Bureau Veritas : A very solid Q1– Guidance confirmed
>Q1 revenues higher than expected - Revenues amounted to € 1,440m, which is 2.5% higher than in Q1 2023. We had expected € 1,474m (4.9%e, due to a forex error) and the consensus € 1,435m (1.4%). Organic growth reached 8.0%, above our forecast (5.9%) and that of the consensus (6.5%). The FX impact came to -5.6% (ODDO BHF -1.0%e, consensus -5.0%). Overall, the momentum was very robust in all the group’s divisions, exceeding our expectations with: Single-digit...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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