Corporate

Bureau Veritas releases its H1 2016 results

07.28.16

Neuilly-sur-Seine, France, July 28, 2016

Revenue of €2.22bn in H1 2016, +0.7% at constant currency vs. H1 2015

Organic growth of -0.6% in H1 2016 (Q2 at -0.6%), of which:  

- activities under the 8 Growth Initiatives contributing 2.2pts to organic growth

- Oil & Gas Capex (6% of group revenue) declining by 19%

External growth of 1.3% (Q2 at +1.9%)

- Six strategic acquisitions completed YTD (€105 million in annualized revenue), all supporting the Growth initiatives

Currency impact of -4.9%

- Depreciation of emerging countries’ currencies against the euro

Adjusted operating margin of 15.8%, stable at constant currency

Adjusted net profit of €193.9 million, representing €0.44 per share, +3.9% at constant currency vs. H1 2015

Robust operating cash flow of €161.2 million