Intertek Group plc (ITRK) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to Intertech Full Year Results 2024. 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. 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 Andre Lacroix, Chief Executive Officer, to start the presentation. Good morning to you all and thanks for joining us on a call today here from London. I have with me Colm Deasy, our CFO and Denis Moreau, our VP of Investor Relations. In 2024, we've delivered a strong performance with earnings slightly ahead of market expectations. And I would like to start our call today by recognizing all of my colleagues around the world for their incredible support. Here are the key takeaways of our presentation today. 2024 marks the fourth consecutive year of consistent mid-single-digit like-for-like revenue growth in line with the strategic guidance we gave at our capital market event a couple of years ago. Profit conversion was strong with a margin increase year-on-year of 100 bps. EPS growth at constant currency was 15.2%. We had very strong cash performance and delivered a record adjusted cash flow of 700 bps. 89 million pounds. RIC was outstanding at 22.4%, up year-on-year by 250 basis points. And our dividends to shareholders are up 40.1%. Importantly, moving forward, the value growth opportunity ahead of us is significant. We expect a robust financial performance in 2025. We are announcing to...