Report
Bruno de La Rochebrochard

BUREAU VERITAS: Numerous growth opportunities and margin improvement (contact) | BUY | EUR29 VS. EUR25 (+15%)

BUREAU VERITAS - BUY | EUR29 VS. EUR25 (+15%)
Numerous growth opportunities and margin improvement (contact)

Q1 performance indicating prospective growth potential
Opex/capex requirements implemented with caution
Significant margin improvement beyond current expectations…
…and TP revised upwards
Underlying
Bureau Veritas SA

Bureau Veritas specializes in inspecting, testing, auditing or certifying products, assets (such as buildings, industrial infrastructure, equipment and ships) and management systems (particularly against ISO standards) based on regulatory or voluntarily adopted standards. Co.'s operations can be divided into eight businesses: ship classification; industry services; inspection and verification of equipment in service; construction services; certification of management systems or services; inspection and testing of consumer products; services related to customs control and international trade services; and inspection and testing of commodities.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Bruno de La Rochebrochard

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