Bureau Veritas: fifth consecutive quarter of sound organic growth

Published : 23.01.2020

On October 24, 2019, Bureau Veritas extended its growth trend, publishing a 6.2% increase in nine-month 2019 sales* to €3,747.3 million, of which 4.0% was organic growth. The division that posted the best performance during the third quarter was Industry Services, with revenue up 6.8%, owing to the balance in its portfolio between opex and capex. The Marine & Offshore business was right behind, with revenue up 6.5%. Overall, five of the group’s six businesses achieved organic growth of 4.6% on average in the third quarter of 2019.

The resilience and growth potential of Bureau Veritas’s repositioned portfolio is now firmly delivering the continuous overall performance we were looking to achieve. In Q3 2019, we reported sound organic growth for the fifth consecutive quarter. Based on the performance realized in the first nine months of the year, we confirm our outlook for all of 2019. We are aiming for sound organic growth in sales with continued improvement in the adjusted operating margin at constant currency, and sustained strong cash flow generation

Didier Michaud-Daniel,
CEO of Bureau Veritas.


* Compared with the year-earlier period.