France · Delayed Price · Currency is EUR Bureau Veritas Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw €1.55bn revenue with 4.5% organic growth, led by Marine & Offshore and B&I, but impacted by Middle East disruptions and a compliance event in Government Services, prompting contract exits and updated guidance. LEAP 28 strategy and portfolio transformation continue.
Fiscal Year 2025
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Delivered 6.5% organic revenue growth and strong margin expansion in 2025, driven by robust performance across all segments, active portfolio rotation, and disciplined capital allocation. 2026 guidance targets continued mid to high single-digit growth and further margin improvement.
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Q3 2025 saw robust 6.3% organic revenue growth, with all major segments and geographies contributing, especially Marine & Offshore and Buildings & Infrastructure. The outlook for 2025 is confirmed, supported by a strong backlog, ongoing M&A, and portfolio transformation.
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Delivered strong H1 2025 results with 6.7% organic revenue growth, margin expansion, and robust performance across all segments. Confirmed 2025 outlook for mid to high single-digit organic growth, margin improvement, and strong cash conversion, supported by strategic acquisitions and organizational restructuring.
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Q1 2025 revenue rose 8.3% year-over-year to €1.6 billion, with 7.3% organic growth and strong performance across core divisions and regions. Outlook for 2025 remains unchanged, targeting mid to high single-digit organic growth and a €200 million share buyback.
Fiscal Year 2024
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Delivered record 2024 results with 10.2% organic revenue growth, margin expansion, and strong free cash flow. All segments grew, with standout performances in Industry and Certification, and robust M&A activity. 2025 outlook calls for continued growth and margin improvement.
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Q3 2024 saw 13% organic revenue growth, with all business lines and regions contributing. The outlook for 2024 was upgraded to 9%-10% organic growth, supported by strong demand in sustainability and energy transition services, robust backlog, and active M&A and divestment activity.
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Delivered record H1 2024 results with 9.2% organic revenue growth, 15% margin, and strong cash flow. Upgraded full-year outlook to high single-digit organic growth, with robust performance across all segments, especially in sustainability and energy transition.