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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Intertek Group    ITRK   GB0031638363

INTERTEK GROUP (ITRK)
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Intertek : appointed onto notable Marine Licensing and Advice Framework by Natural Resources Wales (NRW)

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09/26/2017 | 09:06am CEST

September 26, 2017

(Cardiff) Intertek, a leading Total Quality Assurance provider to industries worldwide, announces that it has been appointed a two-year Marine Licensing and Advice Framework by Natural Resources Wales (NRW).

Intertek will provide expert advice on Marine Water Quality Modelling for a range of marine-related projects including such as hydrodynamic modelling, water quality modelling, and their impact on various important water quality parameters; phytoplankton population, nutrient concentrations, stratification and suspended sediment; thermal, sewage and freshwater discharges; as well as ensuring that models are fit-for-purpose. Intertek will also work closely with NRW throughout the framework period to ensure that the outputs of the models are understood and reviewed in a consistent manner.

Chris Mooij, Project Director, Intertek Energy & Water said: 'It is an exciting prospect to work with NRW on this Framework. As recognized leaders in water quality assessment throughout the UK, we are able to bring our experience from all the different regions in addition to many years' experience in Wales. The projects are many and varied, and will require innovation and lateral thinking to deliver the best solutions for Wales now and in the future.'

Rebecca White, NRW Procurement Advisor, said: 'We have fantastic seas and coastline in Wales that supports such an amazing variety of wildlife. This marine environment can also support economic and energy development but we must make sure these do not damage this important ecosystem. This framework will help us to do that.'

Intertek has many years' experience in marine and coastal environment, providing services for power transmission, renewable energy, oil & gas, water, and ports & harbours. Intertek Energy & Water provides marine consulting expertise and advice on a wide range of marine-related areas, including field surveys, geophysical and geotechnical assessments, hydrodynamic modelling, metocean assessments, geographical information systems (GIS), as well as cabling and environmental considerations.

Intertek provides innovative Total Quality Assurance solutions across a range of sectors in over 100 countries globally with local expertise. The team partners with developers, operators, asset owners, utilities, lenders and governments to tackle complex environmental, regulatory and operational challenges throughout the project life cycle - from concept, feasibility and design, through construction and operation, to decommissioning, to reduce cost and secure compliance.

www.intertek.com/energy-water/

For Media Information

Please contact:
Joanne Merriweather
UK PR Manager
Tel: 07786 525390
Email: [email protected]

For Technical Information

Please contact:
Dr. Paul Evans
Tel: 07484 532457
Email: [email protected]

About Intertek

Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices and over 42,000 people in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers' operations and supply chains. Intertek Total Quality Assurance expertise, delivered consistently with precision, pace and passion, enabling our customers to power ahead safely.

intertek.com

Intertek Group plc published this content on 26 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 September 2017 07:04:08 UTC.

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Financials (GBP)
Sales 2018 2 802 M
EBIT 2018 476 M
Net income 2018 315 M
Debt 2018 413 M
Yield 2018 1,54%
P/E ratio 2018 31,11
P/E ratio 2019 28,43
EV / Sales 2018 3,53x
EV / Sales 2019 3,31x
Capitalization 9 477 M
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Mean consensus HOLD
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Average target price 50,8  GBP
Spread / Average Target -14%
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NameTitle
André Lacroix Chief Executive Officer & Executive Director
David Edward Reid Chairman
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