As expected, 2016 was a mixed year with a slight decrease in organic revenue growth (-0.6% vs +1.9% in 2015) and a decline in the adjusted operating margin to 13.2% of revenue (-0.5pts). Conversely, the bottom line surged by 25% due to lower non-recurring negative items and a lower income tax rate. Q4 16 figures: Revenue reached €1,191m (+1.6%). Organic revenue was down 0.3% due to the fall of the activities in the Industry division (-10.3% attributable to the oil & gas capex-related
24 Feb 2017
Mixed 2016 but nice return to Wendel!
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Mixed 2016 but nice return to Wendel!
Bureau Veritas SA (BVI:WBO) | 0 0 0.4% | Mkt Cap: 9,505m
- Published:
24 Feb 2017 -
Author:
Hélène Coumes -
Pages:
3
As expected, 2016 was a mixed year with a slight decrease in organic revenue growth (-0.6% vs +1.9% in 2015) and a decline in the adjusted operating margin to 13.2% of revenue (-0.5pts). Conversely, the bottom line surged by 25% due to lower non-recurring negative items and a lower income tax rate. Q4 16 figures: Revenue reached €1,191m (+1.6%). Organic revenue was down 0.3% due to the fall of the activities in the Industry division (-10.3% attributable to the oil & gas capex-related