Intertek announced a strategic review to potentially split its Testing & Assurance and Energy & Infrastructure divisions, targeting completion by mid‑2027.
Q1 like‑for‑like revenue rose 5.4% YoY at constant currency, beating the 3.4% consensus, driven by 10.8% Corporate Assurance growth.
Shares surged over 13% in London trading following the announcement, reflecting market optimism about the potential demerger value creation.
Intertek kept its full‑year guidance unchanged, targeting mid‑single‑digit like‑for‑like revenue growth and strong free cash flow in 2026.