Bureau Veritas SA (OTCPK:BVVBY)

$ 56.66 -0.2 (-0.35%) Market Cap: 12.69 Bil Enterprise Value: 14.21 Bil PE Ratio: 23.69 PB Ratio: 6.22 GF Score: 70/100

Half Year 2019 Bureau Veritas SA Earnings Call Transcript

Jul 25, 2019 / 01:00PM GMT

Transcript

Operator

Hello and welcome to the Bureau Veritas H1 2019 results. My name is Molly, and I'll be your coordinator for today's event. (Operator Instructions) Please note that this call is also being recorded. I will now hand you over to your host, Didier Michaud-Daniel, CEO, to begin today's conference.

Didier Michaud;Daniel

Bureau Veritas SA - CEO

Thank you. Good morning, good afternoon and good evening to everyone. Thank you for joining Bureau Veritas H1 2019 Results Call and Webcast. FranÃ§ois Chabas, our Group CFO, is here with me to present our half year results.

In the first half of the year, we have continued with our solid momentum of growth, portfolio diversification and financial and cash performance improvement. Everything is on track according to plan and we confirm our objectives for the full year. There are a few comments on H1 2019 performances. Group revenue grew by 5.3% year-on-year at constant currency. Organically, we achieved 4%. Our adjusted operating profit is up 6.9% at constant currency. We improved our margin by 25 basis

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