Report
Geoffroy Michalet

Bureau Veritas : Set for further robust trends in Q3, a high-quality end-of-year. Forex taking slightly more of a toll … but still a minor factor in the equity story

>Q3 very close to Q2, ahead of Q4 close to Q1 in organic terms? - The group is due to report its Q3 revenues on 23 October 2024 (after trading). Based on a company contact, we have fine-tuned our forecasts. Overall, we note a message that is consistent with that conveyed at the H1 release. For Q3, we use a scenario that is very close to that of Q2, with organic growth of slightly over 10% (10.3%e vs 10.4% in Q2). Our forecasts for Q4, at 8.0%, are similar to Q1 (8.0%)...
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

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