On April 25, Bureau Veritas published its first-quarter results. The world’s second-largest inspection, certification and compliance company posted sales of €1,175 million, up 6.8% over the previous year, including 5.8% at constant exchange rates.
When results were published, Didier Michaud-Daniel, CEO of Bureau Veritas, said, “During the first quarter of 2019, we continued to make progress in transforming the group, posting organic growth of 4.0%. Five of the group’s six activities achieved growth of 4.5% on average. AgriFood and Commodities performed the best, growing 7.8%. Our cyclical activities recovered gradually, as expected. Industry has started to benefit from increased capex in the Oil & Gas sector. Moreover, we finalized four transactions, in support of our Buildings & Infrastructure and Agri-Food Growth Initiatives. These transactions will bolster our presence in the United States and Asia.
Our outlook for 2019 is confirmed. We are aiming for sound organic growth in sales with continued improvement in the adjusted operating margin at constant exchange rates, and continued high cash flow generation.”