At Intertek, the power of amazing is the driving force behind everything we do and forms the bedrock of our unique culture. For over 130 years, we have led the industry with an ever-better approach and pioneering spirit, harnessing the ingenuity and dedication of our caring colleagues to deliver trusted, mission-critical solutions that empower

We are pleased to share our Year in Review 2024, which includes our Annual Report & Accounts in our unique three-report format, as well as more information about how we’re unleashing ‘the power of amazing’, which lies in the energy and passion of our incredible colleagues and the work they do every day.

Download the full report (PDF 16.6mb)
CEO’s welcome Welcome to our year in review. I would like to thank all my colleagues for their unwavering support and energy which has enabled us to deliver another strong performance in 2024. The power of our amazing, high-performance culture means we are a force for good, creating sustainable growth and superior value for all our stakeholders.
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André Lacroix Chief Executive Officer

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Strategic highlights

  • As a purpose-led organisation, we are energised about making the world a better place through the partnerships we have built over the years with all our stakeholders.
  • The Science-based Customer Excellence of our talented colleagues gives us a unique competitive advantage, enabling organisations to power ahead safely and sustainably.
  • Our clients are increasing their focus on Risk-based Quality Assurance to operate with higher standards across their value chain, triggering a higher demand for our ATIC solutions.
  • Our AAA differentiated growth strategy is accelerating growth for all, benefitting from the increased investments of our clients in Total Quality Assurance.
  • We will capitalise on our proven high growth cash compounder earnings model to unlock the significant value growth opportunity ahead, while improving ourselves in those areas where we can make an even greater difference.
  • We are well positioned to continue to deliver sustainable growth and value for all our stakeholders.

Sustainability highlights

  • Levels of Hazard Observations increased for the fifth consecutive year, reflecting greater levels of activity across our sites as well as greater awareness and reporting of health and safety overall.
  • Since 2015, we have used the Net Promoter Score (NPS) process to listen to our customers, enabling us to improve our customer service over the years consistently. In 2024, we conducted on average 6,036 NPS interviews per month.
  • We reduced our operational market-based emissions by 16.7% against 2023 and 47.2% against our base year 2019.
  • In 2024, we conducted a preliminary Double Materiality Assessment to help us meet upcoming requirements.
  • We recognise the importance of employee engagement in driving sustainable performance for all stakeholders, and we measure employee engagement against our Intertek ATIC Engagement Index. In 2024, we achieved a new high score of 91 (2023: 87).
  • Our voluntary permanent employee turnover improved to a five-year low rate of 11.2% in 2024 (2023: 12.3%).

Financial highlights

  • Revenue

    £3,393.2m

    2023: £3,328.7m

  • Adjusted free cash flow

    £408.8m

    2023: £378.4m

  • Statutory operating profit

    £535.7m

    2023: £486.2m

  • Adjusted operating margin

    17.4%

    2023: 16.6%

  • Return on Invested Capital

    22.4%

    2023: 20.5%

  • Adjusted diluted EPS

    240.6p

    2023: 223.0p

  • Dividend per share

    156.5p

    2023: 111.7p

  • Statutory diluted EPS

    212.7p

    2023: 183.4p

  • Like-for-like revenue

    £3,378.8m

    2023: £3,324.1m

  • Adjusted operating profit

    £590.1m

    2023: £551.1m

  • Statutory operating margin

    15.8%

    2023: 14.6%

The Power Of Amazing the power of amazing

For over 130 years, we have been pioneers, lighting the way with ingenious solutions that touch every part of modern life. Our culture empowers our people and creates sustainable growth and value for all our stakeholders.

Our caring and trusted people live by our values, working with passion and integrity to make a real difference. Their energy and commitment ensure our customers become ever more resilient, and that we all thrive and work together to make the world better, safer, and more sustainable.

The power of culture

We’re unleashing the power of amazing through an ever better, ingenious, caring, trusted and thriving culture.

