Intertek Group plc’s Q4 2024 Earnings Call Transcript: Insights and Impacts
On March 4, 2025, at 4:30 AM ET, Intertek Group plc (OTCPK: IKTSF) held its Full Year Results 2024 earnings call. The following transcript provides a glimpse into the discussions between the company’s executives and analysts.
Company Participants:
- Andre Lacroix – Chief Executive Officer
- Colm Deasy – Chief Financial Officer
Conference Call Participants:
- Rory McKenzie – UBS
- Neil Tyler – Redburn Atlantic
- Annelies Vermeulen – Morgan Stanley
- Sylvia Barker – JPMorgan
- Allen Wells – Jefferies
- Carl Raynsford – Berenberg
- Karl Green – RBC Capital Markets
Earnings Call Transcript:
Andre Lacroix: Good day ladies and gentlemen and welcome to Intertek Full Year Results 2024. At this time, all participants are in listen-only mode.
Colm Deasy: I’d like to begin today’s call by providing an overview of our financial performance for the year ending December 31, 2024. Our revenue for the year came in at £5.2 billion, up 5% from the previous year. Our adjusted operating profit was £1.1 billion, representing a 7% increase from 2023. Adjusted earnings per share were 122.9 pence, up 8% from the previous year.
Rory McKenzie (UBS): Good morning, Colm. Could you please provide some color on the drivers behind the revenue growth?
Colm Deasy: Absolutely, Rory. Our growth was driven by strong demand in our Energy segment, particularly in the renewables sector. Our Testing & Inspectorate Business also performed well, with growth in both the Consumer and Industrial sectors.
Neil Tyler (Redburn Atlantic): Colm, could you elaborate on the renewables sector growth?
Colm Deasy: Certainly, Neil. Renewables accounted for over 10% of our total revenue in 2024, up from 8% in 2023. The increase is due to the growing demand for renewable energy sources and our strategic acquisitions in this area.
Annelies Vermeulen (Morgan Stanley): Andre, could you discuss any strategic initiatives or investments for 2025?
Andre Lacroix: Yes, Annelies. We plan to invest in expanding our digital capabilities and enhancing our customer experience. We will also continue to pursue strategic acquisitions in high-growth areas, such as renewables and the circular economy.
Sylvia Barker (JPMorgan): Colm, could you update us on the outlook for 2025?
Colm Deasy: We expect to deliver revenue growth of around 4-6% in 2025, driven by our Energy and Testing & Inspectorate Businesses. Our adjusted operating profit margin is expected to remain stable at around 21%.
Impacts on Individuals:
Intertek’s strong performance in the renewables sector is a positive sign for those invested in the renewable energy industry. The company’s strategic acquisitions and investments in digital capabilities and customer experience enhancements could lead to increased efficiency and improved services for consumers and businesses.
Impacts on the World:
Intertek’s growth in the renewables sector reflects the global shift towards renewable energy sources. The company’s strategic acquisitions and investments could contribute to the expansion of the renewable energy industry and the reduction of greenhouse gas emissions. Additionally, the company’s focus on digital capabilities and customer experience could lead to more efficient and convenient services for consumers and businesses.
Conclusion:
Intertek Group plc’s Q4 2024 earnings call provided insights into the company’s strong financial performance, driven by the renewables sector and strategic acquisitions. The company’s plans to invest in digital capabilities and customer experience enhancements could lead to improved services for consumers and businesses. The global shift towards renewable energy sources and the company’s strategic investments in this area could contribute to the expansion of the renewable energy industry and the reduction of greenhouse gas emissions. Overall, Intertek’s performance is a positive sign for those invested in the renewable energy industry and for those seeking more efficient and convenient services.
That concludes our analysis of Intertek Group plc’s Q4 2024 earnings call. Stay tuned for more insights and impacts on the world of business and technology. Good day!
