Bureau Veritas: Q3 sales up 6.1%
(CercleFinance.com) - Bureau Veritas has published Q3 sales of E1,423m, up 6.
1% at constant exchange rates, including 5.8% growth on an organic basis.
The company reports strong organic growth in its Marine & Offshore (+13.4%), Industry (+16.2%) and Certification (+11.7%) businesses compared with Q3 2022.
For FY 2023, Bureau Veritas expects to deliver moderate-to-high single-digit organic growth in sales, a stable adjusted operating margin at constant exchange rates and a high level of cash flow, with a cash conversion rate of over 90%.
The company says its strategy is firmly focused on high-growth markets, such as sustainable development and energy transition, and aims to ensure that its business mix and investments generate long-term value for the company and its stakeholders, it says.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
1% at constant exchange rates, including 5.8% growth on an organic basis.
The company reports strong organic growth in its Marine & Offshore (+13.4%), Industry (+16.2%) and Certification (+11.7%) businesses compared with Q3 2022.
For FY 2023, Bureau Veritas expects to deliver moderate-to-high single-digit organic growth in sales, a stable adjusted operating margin at constant exchange rates and a high level of cash flow, with a cash conversion rate of over 90%.
The company says its strategy is firmly focused on high-growth markets, such as sustainable development and energy transition, and aims to ensure that its business mix and investments generate long-term value for the company and its stakeholders, it says.
Copyright (c) 2023 CercleFinance.com. All rights reserved.