Bureau Veritas Reports Strong First Quarter of 2025
Testing, inspection, and certification company Bureau Veritas reported robust revenue growth in the first quarter and maintained its 2025 outlook. The company also announced a EUR 200 million share buyback program.
Bureau Veritas, a global leader in testing, inspection, and certification services, announced a strong start to 2025 with its first-quarter results. The company reported total revenue of EUR 1,558.7 million, marking an 8.3% increase year-on-year. Organic growth, excluding acquisitions and currency impacts, reached 7.3%, driven by significant gains in the Industry (+14.3%), Marine & Offshore (+11.8%), and Certification (+10.9%) segments.
The company reaffirmed its financial outlook for the full year 2025, anticipating mid-to-high single-digit organic revenue growth. Bureau Veritas also expects an improvement in its adjusted operating margin at constant exchange rates and continued strong cash flow, with a cash conversion rate projected above 90%.
In parallel with its performance, Bureau Veritas announced plans to increase shareholder returns through a new EUR 200 million share buyback program. This program is expected to be completed by the end of June 2025, reflecting the company's confidence in its resilient business model and its financial performance.