Report
Emira Sagaama ...
  • Matthias Desmarais

Bureau Veritas : H1 results in line, hurt by forex

>Results in line, sharp acceleration in organic growth in Q2 - Bureau Veritas reported results that overall were in line with expectations. Sales came to € 2,338m in H1, down -0.9% yoy of which –7% due to forex (vs Oddo BHF estimate: -7.1%, consensus: -6.4%). H1 organic growth came to 3.5%, i.e. an acceleration to 4.4% in Q2 vs 2.6% in Q1, much higher than forecast (Oddo BHF estimate: 3.6%, consensus: 3.7%). The EBITA margin reached 14.9% in H1, slightly below consen...
Underlying
Bureau Veritas Registre International de Classification de Navires et d'Aeronefs

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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