- Bureau Veritas’ organic revenue for Q3 increased by 13%, surpassing the estimate of 10.8%.
- Marine & offshore organic revenue grew by 13.2%, slightly below the estimate of 13.3%.
- Agri-food & commodities organic revenue rose by 8.5%, exceeding the estimate of 6.53%.
- Industry organic revenue surged by 23.8%, significantly outpacing the estimate of 17.2%.
- Buildings & infrastructure organic revenue increased by 9.3%, above the estimate of 8.79%.
- Certification organic revenue climbed by 17.7%, beating the estimate of 15.2%.
- Consumer products organic revenue grew by 7.5%, slightly above the estimate of 7.38%.
- Total revenue amounted to EU1.55 billion, representing an 8.7% year-over-year increase, and surpassing the estimate of EU1.53 billion.
- The company has updated its year forecast for organic revenue growth to a range of 9% to 10%, up from an earlier estimate of 8.61%.
- Bureau Veritas continues to expect a full-year improvement in adjusted operating margin at constant exchange rates.
- The company anticipates maintaining a cash conversion rate above 90% for the full year.
- Bureau Veritas plans to acquire Aligned Incentives, with further details yet to be disclosed.
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A look at Bureau Veritas SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s Smart Scores, Bureau Veritas SA shows a promising long-term outlook. With a high Momentum score of 5, the company is indicating strong positive momentum in its performance. Additionally, Bureau Veritas SA scores well in Growth with a score of 4, suggesting potential for future expansion and development. However, areas like Value and Resilience score lower at 2, indicating that there may be room for improvement in these aspects. The Dividend score of 3 reflects a moderate performance in terms of dividend payouts.
Overall, Bureau Veritas SA, a company that offers a variety of consulting services such as global inspection, audits, and certification in quality, hygiene, and health, appears well-positioned for growth and has strong momentum. While there are areas that could be enhanced, the company’s solid scores in Growth and Momentum point towards a positive trajectory in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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