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

INTERTEK GROUP PLC

(ITRK)
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Intertek : Wins IAOB Certification Body of the Year Award

11/02/2020 | 12:01am EST

Lowell, MA, November 02, 2020 --(PR.com)-- Intertek, a leading Total Quality Assurance provider to industries worldwide, has been awarded the IAOB 2020 Certification Body of the Year award by the International Automotive Oversight Bureau. The award was announced at the Automotive Industry Action Group (AIAG) Quality Summit on October 22.

IAOB Certification Body of the Year is the company's official program to recognize IAOB Certification Bodies who achieve the high-performance standards necessary to meet IATF and IAOB expectations.

The IAOB is one of the International Automotive Task Force (IATF) Oversight offices who manages 20 of the 41 IATF-recognized Certification Bodies. The Oversight offices were established to implement and manage the IATF 16949 audit and certification scheme on behalf of the IATF. The IATF is a group of automotive manufacturers and their respective trade associations, formed to provide improved quality products to customers worldwide.

Intertek performs audits to the IATF 16949 Automotive Quality Management System standard, which ensures organizations are creating quality products and performing services in accordance with stringent automotive industry expectations. It IATF 16949 standard defines the quality management systems requirements for the design and development, production, assembly, and installation of automotive-related products, as well as relevant services to the automotive industry. Intertek has been affiliated with auditing quality management systems for automotive customers for more than 20 years.

Earlier this year, the IAOB announced the criteria for this award. Some of the key criteria were:

· Performance complaints
· IATF database accuracy and entry timeliness
· Management of IAOB-issued non-compliances through office and witnessed audits
· Management of Intertek-issued non-compliances
· Innovation and partnership though working with IAOB on new initiatives and pilot programs

James Bruin, IAOB Executive Director said, “Congratulations to Intertek on winning this award. The IAOB strives to work with the best IATF-recognized certification bodies who can consistently deliver excellent audit and certifications services to the automotive supply chain. We think you are an integral part of the automotive industry. We appreciate and value our strong partnership for the success of the IATF 16949 scheme.”

Calin Moldovean, Intertek President of Business Assurance and Food Services said, “We are honored to be awarded Certification Body of the Year by IAOB. This award is a reflection of the excellent teamwork across the globe and acts as a great motivator to drive continuous improvement. Intertek’s goal is to provide the highest level of total quality assurance to all its automotive clients, and awards such as this demonstrate our capabilities to current and prospective customers.”

Contact Information:
Intertek
Lauren Whittemore
+1-800-810-1195
Contact via Email
https://www.intertek.com

Read the full story here: https://www.pr.com/press-release/824416

Press Release Distributed by PR.com

Copyright © 2020 PR.com and its licensors , source US Press Releases

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Financials
Sales 2020 2 772 M 3 767 M 3 767 M
Net income 2020 225 M 305 M 305 M
Net Debt 2020 750 M 1 018 M 1 018 M
P/E ratio 2020 39,5x
Yield 2020 1,81%
Capitalization 8 971 M 12 194 M 12 188 M
EV / Sales 2020 3,51x
EV / Sales 2021 3,31x
Nbr of Employees 45 653
Free-Float 99,1%
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Technical analysis trends INTERTEK GROUP PLC
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 22
Average target price 5 912,10 GBX
Last Close Price 5 574,00 GBX
Spread / Highest target 27,4%
Spread / Average Target 6,07%
Spread / Lowest Target -26,4%
EPS Revisions
Managers and Directors
NameTitle
André Lacroix Chief Executive Officer & Executive Director
Andrew David Martin Chairman
Ross McCluskey Chief Financial Officer & Executive Director
Diane Bitzel Chief Information Officer
Pamela Louise Dame Makin Independent Non-Executive Director
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