Bureau Veritas SA (XPAR:BVI)
€ 26.62 -0.5 (-1.84%) Market Cap: 11.90 Bil Enterprise Value: 13.25 Bil PE Ratio: 24.20 PB Ratio: 6.24 GF Score: 93/100
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Full Year 2023 Bureau Veritas SA Earnings Call Transcript

Feb 22, 2024 / 02:00PM GMT
Release Date Price: €27.03 (+7.52%)
Hinda Gharbi
Bureau Veritas SA - CEO

Good morning, good afternoon and good evening to everyone. I'm pleased to welcome you to the Full Year 2023 Results on the Webcast and on the Call. I'm joined by Francois Chabas, our Group CFO. We delivered excellent results in 2023, reflecting our robust business fundamentals, our consistent execution and our customer centricity around the globe. I would like to warmly thank all our colleagues around the world for their dedication and hard work to deliver this outstanding performance. Looking at our financial highlights of the year; revenue totaled EUR 5.9 billion, up 9.1% at constant currency and up 8.5% organically, of which 9.4% in the last quarter.

This is a combination of strong volumes with the conversion of our healthy backlog and a pricing impact as expected. This included more than a third of our portfolio producing strong double-digit growth with all business lines delivering positive organic growth in Q4. Adjusted operating profit increased to EUR 930 million, up 10.5% year-on-year at constant currency, with a margin at 15.9%. Organically, our

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