of 2024.
Divisional growth was strong, with Consumer Products growing by 6.2%, Corporate Assurance by 7.6%, Health and Safety by 9.9%, Industry and Infrastructure by 4.2%, and World of Energy by 9.4%.
“We fundamentally like these ‘ATIC’ activities… being a necessary and growing element within the global economy, underpinning quality companies’ operations,” said Shore Cap.
Shares added 2.85%.