Press Release

Solid growth continues in Q3 2019

Oct. 24 2019

Q3 2019 revenue is up +6.2% year-on-year of which +4.7% at constant currency
Organic revenue growth of +3.9% in Q3 2019
FY 2019 outlook confirmed

Didier Michaud-Daniel, Chief Executive Officer, commented:

“The resilience and growth potential of Bureau Veritas’s repositioned portfolio is now firmly delivering the continuous overall performance we were looking to achieve.
For Q3 2019, we report the fifth consecutive quarter of solid organic revenue of c.4%. Five businesses out of six grew at 4.6% organically on average. Industry was our top performing business with the full benefits of the balanced portfolio between Opex and Capex contracts, up 6.8%, alongside Marine & Offshore, up 6.5%.
Our Agri-Food business maintained strong growth thanks to its wide geographical footprint enabling major contracts wins in every region. Year-to-date this led to 4% organic revenue growth.
In the light of our first nine months performance, we confirm our 2019 outlook: we expect a solid organic revenue growth with a continued adjusted operating margin improvement at constant currency, and a sustained strong cash flow generation.”