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MW: Intertek revenue rises 3.3% despite oil headwinds
 
LONDON--Intertek Group PLC (ITRK.LN), a provider of testing services, Friday said it is performing in line with company expectations as it reported a rise in revenue.

Revenue rose 3.3% between Jan. 1 to April 30. The group's operating margin was "broadly similar" to the same period in 2014, it said.

It said it is experiencing good growth in most businesses and geographies, even as there are continued challenging conditions in its oil and gas businesses.

Intertek's full-year revenue growth expectations excluding acquisition and disposals are unchanged and the group said it continues to expect a full-year margin "broadly similar" to 2014.

In the medium term, it expects to post mid-single digit organic revenue growth.

Shares closed Thursday at 2,705 pence, valuing the company at GBP4.37 billion ($6.89 billion).
Source