Market condition are testing Bureau Veritas, but a strong brand and scale shield a narrow moat.
Narrow-moat testing, inspection, and certification giant Bureau Veritas delivered a slightly underwhelming set of full-year results, weighed down by a tough operating environment in marine and offshore, where revenue fell by more than 5% on an organic basis and margins fell by 260 basis points to 22%. Across the whole business, however, organic revenue growth rose by 2.2%, the highest level in three years, accelerating into the second half, where it hit 3%. As these numbers were broadly in line ...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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