(Boursier.com) — Bureau Veritas is one of the many good publications of the day in Paris with a share which advances by 5.8% to 26.6 euros. The testing and certification company delivered results that analysts described as strong, along with reassuring outlook comments.
Bureau Veritas expects to achieve moderate to high single-digit organic growth this year; an improved adjusted operating margin at constant exchange rate; and cash flow at a high level, with a cash conversion rate above 90%.
RBC (‘sector performance’) speaks of a solid end to the year, with much higher organic growth, even against difficult bases of comparison. Margin growth is also better than expected, apparently driven by positive operating leverage in key divisions like Industrials. Jefferies also notes the sequential acceleration of growth in the 4th quarter, with widespread strength.
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