Business
2016 Strategy Update
2016 Strategy Update.
About this update from Intertek Group Plc
[{"type":"text","content":"\n \nRNS Number : 7128Q Intertek Group PLC 02 March 2016 \n\nFor a printer friendly version of this announcement, please click on the link below: -\nhttp://www.rns-pdf.londonstockexchange.com/rns/7128Q_1-2016-3-1.pdf\n \n \nSTRATEGY UPDATE\n2 MARCH 2016\n \n\n\n\n\nPortfolio Focus on Attractive Growth and Margin Opportunities\n\n\n\n\n \nAndré Lacroix, CEO Intertek Group plc, is today announcing a strategic update outlining the Group's plan to deliver the next chapter of growth for Intertek.\n \nOVERVIEW\n· High margin and strongly cash generative earnings model\n· Attractive growth prospects in the Quality Assurance market\n· Strategic focus in areas with good growth and good margin prospects\n· Disciplined approach to performance management and capital allocation\n· 5x5 strategy based on five strategic priorities and five enablers\n \n\n\n\n\nAndré Lacroix: Chief Executive Officer statement\n\n\n\n\n \n\"Intertek has a strong track record of delivering sustainable growth and shareholder value creation. Moving forward, we see attractive growth opportunities in the Quality Assurance market as corporations seek to reduce risk in their increasingly complex operations and supply chains. Our Value Proposition positions us well to address the future needs of our clients for Total Quality Assurance across the three core sectors of the economy globally - Products, Trade and Resources. \n \nWe are today setting out our 5x5 strategy that will move the centre of gravity of the company towards the attractive growth and margin areas in the industry. This strategy will see us pursue a disciplined approach to performance management and capital allocation as we invest organically and make value enhancing acquisitions to strengthen our portfolio.\n \nThis strategy will drive the Intertek business to deliver in the medium to long-term, global GDP plus organic revenue growth, margin accretion from growth and productivity, and strong cash generation that together will create sustainable returns for our shareholders.\"\n \n \nA video covering the Strategy Update is available to be viewed on the Group's website - http://www.intertek.com/ \n \nEnquiri...