Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — H1 2025 Earnings Presentation
66 slides from Bureau Veritas Sa's earnings presentation, Jul 25, 2025
Slide 1: H1 2025 Results
H1 2025 July 25, 2025 RESULTS 1
Slide 2: Disclaimer
DISCLAIMER This presentation contains statements related to our future business and financial performance and future events or developments involving Bureau Veritas that may constitute forward-looking statements. These statements are based on current plans and forecasts of Bureau Veritas’ management
Slide 3: Summary
SUMMARY 01 02 03 04 05 HIGHLIGHTS LEAP | 28 FINANCIAL PORTFOLIO OUTLOOK BUSINESS UPDATE REVIEW HIGHLIGHTS 3
Slide 4: Highlights
01. Highlights 4
Slide 5: H1 2025 Revenue
H1 2025 REVENUE • +6.7% organic growth in H1 2025, of which ROBUST €3.2bn +6.2% in Q2 • +5.7% total growth and +8.0% at constant R E S U LT S currency - A D J U S T E D O P E R AT I N G P R O F I T M A I N TA I N E D • +8.8% y/y LEAP | 28 €491.5m • Adjusted operating margin of 15.4%, +44bps y/y and
Slide 6: Robust organic growth across the semester
ROBUST ORGANIC GROWTH ACROSS THE SEMESTER GROWTH LED BY ALL BUSINESSES BROAD GROWTH ACROSS ALL REGIONS SIZE OF BOXES IN PROPORTION OF GROUP REVENUE IN PERCENTAGE OF GROUP REVENUE Cumulative revenue M&O Africa, Middle East DOUBLE-DIGIT 30% ORGANIC GROWTH +20.8% IND organic growth Ranging from 12.3% t
Slide 7: Resilient portfolio – well-diversified revenue streams
RESILIENT PORTFOLIO – WELL-DIVERSIFIED REVENUE STREAMS REVENUE MIX BY TYPE OF SERVICES RISK MITIGATION SERVICES VS. REGULATORY REVENUE IN PERCENTAGE OF GROUP REVENUE IN PERCENTAGE OF GROUP REVENUE Example Opex & Risk c. 37% Systems mitigation Certification is a voluntary services1 business (industry
Slide 8: Focused LEAP | 28 update
Pe rfo lue Oper rm io ze va ati ol tim i pact and onal Op nd im an fu le sca nctio ver tf a ce or lab n a ilit a dP ge led y lds l stro ew ho Focuse N ng exec Inn ution 02. ovat Sustainability e ship nd ion r Expa lead N e LEAP | 28 d ew nt g “ ec m e sk onom h a ug orkin Tec ills y“ y s of w wa upd
Slide 9: LEAP | 28 – Active portfolio management
Focused portfolio M&A execution LEAP I 28 – ACTIVE PORTFOLIO MANAGEMENT LEAP | 28| 28 LEAP H1 2025 Revenue growth Revenue Key growth at constant currency mix contributors (organic + net M&A) • Certification Expand Leadership1 38% • B&I +9.1% • Industry Product Certification François New • Renewables
Slide 10: LEAP | 28 – M&A update
Focused portfolio M&A execution LEAP I 28 – M&A UPDATE Since the launch of LEAP | 28 Revenue M&A Annualized mix in H1 2025 progress revenue • 3 acquisitions • c. €147m Net Expand Leadership1 38% • 1 divestment • c. €30m c. €117m New Strongholds2 12% François • 10 acquisitions • c. €71m Optimize Valu
Slide 11: LEAP | 28 next steps
Evolved people model Performance led execution LEAP I 28 NEXT STEPS Accelerating execution and building long-term resilience BOOST UNLOCK ACCELERATE EXECUTION GROWTH PERFORMANCE • PERFORMANCE PROCESS IMPROVEMENT ORGANIZATION LEADERSHIP FOCUSED PORTFOLIO THROUGH DIGITAL EFFECTIVENESS AND ATTRIBUTES T
