Intertek stock weighs Q3 growth against EQT deal timeline

Intertek's third-quarter trading update points to resilient demand across most divisions, while the proposed EQT acquisition keeps the company in a significant transition phase. The update was published on October 28, 2026, and the full statement is available through Investegate.

Third-Quarter Growth Broadens

Intertek reported third-quarter revenue growth of 7.0% at constant currency, while like-for-like revenue increased 6.4%. Consumer Products led the reported divisional growth with 9.8% like-for-like expansion, followed by Industry and Infrastructure at 9.2% and Health and Safety at 7.5%.

Corporate Assurance grew 4.3% on a like-for-like basis. World of Energy was the weak spot, with like-for-like revenue declining 0.6% in the quarter. The mixed divisional picture leaves execution in the final quarter important for the group's margin and cash-flow objectives.

Outlook And Transaction Remain Key

Management maintained its expectation of mid-single-digit like-for-like revenue growth at constant currency for 2026, alongside continued margin progression, strong earnings growth and strong free cash flow. The company also expects net finance costs of 69 million to 70 million pounds and year-end net debt of 800 million to 850 million pounds before material foreign-exchange or merger-and-acquisition movements.

The EQT acquisition has received shareholder approval and remains on track for completion in the fourth quarter of 2026 or the first quarter of 2027, subject to outstanding regulatory approvals. Until completion, Intertek continues to report as a listed company, leaving operating performance and transaction execution as separate factors for investors.

Thursday Trading In London

Intertek stock traded at 71.25 euros on Lang & Schwarz at 13:28 CET on Thursday, November 12.

UK equity markets remain the relevant broader backdrop for Intertek, with investors also weighing the direction of the FTSE 100.

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