(Boursier.com) — The turnover of Office Veritas was 1,457.1 ME in the third quarter of 2022, up 8.7% on an organic basis and 17% compared to the previous financial year.
Foreign exchange had a positive impact of 7%, mainly due to the appreciation of the US dollar and correlated currencies against the euro.
Based on year-to-date performance, significant growth opportunities related to its sustainability services and solutions offering, and excluding the annual impact of the Covid-19-related lockdowns in China, 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 above 90%.
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