Slide 12: A strengthened structure
Evolved people model A STRENGTHENED STRUCTURE FROM TO 6 Regional Operating Groups 4 Regions 2 Global Vertical Operating Groups Product Lines François managed by 3 Senior Executives Global Business Lines Central Support Functions • Business Functions & Support Functions • 1 Senior Executive dedicated
Slide 13: Financial review
03. Financial review 13
Slide 14: Step change in growth and returns continued in H1 2025
STEP CHANGE IN GROWTH AND RETURNS CONTINUED IN H1 2025 ORGANIC REVENUE GROWTH +6.7% Robust broad-based organic revenue growth throughout the first half of 2025 ADJUSTED OPERATING MARGIN 15.4% Margin up 55 basis points at constant currency ADJ. EARNINGS PER SHARE GROWTH 0.65€ EPS growth led by operat
Slide 15: H1 2025 total revenue growth of 5.7%
H1 2025 TOTAL REVENUE GROWTH OF 5.7% REVENUE EVOLUTION VARIATION ANALYSIS In € million +8.0% at constant currency +6.7% +1.3% (2.3)% 3,192.5 3,021.7 François H1 2024 Organic 1 Scope Currency H1 2025 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix of
Slide 16: Revenue growth by business
REVENUE GROWTH BY BUSINESS % of H1 revenue H1 2025 Growth Q2 2025 at cc 30% Buildings & Infrastructure +2.6% +5.8% +8.4% +2.7% +6.4% 21% Industry +12.3% +0.8% +13.1% +10.4% +0.8% 18% Agri-Food & Commodities (6.4)% +5.0% (1.4)% (6.8)% +4.1% 13% Consumer Products +4.5% +3.3% +7.8% +5.4% +2.4% 9% Certi
Slide 17: Adjusted operating margin (1/2)
ADJUSTED OPERATING MARGIN (1/2) GROUP MARGIN EVOLUTION 55bps at constant currency 104bps (49)bps (11)bps • Operational leverage • H2 2024 restructuring François 15.5% 15.0% 15.4% benefits • Cost containment Margin at H1 2024 Organic1 Scope Currency H1 2025 constant currency (1) Alternative performan
Slide 18: Adjusted operating margin (2/2)
ADJUSTED OPERATING MARGIN (2/2) GROUP MARGIN EVOLUTION Total Organic Scope Currency H1 2025 H1 2024 (1) change y/y (bp) y/y (bp) y/y (bp) y/y (bp) Marine & Offshore 23.6% 24.5% (89)bps (50)bps - (39)bps Agri-Food & Commodities 14.3% 12.3% +200bps +186bps +23bps (9)bps Industry 13.1% 12.7% +40bps +55
Slide 19: H1 2025 key financial metrics
H1 2025 KEY FINANCIAL METRICS FINANCIAL HIGHLIGHTS Change Change IN EUR MILLION H1 2025 H1 2024 y/y at constant y/y currency Revenue 3,192.5 3,021.7 +5.7% +8.0% Adjusted operating profit1 491.5 451.9 +8.8% +12.0% Adjusted operating margin1 +15.4% +15.0% +44bps +55bps Operating profit 513.1 388.5 +32
Slide 20: Cash flow generation
CASH FLOW GENERATION Change IN EUR MILLION H1 2025 H1 2024 y/y A CONTINUED STRONG MANAGEMENT OF WORKING CAPITAL IN THE FIRST HALF OF 2025 Profit before income tax 456.7 362.7 25.9% Elimination of cash flows from 9,8% (110.4) 7.9 n.m 8,8% 9,0% financing and investing activities Provisions and other n
Slide 21: Capital allocation
CAPITAL ALLOCATION H1 2025 CAPITAL ALLOCATION 2028 GOALS H1 2025 HIGHLIGHTS Acquisition spend(1) €(37)m EUR 200m share buyback program NET M&A SPEND: accelerated Proceeds from +€138m Portfolio high-grading → Completed in Q2 2025 divestment → Reflecting confidence in the Group’s CAPEX: 2.5% - 3.0% re
