- Bureau Veritas’ 1Q organic revenue displayed growth of 8%, surpassing estimates of 6.64%.
- Marine and offshore organic revenue rose by 13.6%, exceeding expected growth of 9.38%.
- Agri-food and commodities organic revenue grew by 3.2%, slightly below the estimated growth of 4.86%.
- Organic revenue from the industry sector surged by 16.3%, outperforming predictions of 9.99% growth.
- Buildings and infrastructure sector showed organic revenue growth of 3.6%, a bit lower than the estimated 5.09%.
- Oorganic revenue from certification experienced 13.7% growth, surpassing the 10.5% growth estimate.
- Consumer product’s organic revenue increased by 6.1%, higher than a predicted 4.8% growth.
- Quarterly revenue reached EU1.44 billion, seeing 2.5% y/y growth, slightly under the estimate of EU1.45 billion.
- The 2024 outlook is confirmed, expecting mid-to-high single-digit organic revenue growth and improvement in the adjusted operating margin at constant exchange rates.
- Strong cash flow with a cash conversion above 90% is forecasted for the financial year.
- The group predicts the second half of the year’s organic revenue growth to be higher than the first half due to stronger comparables in Q2.
- Bureau Veritas has maintained its growth trajectory with broad organic growth of 8.0% in the first quarter of 2024.
- Current stock recommendations for Bureau Veritas are 13 buys, 6 holds, and 1 sell.
A look at Bureau Veritas SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Based on the Smartkarma Smart Scores for Bureau Veritas SA, the company’s long-term outlook appears promising. With strong Momentum and Growth scores of 5 and 4 respectively, Bureau Veritas SA is positioned for future expansion and performance. Additionally, the company scores well in terms of Resilience, indicating a stable foundation in the face of challenges. Despite average scores in Value and Dividend, the overall outlook is positive, reflecting potential for growth and sustained performance in the consulting services sector.
Bureau Veritas SA offers a range of consulting services globally, focusing on inspection, audit, tests, and certification related to quality, hygiene, and health. With a solid presence in these key areas, the company’s strategic positioning and high Momentum score suggest a promising trajectory for long-term success in the industry. Investors may look to Bureau Veritas SA as a potential growth opportunity given its strong Growth score and resilient operational framework.
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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