Report
Emira Sagaama ...
  • Matthias Desmarais

Bureau Veritas : Short term set to be complicated but fundamentals are solid

>Further downward adjustment to our estimates. Buy maintained - Following the conference call we organised yesterday with the IR team at Bureau Veritas, we have revised our EPS forecasts by -13.5% and -8% for 2020 and 2021, but still assume a rebound scenario for 2021, with EPS growth of +18% vs -23% in 2020. We are now expecting a more marked drop in organic growth in Q2 and a more negative impact on margins in 2020. Nevertheless, since this is a short-term impact fo...
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
Emira Sagaama

Matthias Desmarais

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