Intertek Group Regulatory News (ITRK)

12 May 2006 11:30

Intertek Group PLC12 May 2006 Intertek Group plc ("Intertek") 12 May 2006 at 11.30am AGM Statement on Trading At the Annual General Meeting of Intertek Group plc today, Vanni Treves,Chairman, will make the following statement. "Group trading for the first four months of the year has been encouraging and inline with expectations. As is well known, approximately 80% of the Group's earnings are in US dollar andUS dollar related currencies and the US dollar has recently declined againststerling. The consumer goods division (Labtest) is continuing to achieve good revenuegrowth overall, despite lower growth in textiles. The commercial and electricaldivision (ETL SEMKO) and the oil, chemical and agri division (Caleb Brett) bothcontinue to deliver strong revenue growth. The government services division(FTS) is experiencing the expected reduction in revenue following the ending ofthe Venezuelan and Nigerian pre-shipment inspection contracts but the remainingbusiness continues to perform well. After leading the Labtest division for most of his 33 years with Intertek,Raymond Kong wishes to retire as Chief Executive of Labtest. As of 1 July 2006he will cease to be an Executive Director and will become a Non-ExecutiveDirector but will continue to act as President of China and Asia advancing theinterests of Intertek's businesses in the region. On behalf of all his fellowdirectors, employees and customers, I would like to express my deep gratitude toRaymond for his outstanding contribution towards building Labtest into thesuccessful business it is today. Raymond will be succeeded as Chief Executive ofLabtest by Paul Yao, Chief Operating Officer of Labtest who has been withIntertek for over ten years, most of them managing the toys business. Paul has ascientific background with a degree in chemistry, and has worked in sales andmarketing in Hong Kong, Singapore and China." For further information, please contact Aston Swift, Investor Relations Telephone: +44 (0) 20 7396 3400 aston.swift@intertek.com Richard Mountain, Financial Dynamics Telephone: +44 (0) 20 7831 3113 richard.mountain@fd.com Corporate website: www.intertek.com High resolution images of Intertek Group plc businesses are available todownload, free of charge from www.vismedia.co.uk. ABOUT INTERTEK Intertek is a leading international provider of quality and safety services to awide range of global and local industries. Partnership with Intertek bringsincreased value to customers' products, processes and ultimately supports theirsuccess in the global market place. Intertek has the experience, expertise,resources and global reach to support their customers through their network ofover 850 laboratories and offices, 15,500 people in more than 100 countriesaround the world. This information is provided by RNS The company news service from the London Stock Exchange