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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Intertek Group    ITRK   GB0031638363

INTERTEK GROUP (ITRK)
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Intertek : Saudi Al Watania wins key Intertek certifications

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06/13/2018 | 04:40pm CEST

Saudi-based Al Watania for Industries (WFI), a downstream manufacturing company, said it has won three globally recognised ISO certifications from Intertek, a leading total quality assurance provider to industries worldwide.

The three certifications include, ISO 9001:2015; ISO 14001:2015; and OHSAS 18001:2007, said a statement from the company.

The certifications were awarded to WFI for successfully meeting the international standard requirements for implementing integrated quality, environmental and occupational health and safety management systems across its main office in Riyadh, as well as in its five strategic business units (SBUs) in the kingdom, it said.

An official award ceremony was held at WFI and was attended by the company's board of directors and leadership team. All certificates, accredited by United Kingdom Accreditation Service (UKAS), were presented by Samir Ahmed, general manager - business assurance for the Gulf region at Intertek; to Sheikh Fahad Sulaiman Al Rajhi, WFI's vice chairman; and Engineer Ibrahim I Behairi, WFI's chief executive officer, it added.

On the achievement, Behairi said: "Intertek's high level of technical expertise and customer-focused approach ensured that the certification process was achieved in a smooth, efficient way."

"Our sincere thanks go to the team at Intertek for demonstrating outstanding professionalism and for extending excellent support throughout the exercise," he stated.

Intertek's comprehensive range of auditing and certification services ensure that management systems are optimised to facilitate successful growth, lower costs, and add strategic value, he added.

Ahmed said the certification of WFI to the three most coveted international standards was indeed a great milestone for the company, following its implementation of integrated management systems.

"Completing these global management standards reflect the ability of WFI to streamline its processes in a way that will allow it to continually improve and enhance its performance," he noted.

"The commitment of the top management to successfully implement this system across the company's business units is also highly commendable. We thank WFI for choosing us as its strategic partner to achieve this excellence," he added.-TradeArabia News Service

آ© Copyright 2014 www.tradearabia.com

(c) 2018 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (GBP)
Sales 2018 2 805 M
EBIT 2018 476 M
Net income 2018 309 M
Debt 2018 555 M
Yield 2018 1,76%
P/E ratio 2018 28,10
P/E ratio 2019 25,94
EV / Sales 2018 3,22x
EV / Sales 2019 3,00x
Capitalization 8 486 M
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Mean consensus HOLD
Number of Analysts 16
Average target price 51,9  GBP
Spread / Average Target -1,7%
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Managers
NameTitle
André Lacroix Chief Executive Officer & Executive Director
Andrew David Martin Chairman
Edward Leigh Chief Financial Officer & Executive Director
Ann-Michele Bowlin Chief ATIC Innovation Officer
Diane Bitzel Chief Information Officer
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