Intertek Group plc (ITRK) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to Intertech November 2024 Trading Update. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session. If you wish to ask a question, we ask that you please use the raise hand function at the bottom of your Zoom screen. If you have dialed in, please select star nine to raise your hand and star six to unmute. Instructions will also follow at the time of Q&A. 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. Good morning to you all, and thanks for joining us on our call. I'm with me, Cam Dizio, CFO and Denny Moreau, 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 in industry infrastructure as well as At the end of October, we've delivered a strong margin progression and an excellent free cash flow performance. We are on track to deliver a 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 ethics 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 four months compared to 6% in H1. This acceleration was driven by a strong double-digit lik...