Slide 22: Portfolio business highlights
04. Portfolio business highlights 22
Slide 23: Marine & Offshore
Key H1 2025 figures LEAP | 28 MARINE & Divisional ▪ Performance led execution revenue Organic Revenue Growth OFFSHORE 45% › Launch of Augmented Surveyor 3D: AI- powered anomaly detection and localization • New Construction: strong double-digit 9% OF H1 GROUP REVENUE solution for remote inspections o
Slide 24: Agri-Food & Commodities
Key H1 2025 figures LEAP | 28 AGRI-FOOD & Divisional ▪ Focused portfolio revenue Organic Revenue Growth COMMODITIES 33% • Oil & Petrochemicals: low single-digit › Acquisition of GeoAssay to strengthen position in Chile’s Metals & Minerals market • Metals & Minerals: double-digit 18% OF H1 GROUP REVE
Slide 25: Industry
Key H1 2025 figures LEAP | 28 Divisional revenue Organic Revenue Growth ▪ Focused Porfolio INDUSTRY 20% 13% • Oil & Gas Opex: mid-to-high single-digit › Agreement signed for the acquisition of Dornier Hinneburg GmbH, delivering • Oil & Gas Capex: strong double-digit 15% 21% OF H1 GROUP REVENUE • Pow
Slide 26: Buildings & Infrastructure
Key H1 2025 figures LEAP | 28 BUILDINGS & Divisional revenue Organic Revenue Growth ▪ New revenue streams INFRASTRUCTURE 39% • Capex Building: mid single-digit › Contract secured with the UK Government to develop air qualities policies, through the 30% OF H1 GROUP REVENUE • Opex Building: low single
Slide 27: Certification
Key H1 2025 figures LEAP | 28 Divisional revenue Organic Revenue Growth ▪ Focused portfolio CERTIFICATION 55% › Consolidating the cybersecurity business and • QHSE & Specialized Schemes: high single-digit launching “Bureau Veritas Cybersecurity”, and 9% OF H1 GROUP REVENUE • Sustainability* & Digita
Slide 28: Consumer Products Services
CONSUMER Key H1 2025 figures LEAP | 28 PRODUCTS Divisional revenue Organic Revenue Growth ▪ Focused portfolio SERVICES 48% • Softlines, Hardlines, Toys: mid single-digit › Agreement signed for the acquisition of Lab System, the largest independent laboratory for • Healthcare*: high single-digit 13%
Slide 29: Outlook
| BUREAU VERITAS
Slide 30: 2025 outlook confirmed
2025 OUTLOOK CONFIRMED Based on a robust first-half performance, a solid backlog, and strong underlying market fundamentals, and in line with the LEAP | 28 financial ambitions, Bureau Veritas still expects to deliver for the full year 2025: Mid-to-high Strong cash Improved single-digit flow, adjuste
Slide 31: Closing remarks
CLOSING REMARKS › Strong delivery in H1 supported by sustained execution of LEAP | 28 › Navigating short-term uncertainties requires disciplined execution and a focused team › Acceleration of LEAP | 28 will be supported by a highly focused and connected organization and Executive Leadership Team 31
Slide 32: Questions & Answers
QUESTIONS & ANSWERS H 1 2 0 2 5 R E S U L T S 32
Slide 33: 2025 & 2026 financial calendar
2025 & 2026 FINANCIAL CALENDAR AGENDA Our information is certified with blockchain technology. Check that this presentation is genuine at www.wiztrust.com › Q3 2025 revenue: October 23, 2025 › FY 2025 results: February 25, 2026 › Q1 2026 revenue: April 22, 2026 › Shareholder’s meeting: May 19, 2026
