Report
Geoffroy Michalet ...
  • Matthias Desmarais

Bureau Veritas : Preview: no deterioration in fundamentals in Q3, long-term drivers still intact, limited impact from cyclical elements in the short term

>First message: no reason for a change to our estimates or the consensus - Following contact with the company, we have made a marginal adjustment to our estimates (adjusted 2021e EBITA: € 795m vs € 806m, i.e. -1%). In short, we see no reason to think that the consensus will make a significant adjustment to its estimates (perhaps a small adjustment to the top line, but just a marginal revision to adjusted EBITA).Raw materials, inflation, disruption to the ...
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
Geoffroy Michalet

Matthias Desmarais

ResearchPool Subscriptions

Get the most out of your insights

Get in touch