Bureau Veritas: Q1 sales up 11.7%
(CercleFinance.com) - Revenue reached 1,290.
1 million euros in the Q1 2022, up 11.7% y-o-y.
Organic growth was 8.0%, compared to an +2.5% in Q4 2021, benefiting from a catch-up effect following the cyberattack in Q4 2021.
Three businesses showed strong organic growth: Industry +11.9%, Food & Raw Materials +9.5%, Building & Infrastructure +7.1%.
Bureau Veritas still expects to improve its adjusted operating margin and to generate cash flows again at a high level, with a cash conversion rate of over 90%.
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