Business
2007 Full Year Results
2007 Full Year Results.
About this update from Intertek Group Plc
[{"type":"text","content":"\n Intertek Group PLC\n10 March 2008\n\n\n\n\n 2007 FULL YEAR RESULTS ANNOUNCEMENT\n 10 MARCH 2008\n\n\nIntertek Group plc ('Intertek'), a leading international provider of quality and\nsafety services, announces its full year results for the year ended 31 December\n2007.\n\n Record 2007 result - well positioned for continued growth in 2008\n\n+----------------------------+---------------+-------------+--------------+\n|Year ended 31 December | 2007| 2006| % change|\n| | | | |\n+----------------------------+---------------+-------------+--------------+\n|Revenue | £775.4m| £664.5m| + 16.7%|\n+----------------------------+---------------+-------------+--------------+\n|Operating profit(1) | £121.6m| £102.2m| + 19.0%|\n+----------------------------+---------------+-------------+--------------+\n|Profit before tax | £105.8m| £91.4m| + 15.8%|\n+----------------------------+---------------+-------------+--------------+\n|Adjusted profit before tax | £111.3m| £95.5m| + 16.5%|\n|(1) | | | |\n+----------------------------+---------------+-------------+--------------+\n|Basic earnings per share | 46.7p| 40.9p| + 14.2%|\n+----------------------------+---------------+-------------+--------------+\n|Earnings per share(2) | 49.7p| 43.2p| + 15.0%|\n+----------------------------+---------------+-------------+--------------+\n|Dividend per share | 18.0p| 14.8p| + 21.6%|\n+----------------------------+---------------+-------------+--------------+\nAll numbers are at actual exchange rates\n\n\nHighlights\n\n • Group revenue and operating profit(1) growth of 22.5% and 27.2%, at\n constant currency\n • Organic revenue and operating profit(1) growth of 13.0% and 15.2% at\n constant currency\n • Operating profit(1) margin increased by 30 bps to 15.7%\n • Operating cash flow of £149.1m, up 19.7%\n • Sixteen businesses acquired in 2007, for net consideration of £100m\n\n(1) Excluding amortisation of intangible assets arising on acquisitions £5.1m\n(2006: £3.8m) and goodwill impairment £0.4m (2006: £0.3m)\n(2) Diluted adjusted earnings per share based on adjusted profit\n\n\nWolfhart Hauser, Chief Executive Officer, commented:\n\n'I am delighted with these very strong results being the combination of strong\nperformance in all four divisions coupled with a significant contribution from\nacquisitions.\n\nOur clear and effective gr...