Press Release

Q3 2018 revenue

Oct. 25 2018

Q3 2018 revenue grows 8.6% at constant currency
Organic revenue growth accelerates to +4.8% in Q3 2018
FY 2018 outlook confirmed

Didier Michaud-Daniel, Chief Executive Officer, commented:

“The diversification of our portfolio through our Growth Initiatives and the Group’s enhanced resiliency are paying off as demonstrated by the step-up in our organic growth. We are now building a solid momentum in the transformation of Bureau Veritas and towards delivering our 2020 ambition. All our six businesses grew organically during the quarter. The return to positive growth in Marine & Offshore after 2 years of decline confirms the expected recovery by the end of 2018. Our Industry business further improved benefiting from the success of the Opex Growth Initiative and the return to growth for Oil & Gas Capex activities. Certification was again our top organic performer, strongly benefiting from the revision of standards period which ended mid-September. In light of our first nine months performance, we confirm our 2018 outlook: the acceleration of organic revenue growth versus last year with an adjusted operating margin slightly up at constant currency, as well as a higher cash flow compared to 2017 at constant currency.”