Improving Trends Lend Optimism to TIC Giant Bureau Veritas
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 ...
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.
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