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

INTERTEK GROUP (ITRK)
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Intertek : integrated solutions drive the future of Asset Integrity Management

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09/24/2017 | 08:05am CEST

September 24, 2017

Abu Dhabi, United Arab Emirates
- Intertek, a leading Total Quality Assurance provider to industries worldwide, announces its participation at the Society of Petroleum Engineers' (SPE) workshop in Abu Dhabi on 26-27 September. Intertek will be providing insight on how oil and gas companies can secure the safety and uninterrupted operation of their assets by utilizing the company's integrated Asset Integrity Management (AIM) solutions. The SPE is the largest individual-member organisation within the upstream segment of the oil and gas industry, serving managers, engineers, scientists and other professionals worldwide. Intertek's experts will be presenting AIM best practices that help asset owners and operators ensure sustainable, efficient and profitable operations. In addition, the team will participate in a panel discussion on 'Increasing performance with Asset Integrity', and will highlight how asset integrity plays a vital role in driving performance. Managing the integrity of personnel, processes and equipment, helps clients apply the proper inspection and testing techniques in order to minimise risk and maintain safety. Ahmed Al Goburi, General Manager of Asset Integrity Management and Shahzad Ali, RBI Engineer, Asset Integrity Management Services at Intertek, is presenting at the two-day event, and will showcase Intertek's broad range of AIM capabilities. Intertek's Total Quality Assurance approach benefits customers by providing an integrated range of asset integrity solutions that include in-house materials and non-destructive testing, flow simulation and access to specialist inspection software called Aware, which can reduce inspection costs by up to 60% without compromising safety whilst protecting a plant's personnel, equipment and the environment. Ahmed Al Goburi, Intertek, said: 'We are pleased to be part of this workshop, which will provide a platform to exchange ideas and share our in-depth knowledge, innovations, methodologies and tools to help meet our global customers' need for total quality assurance, asset reliability, efficiency, safety and profitability.'

About Intertek
Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices and over 42,000 people in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers' operations and supply chains. Intertek Total Quality Assurance expertise, delivered consistently with precision, pace and passion, enabling our customers to power ahead safely. www.intertek.com

FOR MEDIA INFORMATION:
Please contact Mayssa Makhlouf Borouj Consulting, Mayssa@boroujconsulting.com
FOR TECHNICAL INFORMATION:
Ahmed Al Goburi, ahmed.algoburi@intertek.com

Intertek Group plc published this content on 24 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 September 2017 06:04:04 UTC.

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Financials (GBP)
Sales 2018 2 809 M
EBIT 2018 472 M
Net income 2018 306 M
Debt 2018 710 M
Yield 2018 1,95%
P/E ratio 2018 25,72
P/E ratio 2019 23,65
EV / Sales 2018 3,01x
EV / Sales 2019 2,79x
Capitalization 7 740 M
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Mean consensus HOLD
Number of Analysts 16
Average target price 51,9  GBP
Spread / Average Target 8,2%
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Managers
NameTitle
André Lacroix Chief Executive Officer & Executive Director
David Edward Reid Chairman
Ross McCluskey Chief Financial Officer & Executive Director
Ann-Michele Bowlin Chief ATIC Innovation Officer
Diane Bitzel Chief Information Officer
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