Bureau Veritas continued to grow in the third quarter of 2012: sales to end September totaled 2,860.8 million euros, up 16.6 %. Organic growth (i.e. on a like-for-like basis) held steady at 8.1% in the third quarter, in line with the first half.
This trend confirms the continued strong growth of the Industry, Raw Materials, Government Services & International Trade divisions, and the acceleration of the Consumer Goods business (these divisions together account for around 60 % of Group sales). It also confirms the resilience of the Certification and In-Service Inspection & Verification businesses (around 20 % of sales). Lastly, as expected, the Marine and Construction business (around 20 % of sales) deteriorated.
The difference between actual growth (16.6 %) and organic growth (8.1 %) is due to the positive impact of exchange rate variations (4.1 %) and changes in the scope of consolidation (4.4 %) linked to the consolidation of acquisitions (of which 6.61 % in the third quarter). Since the beginning of the year, the Group has made 13 acquisitions, enabling it to develop its technical expertise in buoyant market segments (oil drilling, geochemical testing for minerals, testing of electronic products, automotive) and to strengthen the size of its network in key areas such as North America, Latin America and Germany.
Learn more: https://www.bureauveritas.fr/wps/wcm/connect/bv_fr/local