- Bureau Veritas’ organic revenue growth was 7.3%, beating the estimate of 6.96%.
- The marine and offshore segment experienced strong performance with an organic revenue increase of 11.8%, surpassing the estimate of 9.56%.
- Agri-food and commodities saw organic revenue growth of 6%, aligning closely with the estimate of 6.03%.
- The industry segment posted a robust organic revenue growth of 14.3%, exceeding the estimate of 11.7%.
- Organic revenue growth for buildings and infrastructure was 2.5%, slightly below the estimate of 3.96%.
- Certification enjoyed an organic revenue increase of 10.9%, outperforming the estimate of 10.3%.
- Consumer products recorded an organic revenue growth of 3.4%, marginally below the estimate of 3.48%.
- Total revenue was €1.56 billion, slightly above the estimate of €1.55 billion.
- Bureau Veritas announced a new €200 million share buyback program, highlighting strong cash generation and confidence in the potential of its shares.
- Analyst ratings are favorable with 13 buys, 5 holds, and no sells.
A look at Bureau Veritas SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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
Analysts utilizing the Smartkarma Smart Scores for Bureau Veritas SA have painted a positive long-term outlook for the company. With solid scores in Growth, Resilience, and Momentum, Bureau Veritas SA appears to be well-positioned for future success. The company’s focus on expanding its services and maintaining steady performance underscores its potential for sustained growth in the coming years.
Bureau Veritas SA provides a wide array of consulting services, including global inspection, audit, tests, and certification related to quality, hygiene, and health. This diversification allows the company to navigate various market conditions, enhancing its resilience. Overall, the combination of these factors positions Bureau Veritas SA as a promising investment opportunity with strong potential for long-term value creation.
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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