Bureau Veritas 2020 full year results

February 25, 2021

IIOA member Bureau Veritas announces its 2020 full year results. Revenue at 4,601m EUR was down 9.8% (6.4% at constant currency).

With reference to the impact of the pandemic, Bureau Veritas notes that, ‘Throughout 2020, Bureau Veritas’ whole organization was mobilized to mitigate the impact of the crisis with three actions: ensuring the health & safety of all Bureau Veritas employees, protecting the financial solidity of the Group, and ensuring business continuity with and for our clients, both in the field and remotely via digital tools.’

Building on the increased use of remote tools, two new products were highlighted.

  • Restart your business with BV suite of solutions, created to support business resumption with appropriate health, safety and hygiene conditions
  • The Restart your business with BV includes, ‘Supply-R, a solution designed to help all industry and services sector companies to ensure business continuity and better manage risks associated with their portfolios of suppliers spread across different geographies’.

Within the results Certification was down 6.2% in 2020, affected by the postponement of audits during the first half. Certification recovered strongly in the second half of 2020, as the top performing business, growing by 10.7%, benefiting from the Restart Your Business with BV, the catching-up of delayed audits and sustainability schemes.

Looking forwards to the rest of 2021, Bureau Veritas comments that they, ‘remain uniquely positioned with the diversity, the resilience of its portfolio and its numerous growth opportunities. Based on the current uncertainties around the Covid-19 pandemic and assuming no severe lockdowns in its main countries of operation, Bureau Veritas expects for the full year 2021 to achieve solid organic revenue growth’.

Further information can be obtained from Bureau Veritas press release here.