Report
Delphine Chauvin

Bureau Veritas : Bureau Veritas tests its resilience amidst Covid-19 crisis

Bureau Veritas is a world leader in valuation, compliance and certification services. Its credit profile shows contained debt levels, fairly steady over the long term, with an adjusted net debt/EBITDA ratio below 2.5x, an FFO/net debt ratio of around 30% and EBITDA/interest expense cover in excess of 10x. - The Covid-19 crisis will take a heavy toll on the group's results this year (annual revenues could decrease by 10% and adjusted EBITA by around 28% to € 600m), but the balance...
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
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Chauvin

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