Intertek Group plc (ITRK) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to Intertech November 2025 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 9 to raise your hand and star 6 to unmute. Instructions will also follow at the time of Q&A. I would like to remind all participants that this call is being recorded. Questions will follow after the presentation. I will now hand over to André Lacroix, Chief Executive Officer, to start the presentation. Thank you. Good morning to you all and thanks for joining us on our call. I have with me Con Dizzi, our CFO, and Denis Moreau, our VP of Investor Relations. There are essentially five key takeaways from our call today regarding our July-October trading statement. First, we have benefited from a robust growth in our two highest margin divisions, consumer product and corporate assurance, in the July-October period, where we've delivered a 5.8% like-for-like revenue growth on a combined basis, despite a very demanding base last year. Second, we saw trading momentum improve in industry and infrastructure, with a strong acceleration in minerals and a good pickup in building and construction. Third important message on transportation technology, the restructuring in the automotive sector in Q3 results in double-digit negative like-for-like revenue growth in transportation technology. The group like-for-like performance in July-October ex-transportation technology was in line with the run rate we had in the first half. Of course, we continue to invest in growth with the three acquisitions that we've made in 2025 in high growth...