Slide 34: Contacts
CONTACTS I N V E S T O R R E L AT I O N S D E PA R T M E N T BUREAU VERITAS SA - TOUR ALTO 14 RUE LOUIS BLANC, 92 400 COURBEVOIE Laurent Brunelle Head of Investor Relations, Financial Communication and Non-Financial Rating Agencies +33 (0)1 55 24 76 09 laurent.brunelle@bureauveritas.com Colin Verbru
Slide 35: Appendix
06. Appendix: BUREAU VERITAS
Slide 36: An accelerating active portfolio management
Focused portfolio M&A execution AN ACCELERATING ACTIVE PORTFOLIO MANAGEMENT Consumer Products Services Certification Buildings & Infra. Buildings & Infra. Certification Technology Cybersecurity Capex & Opex Capex & Opex Cybersecurity › Hi Physix Laboratory › Security Innovation › IDP Group › Contec
Slide 37: LEAP | 28 – M&A update - YTD 2025
Focused portfolio M&A execution LEAP I 28 – M&A UPDATE - YTD 2025 Expand Leadership – B&I Capex & Opex Create New Strongholds • Contec AQS – Italy Cybersecurity - Denmark › Technical expertise covering construction, infrastructure, and HSE1 (190 employees) €30m • The Institute for Cyber Risk (IFCR)
Slide 38: A robust financial structure
A ROBUST FINANCIAL STRUCTURE LONG-TERM RATING AND RATED BOND ISSUANCES DEBT MATURITY PROFILE AS OF JUNE 30, 2025 500 500 500 222 200 200 A3 rating François stable outlook 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 › No new bond issuance completed in H1 2025 › Net debt / EBITDA1 at 1
Slide 39: CSR commitment maintained in H1 2025
CSR COMMITMENT MAINTAINED IN H1 2025 › “Duty of care” plan published in Q2 2025 2028 H1 2024 H1 2025 target Scope 1 & 2 CO2 emissions › CSR performance recognized by non- (in thousand tons)1 147 131 107 financial rating agencies › CDP: rated A Total Accident Rate (TAR)2 0.25 0.22 0.23 › S&P: global
Slide 40: BV awarded in the 2025 Extel Developed Europe Executive Survey
BV AWARDED IN THE 2025 EXTEL DEVELOPED EUROPE EXECUTIVE SURVEY* Bureau Veritas has been highly recognized in Extel’s Developed Europe Executive survey among c.60 companies in the Business and Employment services sector, with 7 awards out of 8: BEST CEO: TOP 1 BEST CFO: TOP 1 BEST IR TEAM, BEST IR PR
Slide 41: Bureau Veritas aims to be the leader in non-financial ratings
BUREAU VERITAS AIMS TO BE THE LEADER IN NON-FINANCIAL RATINGS Main ratings to nurture reputation with clients and trust with investors Negligible risk Advanced 84/100 ranked 1st in Research 73/100 Gold July 2024 77/100 and Consulting subindustry October 2024 Top 5% S&P Global CSA Score May 2024 Febr
Slide 42: Secular drivers by business line
SECULAR DRIVERS BY BUSINESS LINE Marine & Offshore Buildings & Infrastructure Main secular drivers SUSTAINABILITY DRIVE ENERGY TRANSITION & Main secular drivers ENERGY TRANSITION & URBANIZATION Renewal of ageing DECARBONIZATION DECARBONIZATION Population increase and World fleet Green shipping & dec
Slide 43: Portfolio of business
