Higher revenue growth target lifts Bureau Veritas shares
BUZZ-Higher revenue growth target lifts Bureau Veritas shares ** Shares in Bureau Veritas BVI.PA rise 2% after the French business services provider raised its revenue growth target for 2027-2028
** The group now sees revenue growing by double digits in the period compared to the previous forecast of a high single-digit growth
** It aims to generate €1 billion in revenue from AI-related markets and services by 2030, which represents around 13% of JPM estimated revenues for that fiscal year
** "We view the further acceleration of M&A and AI-driven market revenue ambitions as the key focus," J.P. Morgan says
** The company also narrowed its leverage target range to 1.5x-2.0x from 1.0x-2.0x previously
(Reporting by Zakarya Meliani)
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