Independent journal on economy and transport policy
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In the third trimester the revenues of the society of classification and Bureau Veritas certification are increased of +7.3%
Particularly consisting the increase of the volume of transactions in the segment of Offshore Marine activities & (+22.1%)
November 5, 2015
In the third trimester of this year the recorded revenues of the society of classification and French certification Bureau Veritas (BV) have shown an increment of +7.3% having attested to 1,14 billion euros regarding 1,06 billion euros in the period July-september last year. The organic increase has turned out pairs to +0.9%. Particularly consisting rise total (+22.1%) of the volume of transactions in the segment of Marine activities & Offshore, than takes care of inspecting activities and certification for the naval field and the offshore industry, that the organic increase is piled to 101,7 million euros (has been of +8.6%).
The progression of totaled +7.3% in the third trimester represents a decrease of in the quarter next trend of increase that in the first trimester of 2015 has been of +19.1% and of +16.7%. "After the remarkable performance achieved in the first semester of the 2015 - the managing director of the French company has commented, Didier Michaud-Daniel - in the third trimester increase it is slowed down reflecting the persistent weakening of the markets of minerals and the oil and gas so as the deterioration of the macroeconomic context in some emergent countries, between which Brazil. This has had an impact on our segments of activity Industry and Commodities. The Offshore segment Marine & - it has added - has continued to achieve a remarkable increase. The division Product Consumer has recorded an attenuated increase more, in particular for some in the launch of producing delays client. All other asset have increased theirs perfomance regarding the first semester, that they are pulled ahead in particular by the remarkable activity in region EMEA".
In the first nine months of this year the French group has totaled revenues for 3,46 billion euros, in increase of +14.2% on the period January-september of 2014, with an organic increase of +2.7%. The single Offshore division Marine & has recorded revenues for 303,9 million euros (+30.0% total; organic increase +10.6%).
BV previews to close the entire exercise anniversary 2015 with an light inferior volume of transactions regarding the esteem precedence: "because of the deterioration of the total macroeconomic context - it has specified Michaud-Daniel - now we preview that the increase of the revenues of 2015 will be advanced to 10% with slightly inferior an organic increase to that last year, that it has been of 2.5%. In the 2015 operating margin it would have to improve and the group will continue to generate a consisting cash flow. In spite of the uncertainties in the short term that characterize our market - it has concluded the CEO of BV - we confide a lot on the strengths of Bureau Veritas and our ability to improve its profile of increase. With the adoption of the initiatives for the increase introduced in occasion of the Investor Days in October, we are re-balancing our pocketbook to the aim of being less exposed to the economic cycles".
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