Bureau Veritas had a mitigating H1 16, as expected. The negative currency effects, the drop in oil & gas capex-related activities and the weakness of the activities in the upstream minerals market weighed on the overall performance. The reduction in the operating margin was limited thanks to the restructurings. H1 16 earnings. - Revenue was €2,221m (-4.2%). It included a negative currency effect (-4.9pts) related to the depreciation of the emerging countries’ currencies against
29 Jul 2016
First positive growth initiatives, nevertheless not enough
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First positive growth initiatives, nevertheless not enough
Bureau Veritas SA (BVI:WBO) | 0 0 0.4% | Mkt Cap: 9,505m
- Published:
29 Jul 2016 -
Author:
Hélène Coumes -
Pages:
3
Bureau Veritas had a mitigating H1 16, as expected. The negative currency effects, the drop in oil & gas capex-related activities and the weakness of the activities in the upstream minerals market weighed on the overall performance. The reduction in the operating margin was limited thanks to the restructurings. H1 16 earnings. - Revenue was €2,221m (-4.2%). It included a negative currency effect (-4.9pts) related to the depreciation of the emerging countries’ currencies against