Theme trust

The power of building trust

Building strong brands through Quality Assurance

Bill Zhang, General Manager of Hardlines East China, talks about the rigour of the testing process on juvenile products and why he feels that every detail is so important to building trust with customer and consumers.

Theme culture

The power of a thriving culture

A winning culture, driven by our people

Smriti Chand, Vice President Human Resources Asia Pacific, discusses the benefits of our amazing 10X culture and the development opportunities at Intertek that mean we can all thrive, creating sustainable growth and value for all stakeholders.

Theme better

The power of ever better Intertek

Using data and insights to deliver the expertise our customers need

Handan Milewski, Vice President Global Softlines, discusses how the data-driven solutions we provide help brands manage and communicate the environmental and social impacts of their products, to become ever better.

Theme thinking

The power of ingenious thinking

Delivering cutting-edge solutions

Clarissa Benfield, Director, Electrical (Medical, Laboratory, and Life Safety and Security), explains how the medical devices we validate and test make an amazing difference to people’s health and are vital in saving lives.

Theme caring

The power of caring people

Caring for people and the planet

Jeyapal P, Zonal Head, South India Softlines, tells why community support is so important to him and his colleagues and the deep and positive impact it makes.

The power of Sustainability Excellence

Sustainability is the movement of our time and central to everything we do at Intertek. We create positive impacts through the work we do for our clients and make progress on our own sustainability agenda by engaging our colleagues in our ever better journey. We do this through implementing detailed site-by-site action plans, accurate sustainability performance measurement and strong governance. We hold ourselves to account in line with our own TSA standards, international best practice, the expectations of our stakeholders and future regulations.

Communities

Communities

Creating positive impacts in the communities where we operate.

Responsible Business

Responsible Business

Uncompromising on quality and compliance.

People and culutre

People and Culture

Our goal is to have fully engaged employees working in a safe environment.

Working with people

Working with Customers

Ensuring our customers can operate safely and sustainably.

Environment

Environment

Decarbonising our business by 2050.

Ring

The power of amazing in action

Transportadora

Strengthening Transportadora’s business continuity plans

Read more
Sustainable Transportation

Engaging employees in sustainable transportation initiatives

Read more
Communities In Australia

Advancing reconciliation efforts across our communities in Australia

Read more
STEM

Providing quality STEM education to thousands of young people

Read more
iStok

Intertek Methane Clear – providing accurate and independent measurement and verification

Read more
Champions

Champions programme goes from strength to strength

Read more
Interlink

Addressing all quality assurance needs on a single platform

Read more
Inform

Offering seamless access to Standards through Intertek Inform

Read more
Honey Trace

HoneyTrace – traceability from hive to jar

Read more
Caleb Brett

Intertek Caleb Brett – expanding industry leading testing capabilities

Read more
Leadership

10X Leadership programme

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Mark And Spancer

Ensuring the durability of M&S clothing

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Reporting downloads

We are pleased to share with you our Annual Report & Accounts in a unique, three book format: 

  • Report 1 – Strategic Report

    Where we discuss our growth opportunities and strategic performance

  • Report 2 – Sustainability Report

    Where we discuss our environmental, social and governance progress

  • Report 3 – Financial Report

    Where we record our financial activities, performance and position

These separate, but connected books, with their interconnected themes and narratives, allow us to present what we achieved in 2024 in a systemic, end-to-end architecture. They have been designed to make it easier for our stakeholders to fully understand our business, how we bring quality and safety to life, what we offer our clients and society, and the opportunities we have ahead of us. 

Sustainability Disclosure Index

The 2024 Intertek Sustainability Disclosure Index is complementary to our published reports and sets out how our latest disclosures map to our own Total Sustainability Assurance standards, the Global Reporting Initiative (GRI) and applicable Sustainability Accounting Standards Board (SASB) requirements.

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Report 1

strategic report

Download report (PDF 5.91Mb)
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Report 2

sustainability report

Download report (PDF 10.0Mb)
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Report 3

financial report

Download report (PDF 1.38Mb)
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