Bureau Veritas: strong organic revenue growth in Q1 2021

Published : 30.04.2021

Bureau Veritas, a world leader in inspection, certification and laboratory testing, published its first-quarter 2021 annual results on April 22, 2021.

The group announced revenue of €1.555 billion in Q1 2021, up 6.6% organically.

Didier Michaud-Daniel, CEO of Bureau Veritas, commented as follows on the group’s results: “Our first quarter performance demonstrated the strong recovery potential of our portfolio of activities, after five years of profound transformation that have led Bureau Veritas to become a more diverse company, perfectly positioned to take a new step forward in its development. Our 6.6% organic revenue was driven by an excellent performance in Certification, Consumer Products and Buildings & Infrastructure as well as a solid growth for Marine & Offshore. In today’s world focusing more than ever before on health, safety, quality and environmental stewardship, the Group is uniquely positioned to support its clients from all sectors, thanks to the breadth of its expertise, network and capabilities. In the long run, the growth opportunities related to Sustainability are very strong and we will continue to seize them through our BV Green Line of services and solutions. Short term wise, we acknowledge that the current environment remains volatile. We reiterate our 2021 outlook.”

Bureau Veritas has also announced the acquisition of US-based Bradley Construction Management, which will boost the group’s growth in the renewable energy sector.