Bureau Veritas, world number 2 in inspection, certification and laboratory testing, published its 2018 annual results on February 28, 2019. Revenue totaled €4,795.5 million in 2018, an increase of 2.3% compared with 2017 and of 7.0% at constant exchange rates.
Organic revenue growth amounted to 4.0% in 2018, accelerating in H2, with 4.4% in the last quarter.
«Bureau Veritas’s 190th anniversary year was characterized by a further acceleration in growth and significant progress in the transformation of the group. The group has strengthened its resilience against swings in the business cycle. Bureau Veritas is now orienting itself more toward activities related to opex rather than capex expenditures and has a more balanced geographical footprint on three platforms: North and South America, Asia and Europe. Our growth potential was strengthened once again through six acquisitions that support the development of our strategic plan. Our acquisition pipeline will offer numerous future opportunities, while we maintain strict financial discipline» said Didier Michaud-Daniel, Bureau Veritas’s CEO.
To learn more, please read the press release published on February 28, 2019.