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Bureau Veritas targets a step change in growth and shareholder returns

Published : 11.04.2024
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During its Capital Markets Day, Bureau Veritas presented its 2028 strategy and its financial ambitions:

  • New customer-centric vision, to be the preferred partner for customers’ excellence and sustainability
  • New strategy LEAP I 28 to deliver a step change in growth and performance, built around three pillars: Portfolio, Performance and People, with sustainability at its core
  • Ambition 2028: high single-digit total revenue growth(1), consistent adjusted operating margin improvement(1), double- digit shareholder returns, and strong cash conversion (2)
  • In support of its strategy, and reflecting its financial health, Bureau Veritas intends to acquire its own shares for up to 200 million euro in 2024

Hinda Gharbi commented: “Our new strategy, LEAP I 28, is a new chapter in our history as we aim to achieve a step change in our leadership and performance, both in terms of growth and shareholder returns.”

For more information, please read the press release available on our website.

(1) At constant currency
(2) (Net cash generated from operating activities – lease payments + corporate tax)/adjusted operating profit

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The information contained in this section of the website of Wendel (the “Seller”) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the “United States”), Australia, Canada, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the “Company”) in the United States, Australia, Canada, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

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