France's Bureau Veritas FY 2025 organic revenue rises on strong portfolio growth

Bureau Veritas SA

25/02/2026 06:39

Overview

France-based testing and certification firm's FY 2025 organic revenue grew 6.5%

Adjusted EPS for FY 2025 rose 2.8% yr/yr

Company announced new EUR 200-million share buyback programme

Outlook

Bureau Veritas expects mid- to high-single-digit organic revenue growth in 2026

Company anticipates improvement in adjusted operating margin at constant exchange rates

Bureau Veritas aims for strong cash flow generation in 2026

Result Drivers

PORTFOLIO GROWTH - Strong organic growth driven by energy investments, digital infrastructure buildup, and demand for risk assessment solutions

LEAP I 28 STRATEGY - Execution of LEAP I 28 strategy improved operational leverage and scalability, supporting margin expansion

ACQUISITIONS AND DIVESTMENTS - Nine bolt-on acquisitions and two divestments supported portfolio priorities, adding EUR 96 mln in annualized revenue

Company press release: ID:nBw5257nba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
EUR 6.47 bln
FY Adjusted Net Income
EUR 631.40 mln
FY Net Income
EUR 588 mln
FY Adjusted Operating Margin
16.30%
FY Adjusted Operating Profit
EUR 1.05 bln
FY Operating profit
EUR 992.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Bureau Veritas SA is €34.00, about 23.3% above its February 24 closing price of €27.58

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)