Bureau Veritas : Confidence in improvement in the margin in 2019
>Solid growth in 2019, a shade below 4% on our estimates - The prospects are good across all of the group’s activities for 2019, marine (7% of sales) is the leader in terms of growth, now that the recovery of new builds is launched (+6.9% on an organic basis in the division in Q4 2018 vs -5.4% in H1). The industry division (22% of sales) should perform well thanks to the brisk momentum in opex and the gradual upturn in oil capex (+3.6% in H2 vs -15% in H1). The tone w...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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