Bureau Veritas: Feed back: Ambitious but credible mid/long-term targets. Short-term still challenging

In this environment, Bureau Veritas expects to generate lfl revenue growth of between 5% and 7% per annum with a progressive ramp-up in the next 3 years, leaving time to implement new initiatives. As confirmed, bolt-on acquisitions will continue to be part of the group’s strategy and overall revenue growth should be between 8% and 10%. The margin should improve to 17.5%  vs. 16.7% anticipated this year driven by lean management and more digital solutions.

Guidance sounds credible and today confirms Bureau Veritas as the best in class. Nevertheless, as the management has stressed, these are mid/long term expectations and the short-term will be more challenging.

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