Intertek Group PLC
1 July 2003
Intertek Group plc ('Intertek')
Pre-close trading statement
Intertek, the global testing, inspection and certification company, will be
speaking with analysts over the next few days prior to entering its close period
for the six months ended 30 June 2003. The Interim results will be announced on
4th September 2003.
Further to the trading update given on 15th May 2003, we continue to believe
that trading for the year will be in line with market expectations. As described
on 15th May, there has been reduced activity in some areas of the business in
the first four months of the year. However, trading activity has been unaffected
by the spread of the SARS virus in Asia, and volumes in the inspection and
testing of oil cargoes have stabilised since the end of the Iraq war.
The continued weakness of the US dollar and US dollar related currencies will
have a direct translation effect on approximately 80% of the Group's operating
profits.
Intertek continues to benefit from the wide variety of products being made,
shortening product life cycles, the introduction of new safety standards, the
rising demand for quality and performance, and the expanding sourcing from Asia
and other Far East areas. The testing and inspection of consumer goods has been
especially strong.
Notes to Editors:
Intertek is a leading international testing, inspection and certification
organisation which assesses customers' products and commodities against a wide
range of safety, regulatory, quality and performance standards and in some
cases, certifies the management systems of customers. Intertek has over 250
laboratories with more than 10,000 people around the world and is increasingly
undertaking outsourced testing work for its customers.
For further enquiries, please contact:
Aston Swift Tel: 020 7396 3400
Group Treasurer and Investor Relations
Katie MacDonald-Smith Tel: 020 7427 5423
Tulchan Communications
Website: www.intertek.com
This information is provided by RNS
The company news service from the London Stock Exchange
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