REG-BUREAU VERITAS - Double digit total revenue growth in the third quarter of 2026; Organic revenue growth sequential improvement; 2026 outlook confirmed
Key Highlights
- ➤Q3 revenue EUR 1,569.7 million, up 10.1% year-on-year
- ➤Organic revenue growth 6.2%, sequentially above Q2's 5.9%
- ➤2026 outlook confirmed: mid-to-high single-digit organic growth
- ➤2027-2028 total revenue growth target upgraded to double-digit CAGR
- ➤EUR 700 million bond placed at 4.125% coupon, due September 2034
Expert Statements
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“The third quarter of 2026 marks another quarter of solid execution, with organic revenue growth of 6.2% in a volatile geopolitical and macroeconomic environment.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“I would like to thank all our colleagues around the world for their contributions.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“This performance confirms that the rotation of our portfolio positions us on growth markets.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“Additionally, the recently completed acquisitions expand our capabilities, further strengthening our market leadership position.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“Growth at constant currency was high single-digit, and with positive currency effects, total growth reached double-digits in the quarter.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“At our Capital Markets Day in September, we confirmed our LEAP | 28 ambitions and outlined how we will amplify our execution over the next two years.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“We will continue our disciplined M&A to deliver on our upgraded total revenue growth target to a double-digit CAGR for 2027 and 2028.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“In parallel, we will continue to strengthen operational leverage and functional scalability, while completing our people programs.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“AI is both a growth catalyst and a transformation lever for Bureau Veritas.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“Our ambition is to generate EUR 1 billion in revenue from AI-driven markets and services by 2030.”
Hinda Gharbi, Chief Executive Officer of Bureau Veritas
“We remain fully committed to delivering our 2026 outlook and our LEAP | 28 financial ambitions.”
Double digit total revenue growth in the third quarter of 2026;
The execution of LEAP | 28 has transformed Bureau Veritas into a more focused, faster-growing and higher-performing multi-specialist company. Its Product Line-centric operating model combines the Company’s global scale and resilience with clear priorities, stronger accountability and deep specialist expertise. This creates a more repeatable growth model, enabling faster execution, stronger capabilities and higher conversion of growth into profitability.
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