Bureau Veritas: 11.7% growth in turnover

(CercleFinance.com) – Revenue reached 1,290.1 ​​million euros in the first quarter of 2022, up 11.7% compared to the first quarter of 2021.

Organic growth was 8.0%, compared to an increase of 2.5% in the last quarter of 2021. ‘It benefited from a catch-up effect following the cyberattack which occurred in Q4 2021’.

Three activities posted strong organic growth: Industry +11.9%, Food & Raw Materials +9.5%, Building & Infrastructure +7.1%.

Bureau Veritas still expects 2022 to achieve mid-single-digit organic revenue growth, improve adjusted operating margin and generate sustained high cash flow, with a cash conversion rate greater than 90%.

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