Intertek Reports Growth; LVMH Sales Decline Amid Market Challenges
Intertek's revenue increased to 838.5 million GBP, marking a 3.6% rise from the previous year. Meanwhile, LVMH experienced a 2% drop in sales due to geopolitical tensions, illustrating the volatility impacting luxury goods.
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Intertek's revenue reached 838.5 million GBP, up from 808.9 million GBP year-on-year, alongside a proposed spin-off of its Energy and Infrastructure division. LVMH's sales declined by 2%, influenced by the Gulf conflict, though results were described as 'less bad than feared.'
Sika reaffirmed its 2026 guidance despite a 7% drop in first-quarter revenue. Eurofins Scientific sold its electrical testing business for 575 million EUR to focus on core activities. Scatec's share sale signals potential divestment, while Stellantis plans to exit its fuel cell joint venture valued at 235 million EUR. Novo Nordisk announced an AI partnership for drug development, and Imperial Brands expects slight market share erosion amid regional instability.
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