2024-05-24 13:57:10 ET
Intertek Group plc (IKTSF)
May 2024 Trading Update Call
May 24, 2024, 02:45 AM ET
Company Participants
André Lacroix - Chief Executive Officer
Conference Call Participants
Rory McKenzie - UBS
Neil Tyler - Redburn Atlantic
Arthur Truslove - Citi
Suhasini Varanasi - Goldman Sachs
Sylvia Barker - JPMorgan
James Rosenthal - Barclays
Presentation
Operator
Good day, ladies and gentlemen, and welcome to Intertek May 2024 Trading Update. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] 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 to start the presentation.
André Lacroix
Good morning to you all, and thanks for joining our call today. I'm here with Colm, our CFO; and Denis, our VP of Investor Relations.
And there are essentially five take-aways from our call today: first, trading in the first four months of the year were slightly stronger than expected with 7% like-for-like revenue growth at constant currency; we've delivered a robust margin performance by -- driven by pricing, operating leverage, cost control and productivity improvements; our disciplined cash conversion drove strong free cash flow; we are reconfirming our full year guidance at constant currency; and the execution of our AAA differentiated growth strategy is on track.
I would like to start our call today by answering the most frequently asked questions we've had in meetings since we announced our full year results a few weeks ago....
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Intertek Group plc (IKTSF) May 2024 Trading Update Transcript