The decrease in organic revenue slowed in Q4 20 (-2%) thanks to the growth acceleration in Certification and Buildings & Infrastructure and a slowdown of the negative trend in the other divisions. In 2020, the adjusted operating margin decreased less than expected (-2.9pts to 13.4% of revenue) thanks to the austerity plan that led to costs being reduced by c.€260m. The group was successful in cash collection. For 2021, the group is expecting solid organic growth and a higher operating margin.
25 Feb 2021
Organic revenue improvement, strong cost reduction
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Organic revenue improvement, strong cost reduction
- Published:
25 Feb 2021 -
Author:
Hélène Coumes -
Pages:
3
The decrease in organic revenue slowed in Q4 20 (-2%) thanks to the growth acceleration in Certification and Buildings & Infrastructure and a slowdown of the negative trend in the other divisions. In 2020, the adjusted operating margin decreased less than expected (-2.9pts to 13.4% of revenue) thanks to the austerity plan that led to costs being reduced by c.€260m. The group was successful in cash collection. For 2021, the group is expecting solid organic growth and a higher operating margin.