Latest news with #Contec
7NEWS
26-07-2025
- Business
- 7NEWS
First-of-its-kind 3D-printed home set to hit the market in Tapping, Perth
A first-of-its-kind home is about to go up for sale. The house in Tapping, a suburb north of Perth, has not been built, but was 3D printed. WATCH THE VIDEO ABOVE: First of its kind 3D home about to go up for sale in Perth. Know the news with the 7NEWS app: Download today Robot arms used to pipe the concrete walls out like icing are the same you would find in BMW and Mercedes car factories, and allow for a lot of architectural freedom, from curved walls to 3D prints on wall faces. It is accurate and efficient, with walls that take a week to put up done in just hours. Australian company Contec said it is three-times stronger than brick, safer to build and easier on the wallet. 'It's 22 per cent cheaper just on materials,' Contec founder Mark D'Alessandro told 7NEWS. 'That's not factoring in the savings on less scaffolding requirements, and also the savings you have in delivering the project quicker.' The company behind the technology say it could play an important role in solving the housing backlog. Just a slab just five months ago, the completed house will go on the market next week. Under a normal construction timeline, it likely would not even be at lock up yet. Smaller housing companies are already showing interest, but brickies have been told not to worry. 'It does have it's place, but it's very much still in its infancy and very much still a cottage industry,' Master Builders chief executive Matthew Pollock told 7NEWS. 'I'd be more worried if I was a paralegal these days just going through uni and AI taking my job.'
National Post
25-07-2025
- Business
- National Post
Bureau Veritas: Robust Organic Revenue Growth and Strong Margin Increase in H1 2025 as the LEAP
COURBEVOIE, France — Bureau Veritas (BOURSE:BVI): Article content H1 2025 key figures Article content › Revenue of EUR 3,192.5 million in the first half of 2025, up 5.7% year-on-year and up 6.7% organically (with 6.2% organic growth in Q2 2025), › Adjusted operating profit of EUR 491.5 million, up 8.8% versus EUR 451.9 million in H1 2024, representing an adjusted operating margin of 15.4%, up 44 basis points year-on-year and up 55 basis points at constant currency, › Operating profit of EUR 513.1 million, up 32.1% versus EUR 388.5 million in H1 2024, › Adjusted net profit of EUR 292.4 million, up 1.4% versus EUR 288.3 million in H1 2024, › Adjusted EPS stood at EUR 0.65 in H1 2025, with a 2.4% increase versus H1 2024 (EUR 0.64 per share) and of 6.4% at constant currency, › Attributable net profit of EUR 322.3 million, up 37.6% versus EUR 234.3 million in H1 2024, › Free Cash Flow of EUR 168.0 million, up 3.5% organically, and down 11.5% year-on-year due to the one-off impact related to the Food Testing business divestment, › Adjusted net debt/EBITDA ratio of 1.11x as of June 30, 2025, broadly stable versus last year. Article content H1 2025 highlights Article content › Continued momentum of LEAP I 28 strategy execution with broad and resilient growth across most activities and regions, and with tangible impact from performance programs in the first half, › Executive Committee leadership changes to accelerate strategy execution, › Acquisition of six bolt-on companies, with four signed between April and July, for a total cumulative annualized revenue of c. EUR 60 million. These acquisitions are aligned with LEAP I 28 portfolio priorities of : i) Expanding leadership positions in Buildings & Infrastructure (Contec in Q1 2025); ii) Creating new strongholds in Power & Utilities and Renewables (Dornier Hinneburg GmbH), Cybersecurity (IFCR), and in Sustainability (Ecoplus), and iii) Optimizing value and impact in mature businesses; in Consumer Product Services (Lab System) and Metals & Minerals (GeoAssay in Q1 2025), › Completion of a EUR 200 million share buyback program (c.1.5% of the Company's shares, announced in the Q1 revenue press release in April 2025) to increase shareholders returns. Article content 2025 outlook confirmed Article content Based on a robust first-half performance, a solid backlog, and strong underlying market fundamentals, and in line with the LEAP | 28 financial ambitions, Bureau Veritas still expects to deliver for the full year 2025: Article content › Mid-to-high single-digit organic revenue growth, › Improvement in adjusted operating margin at constant exchange rates, › Strong cash flow, with a cash conversion 2 above 90%. Article content 'In the first half of 2025, Bureau Veritas made significant progress in implementing the LEAP I 28 strategy, delivering results that highlight the Company operational resilience and strategic focus: a robust organic growth of 6.7% and a strong margin improvement of 44 basis points. We continued to develop our portfolio through 6 new bolt-on acquisitions, and we progressed with our performance programs Article content , Article content designed to enhance operational efficiency. We have also ensured that specific cost actions are implemented to navigate an uncertain environment for our customers. Additionally, we completed our EUR 200 million share buyback program to drive shareholders' returns, showcasing our confidence in the Company's outlook. At the end of the second quarter, we announced changes to our Executive Committee leadership, aimed at accelerating strategy execution. This reorganization will strengthen our regional platforms, enabling more cross-selling, and accelerating our operational excellence and performance programs. Article content Article content Looking ahead, our strategic priorities are clear: to execute our portfolio programs both organically and inorganically, driving a step change in organic growth and market leadership, and to enable consistent and continued margin improvements. Article content Given our robust first-half performance, solid backlog, and the proven resilience of our diversified portfolio, we confirm our full-year 2025 outlook.' Article content H1 2025 KEY FIGURES Article content On July 24, 2025, the Board of Directors of Bureau Veritas approved the financial statements for H1 2025. The main consolidated financial items are: Article content IN EUR MILLION H1 2025 H1 2024 CHANGE CONSTANT CURRENCY Revenue 3,192.5 3,021.7 +5.7% +8.0% Adjusted operating profit (a) 491.5 451.9 +8.8% +12.0% Adjusted operating margin (a) 15.4% 15.0% +44bps +55bps Operating profit 513.1 388.5 +32.1% +35.3% Adjusted net profit (a) 292.4 288.3 +1.4% +5.4% Attributable net profit 322.3 234.3 +37.6% +41.6% Adjusted EPS (a) 0.65 0.64 +2.4% +6.4% EPS 0.72 0.52 +38.9% +42.9% Operating cash-flow 261.9 262.4 (0.2)% +2.8% Free cash flow (a) 168.0 189.9 (11.5)% (8.2)% Adjusted net financial debt (a) 1,254.7 1,112.2 +12.8% – (a) Alternative performance indicators are presented, defined, and reconciled with IFRS in appendices 6 and 8 of this press release Article content H1 2025 HIGHLIGHTS Article content › Robust organic revenue growth across the board throughout the first half Company revenue in the first half of 2025 increased by 6.7% organically compared to the first half of 2024, including a 6.2% organic increase in the second quarter and broad organic growth across most businesses and geographies. Article content › Double-digit growth: nearly a third of the portfolio, consisting of Marine & Offshore and Industry, delivered double-digit organic revenue growth in the first half, ranging from 12.3% to 12.7%. These divisions benefited from the strong trends in decarbonization and energy transition. › Mid and high single-digit growth: forty percent of the portfolio, consisting of Certification, Agri-Food & Commodities, and Consumer Product Services, achieved mid and high single-digit organic revenue growth, ranging from 4.5% to 8.6%. The consumer segment grew substantially in Asia, as the diversification strategy starts to pay off. The Certification division stemmed from carbon, supply chain-driven and cyber-security services strong demand. › Low single-digit growth: nearly a third of the portfolio, consisting of Buildings & Infrastructure, achieved low single-digit organic revenue growth (up 2.6%). Construction-related activities (Capex) growth was the highest within the division.
