Bureau Veritas SA (LTS:0MH1)
€ 29.06 0 (0%) Market Cap: 13.00 Bil Enterprise Value: 14.59 Bil PE Ratio: 26.24 PB Ratio: 7.93 GF Score: 87/100
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Half Year 2020 Bureau Veritas SA Earnings Call Transcript

Jul 28, 2020 / 04:00PM GMT
Release Date Price: €20.52 (-0.94%)
Operator

Hello, and welcome to the Bureau Veritas Half Year 2020 Results Call. My name is Dan, and I will be your coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions)

I will now hand you over to the CEO of Bureau Veritas, Didier Michaud-Daniel, to begin today's conference. Thank you.

Didier Michaud;Daniel
Bureau Veritas SA - CEO

Thank you, Dan. Good morning, good afternoon and good evening to everyone. Thank you for joining Bureau Veritas half year 2020 results on the webcast and on the call. François Chabas, our group CFO, is here with me to present our results.

At the time of the full year results call back in February, China was already in lockdown. With China representing 20% of the group's revenue and 22% of our employees, we were closely monitoring the impact on our local operations. The potential gravity of the virus spreading outside China became quickly apparent, so we took immediate measures to ensure the safety of our employees, contain costs and maximize cash across the

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