Bureau Veritas: Delivering on Our Commitments With Higher Sequential Organic Growth in Q2 and Continuous Margin Improvements

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentSign In or Create an AccountEmail AddressContinueor View more offersArticle contentCOURBEVOIE, France — Bureau Veritas (BOURSE:BVI):Article contentWe apologize, but this video has failed to load.

Try refreshing your browser, ortap here to see other videos from our team.Article contentH1 2026 key figuresArticle content1Article content› Revenue of EUR 3,258.4 million in H1 2026, up 2.

1% year-on-year and up 5.0% organically (with a sequential improvement in Q2 2026 at 5.5% organic growth), › Adjusted operating profit of EUR 506.

5 million, up 3.1% versus EUR 491.5 million in H1 2025, representing an adjusted operating margin of 15.

5%, up 15 basis points year-on-year and up 29 basis points at constant currency, › Operating profit of EUR 430.8 million, down 16.0% versus EUR 513.

1 million in H1 20252, › Adjusted net profit of EUR 303.8 million, up 3.9% versus EUR 292.

4 million in H1 2025, › Adjusted EPS stood at EUR 0.68 in H1 2026, with a 4.8% increase on a reported basis versus H1 2025 (EUR 0.

65 per share) and 9.8% at constant currency, › Attributable net profit of EUR 237.9 million, down 26.

2% versus EUR 322.3 in H1 2025, › Free Cash Flow of EUR 157.7 million, up 3.

2% organically, and down 6.1% year-on-year due to forex evolutions, › Adjusted net debt/EBITDA ratio stood at 1.45x as of June 30, 2026, higher year-on-year due to the earlier payment of dividend on a comparative basis (in Q2 2026 versus Q3 2025), while remaining within the LEAP | 28 indicative range of 1.

0x to 2.0x.Article contentArticle contentH1 2026 highlightsArticle contentTop StoriesGet the latest headlines, breaking news and columns.

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Article content› Steady organic revenue growth in H1 2026, with sequential improvement in Q2, and continued margin expansion with an ongoing Middle East conflict, › Strong momentum in Mission Critical Assets, Oil & Gas Capex, Metals & Minerals and Consumer Products Services Tech, › Ongoing execution of the LEAP | 28 portfolio refocusing strategy, with five acquisitions announced year-to-date, adding c. EUR 138 million in annualized 2025 revenue, and one major agreement for divestment signed, representing c. EUR 450 million in annualized 2025 revenue.

Upon completion, these transactions contribute to achieving 20% portfolio rotation3 since the strategy launch in 2024. This will further strengthen Bureau Veritas’ exposure to higher growth and higher margin markets, › Progress with the Group’s planned exit from “Government Services” activities and record of a provision for related risks.Article contentUpgraded 2026 outlook post disposal of activities planned for exitArticle contentBureau Veritas continues to rotate its portfolio and to execute the LEAP | 28 strategy.

Based on a solid first-half performance, a robust pipeline and the ongoing portfolio reshaping, including the planned exit from Oil & Petrochemicals and Coal testing and inspection and from “Government Services” businesses, the Group is enhancing its growth profile and upgrades its full-year 2026 guidance as follows:Article content› Mid-to-high single-digit organic revenue growth, versus mid-single-digit growth previously, › Adjusted operating margin improvement at constant exchange rates, unchanged, › Strong cash flow generation, unchanged.Article contentThe Group is fully committed to its LEAP | 28 financial guidance, benefiting from specific favorable market trends and from the sustained execution of the strategy’s portfolio and performance programs.Article contentHinda Gharbi, Chief Executive Officer, commented:Article content“The first half of 2026 marks another period of solid execution for Bureau Veritas, with a steady 5.

0% organic revenue growth, with an acceleration to 5.5% in the second quarter, and continued margin expansion in a complex geopolitical environment. I would like to thank all our colleagues for their strong commitment and contributions.

Article contentIn a rapidly evolving global environment, with supply chain reconfigurations and accelerating AI adoption, we continue to develop Bureau Veritas into a preferred and trusted partner to our clients through a disciplined execution of our LEAP | 28 strategy.Article contentArticle contentAs we reach the midpoint of our LEAP | 28 strategic plan, our performance confirms the relevance of our portfolio transformation. The ongoing rotation of our por