Earnings release
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EAU VE BURE डार RITAS // 1828 BUREAU VERITAS PRESS RELEASE Neuilly - sur - Seine , France - October 26 , 2021 Strong organic revenue performance in the third quarter of 2021 ; 2021 Full Year outlook confirmed Q3 2021 Key figures¹ Revenue of EUR 1,245.7 million in the third quarter of 2021 , up 7.5 % organically and up 8.5 % year on year ( of which an external growth of 0.2 % and a currency impact of 0.8 % ) 4 businesses delivered strong organic growth : Industry + 10.4 % , Consumer Products + 8.7 % , Buildings & Infrastructure ( B & l ) + 8.0 % , and Agri - Food & Commodities + 7.7 % Marine & Offshore and Certification grew organically by 2.7 % and 0.8 % respectively , with solid underlying trends although faced challenging comparables following catch - up of audits Q3 2021 Highlights Organic revenue up 3.5 % Q3 2021 and 3.9 % the first nine months of 2021 , compared to 2019 Growth driven by the whole portfolio across most geographies ( Americas , Middle East , Africa and Asia Pacific ) Strong momentum for Sustainability and ESG - related solutions across all businesses Acquisition of AET France , a company specializing in laboratory testing , product development and sustainability testing for consumer goods markets 2021 Outlook Confirmed Based on the excellent year - to - date performance , considering tough comparables in the fourth quarter , and assuming no severe lockdowns in its main countries of operation due to Covid - 19 , Bureau Veritas still expects for the full year 2021 to : Achieve strong organic revenue growth ; Improve the adjusted operating margin ; Generate sustained strong cash flow . Didier Michaud - Daniel , Chief Executive Officer , commented : " Bureau Veritas ' third quarter performance continues to demonstrate the strong growth dynamics of our businesses . The 7.5 % organic revenue was notably led by an excellent performance in Industry , Consumer Products , Buildings & Infrastructure as well as Agri - Food & Commodities . Our focus on sales performance , together with increased demand from our clients for all companies in the world for ESG - related services , position us to grow in a sustained manner . Thanks to our unrivalled expertise related to Sustainability , through our BV Green Line of services and solutions , we are perfectly positioned to capture the full potential of these growing markets . Short term wise , whilst the conditions surrounding the delivery of some of our services remain uncertain due to the pandemic still affecting some regions of the world , we reiterate our 2021 outlook . ' ¹ Alternative performance indicators are presented , defined and reconciled with IFRS in appendix 4 of this press release .