Bureau Veritas Reaffirms FY25 Outlook After Q3 Revenue Growth

Bureau Veritas, a global leader in testing, inspection, and certification services, has announced its third-quarter 2025 financial results, demonstrating consistent revenue performance. The company confirmed its outlook for the full fiscal year 2025 based on the observed trends.

In the third quarter, Bureau Veritas generated revenues of EUR 1,583.7 million, marking a 2.3% increase year-on-year. Organic growth for the period stood at 6.3%, driven by strong contributions from the Marine & Offshore segment (16.2% organic growth) and a solid recovery in Buildings & Infrastructure (7.1% organic growth). The Industry and Certification segments also maintained robust growth figures, reporting 6.9% and 5.9% respectively.

The company continued to execute its LEAP I 28 strategy, including targeted acquisitions. In October, Bureau Veritas signed agreements for two bolt-on acquisitions totaling approximately EUR 32 million in annualized revenue. These acquisitions aim to enhance its leadership in the Buildings & Infrastructure division in Europe and establish new strongholds in the Renewables sector.

Based on its performance over the first nine months and a strong market pipeline, Bureau Veritas reaffirms its full-year 2025 guidance. The company expects mid-to-high single-digit organic revenue growth, an improvement in adjusted operating margin at constant exchange rates, and strong cash flow generation with a cash conversion rate above 90%.