Bureau Veritas : Plus résilient que prévu sur le S1, drop-through de marge potentiellement un peu plus fort qu’attendu sur l’année, forte génération de FCF…
>Léger beat sur le CA, marge d’EBITA ajusté en ligne… - Bureau Veritas a publié hier soir son S1, qui ressort légèrement supérieur à nos attentes et celles du consensus (2 200 M€ vs 2 136 M€ ODDO et 2 133 M€ CSS), principalement grâce à une décroissance organique de -9% vs -12%e. L’EBITA ressort à 216 M€, en ligne avec nos attentes (209 M€ ODDO et CSS). Le drop-through ressort au S1 à -60% (contre -50% attendus et -23% pour SGS). Le groupe indique toutefois que le séq...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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