Bureau Veritas: A Robust First Quarter and an Unchanged 2025 Outlook; Increased Returns to Shareholders with a EUR 200m Share Buyback Program

2025年04月24日 15:19:30 来自: (0)参与

NEUILLY-SUR-SEINE, France--(BUSINESS WIRE)--Bureau Veritas (BOURSE:BVI):

Q1 2025 Key figures1

› Revenue of EUR 1,558.7 million, up 8.3% year-on-year and up 7.3% organically
› Strong organic growth from Industry at +14.3%, Marine & Offshore at +11.8% and Certification at +10.9% with moderate growth for Agri-Food & Commodities at +6.0%, Consumer Products Services at +3.4%, and Buildings & Infrastructure at +2.5%
› Positive scope effect of 1.4%, from bolt-on acquisitions (+3.0% contribution), net of disposals (-1.6% contribution)
› Negative currency impact of 0.4%, resulting from the euro’s appreciation against most currencies

Q1 2025 Highlights

› Steady and consistent growth in every region, demonstrating clear business plans and showing strong execution
› Broad growth across all activities. Capex activities driven by a solid backlog, and Opex activities derived from sustained and recurrent customer spending
› Two acquisitions completed in the first quarter, adding annualized revenue of c. EUR 38 million, in line with the LEAP | 28 portfolio strategy
› New share buyback program of EUR 200 million to be completed by the end of June 2025, reflecting the Group's confidence in its resilient business model and taking advantage of the current share price

2025 Outlook unchanged

While customers are navigating an uncertain period, the Group has a robust opportunities pipeline, a solid backlog, and mid-to-long-term strong market fundamentals. Therefore, Bureau Veritas keeps its outlook unchanged, and expects to deliver for the full year 2025:

› Mid-to-high single-digit organic revenue growth,
› Improvement in adjusted operating margin at constant exchange rates,
› Strong cash flow, with a cash conversion2 above 90%.

Hinda Gharbi, Chief Executive Officer, commented:

“We are starting the year with a robust first quarter performance, with strong organic growth across most of our businesses. Bureau Veritas has a resilient business and geographical mix, and will continue to actively manage its portfolio with disciplined bolt-on acquisitions.

While we are navigating an uncertain and complex macroeconomic environment, our Group has a solid backlog, an engaged workforce and a proven execution track record. Therefore, we are keeping our outlook unchanged, closely monitoring market developments and accelerating our performance programs to bring additional resilience to our business.

Finally, with a healthy balance sheet and to further increase shareholder value, we are launching a new €200 million share buyback program, reflecting our strong cash generation and our confidence in the upside potential of our shares.”

Q1 2025 KEY FIGURES

     

GROWTH

IN EUR MILLION

Q1 2025

Q1 2024

CHANGE

ORGANIC

SCOPE

CURRENCY

Marine & Offshore

136.2

122.1

+11.5%

+11.8%

-

(0.3)%

Agri-Food & Commodities

296.8

297.3

(0.2)%

+6.0%

(5.9)%

(0.3)%

Industry

335.8

295.6

+13.6%

+14.3%

+0.7%

(1.4)%

Buildings & Infrastructure

476.5

441.0

+8.1%

+2.5%

+5.2%

+0.4%

Certification

134.1

117.4

+14.2%

+10.9%

+3.7%

(0.4)%

Consumer Products Services

179.3

166.1

+7.9%

+3.4%

+4.4%

+0.1%

Total Group revenue

1,558.7

1,439.5

+8.3%

+7.3%

+1.4%

(0.4)%

 
相关新闻
网易网友:我也有过期待
评论:做一个单纯的人,走一段幸福的路。

腾讯网友:浅笑含双靥╮
评论:领“鲜”一步

本网网友:Chafferer  迷心
评论:黄瓜是用来拍的,人生是用来嗨的

搜狐网友:冷笑你的无知
评论:爱由一个笑容开始,用一个吻来成长,用一滴眼泪来结束。

天猫网友:你给的牵绊╮
评论:挣钱是一种能力,花钱是一种技术,我能力有限,技术却很高。

百度网友:没感觉  End.ゝ
评论:别以为遇见我就是你旳缘,也可能是你旳坎。

其它网友:没你妈娇柔 -   
评论:我们这个年龄,更多的是练爱而不是恋爱。

猫扑网友:目标锁定 Against
评论:你玩儿的叫潜水,哥玩儿的叫潜伏

淘宝网友:Emotiona°小吃货
评论:您好:把您闺女借我一年,明年还您一大一小。

凤凰网友:那憂愁的感覺
评论:天平的一端放上爱情,另一端就得放上生命

新闻转自网络媒体,如有侵权,请与我们联系:1160322105@qq.com责编:admin