£2,166m +3.5% from 2014Revenue
1,000Labs and Offices
Assurance ensures our customers identify and mitigate the intrinsic risk in their operations, supply chain and quality management systems.
Testing is evaluating how products and services meet and exceed quality, safety, sustainability and performance standards.
Inspection is validating the specifications, value and safety of raw materials, products and assets.
Certification is certifying that products and services meet trusted standards.
Bringing Quality and Safety
To Become the World’s Most Trusted Partner for Quality Assurance.
We want to leverage our passionate culture to deliver a superior customer service with engaged employees, excellence, diversity, innovation, agility, teamwork and collaboration.
We estimate that the wider market opportunity for our Assurance, Testing, Inspection and Certification ('ATIC') solutions is $250bn with significant growth opportunities.
It is currently dominated by in-house testing, while the external market is extremely fragmented.
We see four key attractive growth opportunities in the Quality Assurance Market
The structural growth drivers in both Assurance, and Testing, Inspection and Certification ('TIC') taking advantage of our customers' needs for Total Quality Assurance.
Growing our market share with existing customers and through providing additional services across more products or projects and a wider coverage of the supply chain.
Gaining new customers and convincing those businesses performing in-house testing that they should outsource.
Leveraging our highly cash-generative business model and strong balance sheet through selective acquisitions.
Structural drivers include: quality solutions and sustainability demand, R&D, regulation, brand and supply chain expansion and risk management.
Softlines, Hardlines, Electrical & Wireless, Business Assurance, Building & Construction, Transportation Technologies, Chemicals & Pharmaceuticals, Product Assurance, Food and Health, Environmental & Regulatory Services
Group Operating Profit68%
Continuing growth from expanding investment in quality and innovation
Structural drivers include: global GDP growth, quality and quantity control requirements during transportation
Cargo & Analytical Assessment, Agriculture, Government & Trade Services
Group Operating Profit22%
Global and regional trade flow growth
Structural drivers include: capex & opex investment, increased resources activity and long-term demand for energy
Industry Services, Minerals
Group Operating Profit10%
The Intertek Total Quality Solutions Proposition provides a systemic approach to supporting our customers’ Quality Assurance efforts in each of the areas of their operations including R&D, raw materials, sourcing, components suppliers, manufacturing, transportation, distribution and retail channels and consumer management.
To seize the exciting ATIC growth opportunities ahead and deliver our Total Quality Assurance Proposition, we have developed our 5x5 strategy based on 5 clear strategic priorities and 5 enablers.