IIOC member BSI post 2017 results, with revenue up 18% to £473 million. Organic revenue growth at 10% (constant currency) with inorganic growth of 5%. Underlying Operating Profit was £59.5 million, up 19%.
Assurance, which accounts for 71% of BSI’s revenue, grew 14% (12% at constant currency) to £337.7 million. Within this Systems certification grew 8% (constant currency).
BSI notes, ‘This is the highest rate achieved in recent years and due in part to the heavy investment that we have made in order to be able to accompany our clients effectively on their journey to upgrade to the new versions of ISO 9001 (Quality Management) and ISO 14001 (Environmental Management). Further improvements in process optimization ensured that this growth was profitable.’