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in 2021 HALF YEAR RESULTS ANNOUNCEMENT 30 July 2021 Strong Performance in Revenue , Earnings , Cash and ROIC Revenue of £ 1,317.6m : + 4.8 % at constant rates ; -1.0 % at actual rates Robust L4L revenue of + 5.8 % at constant rates : Products + 9.7 % ; Trade + 1.1 % ; Resources -1.6 % L4L revenue growth accelerated in May and June to 12.0 % : Products + 13.9 % ; Trade + 8.5 % ; Resources + 9.5 % Adjusted operating profit of £ 201.7m with operating margin increasing 260bps at constant rates to 15.3 % Adjusted diluted EPS of 78.2p : + 31.4 % at constant rates ; + 23.9 % at actual rates ; statutory diluted EPS of 70.9p Strong Cash conversion of 135 % , robust balance sheet with net debt of £ 435m Investments to seize attractive organic and inorganic growth opportunities Interim dividend payment of 34.2p ; unchanged on prior year Return on invested capital of 23.4 % , + 400bps YoY and + 360bps at constant rates Well positioned to benefit from the growth acceleration in the global Quality Assurance industry André Lacroix : Chief Executive Officer Statement " I would like to thank all of our colleagues for having delivered a strong performance in the first half of 2021. Group revenue was £ 1,317.6m , up a robust 5.8 % like - for - like at constant rates with growth accelerating through the period . We have made continued progress on margin , profitability and free cash flow , with margins increasing to 15.3 % , EPS growth of 23.9 % and strong cash conversion of 135 % at actual rates . We have announced an unchanged interim dividend of 34.2p . The Group is on track to deliver a strong 2021 with robust like - for - like revenue growth , year on year margin progression and a strong free cashflow performance , notwithstanding the lockdown restrictions in several of our markets impacting the supply chains of our clients and mobility . We expect our Products division to deliver robust like - for - like revenue growth and both Trade and Resources to deliver good like - for - like revenue growth . We are investing to seize the attractive growth opportunities in the global Quality Assurance market which we expect to grow faster in the post - Covid world , as companies have realised the need to increase investments to reduce risk in their supply chain . In May , we entered into an agreement to acquire SAI Global Assurance which will expand our global industry leading assurance offering to access the high growth opportunities in the high margin and capital light Assurance market . Most recently , in July we announced the acquisition of JLA to enter the fast - growing Food testing industry in Brazil , an industry segment with strong , secular growth trends . We are investing in scaling up our winning innovations to support the emerging needs of our clients to help them address their operational and supply chain challenges . In the first half : we launched Intertek CarbonZero certification which enables companies worldwide to confidently market qualifying carbon neutral products and services , issuing the first certificate to Lundin Energy ; we launched WindAware , a data intelligence solution to help wind asset owners and operators optimize asset performance ; and we introduced Rice Inspection on the blockchain - based Sustainable Rice Exchange . Our passionate commitment to innovation is what enables us to deliver sustainable shareholder value through the cycle . All of us at Intertek are truly excited about the Quality Assurance growth opportunities as the Covid - 19 global pandemic has made the case for Total Quality Assurance ( TQA ) clearer and stronger for our clients . The structural growth drivers in the $ 250 billion global Quality Assurance Market pre - Covid - 19 now include a wide array of new opportunities to help foster a better and safer world for all post - Covid - 19 and are compelling , ranging from : ● ● Safer , more diversified supply chains with greater traceability , improved intelligence and increased resilience A lower carbon economy , stay - local lifestyles , more remote working , distance learning and online shopping Better personal safety , higher health , hygiene and wellbeing standards and greater investment in healthcare With our industry leading ATIC ( Assurance , Testing , Inspection and Certification ) capability and expertise , innovation and insight , Intertek is uniquely positioned to seize the compelling growth opportunities and to benefit from the GDP + , like - for - like revenue growth prospects in the Quality Assurance Industry in the medium to long - term . In short , the pandemic has brought to life as never before the importance of Intertek's purpose - led role in society . " Intertek Group plc Half Year Results 2021 1 intertek Total Quality . Assured .