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Investing.com -- Bureau Veritas delivered third-quarter revenue of €1,584 million on Thursday, approximately 1% ahead of market expectations, with organic growth reaching 6.3% versus consensus estimates of 5.7%.
The testing, inspection and certification company reported strong performance in its Marine division, which grew 16.2% organically due to double-digit growth in new construction and high single-digit growth in in-service activity.
The Buildings & Infrastructure segment showed robust recovery with 7.1% growth, outpacing analyst expectations of 4-5%, driven by capital expenditure and infrastructure projects.
Industry division grew 6.9%, while Certification increased by 5.9%. The Consumer Products segment posted more modest growth of 3.5%, with the Agri-food-Commodities division growing at 2.5%, below consensus expectations of 4%.
Regionally, Asia-Pacific continued to show strength with 8.6% growth despite ongoing tariff concerns.
Bureau Veritas maintained its full-year 2025 guidance, projecting "mid-to-high-single-digit organic growth" and "improvement in adjusted operating margins at constant FX" along with "strong cash flow."
The company also announced two new acquisitions representing approximately 0.4% of revenue, suggesting potential acceleration in its merger and acquisition program. Year-to-date, Bureau Veritas has completed acquisitions totaling €92 million, representing 1.4% of revenue.
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