Chief Executive Officer Didier Michaud-Daniel commented:
"We continue to progress with the Group transformation in order to execute our strategic plan. In the third quarter of 2017, our Growth Initiatives have maintained strong momentum and have driven the Group’s organic revenue growth to 2.2%, compared to the 1.3% recorded in the first half.
Our Agri-Food & Commodities business is accelerating, led by contract wins in Agri-Food as well as the recovery of the Metals and Minerals markets. Certification, Building & Infrastructure and Consumer Products businesses all remain solid. As anticipated, our New Construction business in Marine & Offshore continues to feel the impact of the market downturn. In Industry, our successful end market diversification and our push on Opex related-services is almost compensating the persistent depressed conditions in the Oil & Gas Capex markets.
Our outlook for the full-year 2017 is confirmed. We anticipate a slightly positive organic growth with acceleration confirmed in the second half. For the full year, we also confirm an adjusted operating margin of around 16% as well as a higher cash flow compared to 2016.
Our Investor Days, on December 7 and 8, will be an opportunity to update the market further on the progress we’ve made in executing our strategic plan and on the latest development regarding our Digital transformation.”
Read the results here