Bureau Veritas: raises annual growth target

(CercleFinance.com) - Based on its performance in the first nine months, Bureau Veritas now expects to achieve organic sales growth of 9% to 10% for FY 2024 (compared with 'high single digits' previously).


The inspection and certification services group adds that it expects an improved adjusted operating margin at constant exchange rates, as well as strong cash flow, with a cash conversion rate of over 90%.

At almost E1.55bn, Q3 2024 sales were up 8.8% as reported, with organic growth of 13%, strong in all activities, starting with Industry (+23.8%).

In addition, Bureau Veritas reports the acquisition of Aligned Incentives, a pioneer in corporate sustainability planning, expanding its global sustainability services offering with artificial intelligence-based solutions.


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