PORTFOLIO OF BUSINESS REVENUE BY BUSINESS ADJUSTED OPERATING PROFIT Marine & Offshore Marine & Offshore 13% 9% 13% 18% Agri-Food & Commodities Agri-Food & Commodities 9% 18% Industry 17% Industry 10% H1 2025 H1 2025 Buildings & Infrastructure Buildings & Infrastructure Certification Certification 30
Slide 44: H1 2025 revenue by business
H1 2025 REVENUE BY BUSINESS REVENUE AND YEAR-ON-YEAR REVENUE GROWTH BREAKDOWN OF REVENUE €M Organic Scope Currency Marine & Offshore Marine & Offshore 278.0 +12.7% - (2.1)% 13% 9% Agri-Food & Commodities Agri-Food & Commodities 590.1 +5.0% (6.4)% (2.5)% 9% 18% Industry Industry 679.0 +12.3% +0.8% (4
Slide 45: H1 2025 revenue evolution by geography
H1 2025 REVENUE EVOLUTION BY GEOGRAPHY REVENUE BY GEOGRAPHIC AREA REVENUE EVOLUTION BY NATURE Africa, Middle East Organic Scope Americas 11% +2,5% +20,8% 25% H1 2025 35% +3,1% Europe +7,6% +5,7% +2,9% (1,9)% (1.3)% 29% Americas Asia Pacific Europe Africa, Middle East Asia Pacific 45
Slide 46: Q2 2025 revenue by business
Q2 2025 REVENUE BY BUSINESS REVENUE AND YEAR-ON-YEAR REVENUE GROWTH BREAKDOWN OF REVENUE €M Organic Scope Currency Marine & Offshore Marine & Offshore 141.8 +13.5% - (3.7)% 13% 9% Agri-Food & Commodities Agri-Food & Commodities 293.3 +4.1% (6.8)% (4.7)% 9% 18% Industry Industry 343.2 +10.4% +0.8% (6
Slide 47: Q2 2025 revenue evolution by geography
Q2 2025 REVENUE EVOLUTION BY GEOGRAPHY REVENUE BY GEOGRAPHIC AREA REVENUE EVOLUTION BY NATURE Africa, Middle East Organic Scope 10% Americas 25% +1,1% +17,0% Q2 2025 35% +7,8% +3,8% Europe +5,1% +2,8% (2,0)% (0,8)% 30% Americas Asia Pacific Europe Africa, Middle East Asia Pacific 47
Slide 48: Q2 2025 total revenue growth of 3.3%
Q2 2025 TOTAL REVENUE GROWTH OF 3.3% REVENUE EVOLUTION VARIATION ANALYSIS In € million +7.5% at constant currency +6.2% +1.3% (4.2)% 1,633.8 1,582.2 Q2 2024 Organic 1 Scope Currency Q2 2025 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix of this pre
Slide 49: Adjusted operating profit by business
ADJUSTED OPERATING PROFIT BY BUSINESS Adjusted operating profit (€M) Adjusted operating margin (%) Change Change H1 2025 H1 2024(1) H1 2025 H1 2024(1) (%) (bp) Marine & Offshore 65.8 61.7 +6.6% 23.6% 24.5% (89)bps Agri-Food & Commodities 84.5 75.6 +11.9% 14.3% 12.3% +200bps Industry 88.9 79.2 +12.2%
Slide 50: Consolidated income statement
CONSOLIDATED INCOME STATEMENT IN EUR MILLION H1 2025 H1 2024 Revenue 3,192.5 3,021.7 Service costs rebilled to clients 101.9 94.9 Revenue and services costs rebilled to clients 3,294.4 3,116.6 Purchase and external charges (987.0) (948.8) Personnel costs (1,711.7) (1,598.7) Taxes other than on incom
Slide 51: Consolidated statement of financial position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION IN EUR MILLION JUNE 30, 2025 DEC. 31, 2024 IN EUR MILLION JUNE 30, 2025 DEC. 31, 2024 Goodwill 2,162.6 2,313.0 Share capital 54.5 54.5 Intangible assets 427.0 464.4 Retained earnings and other reserves 1 387.4 1,917.2 Property, plant and equipment 379.8 4
Slide 52: Consolidated statement of cash flow (1/2)
CONSOLIDATED STATEMENT OF CASH FLOW (1/2) IN EUR MILLION H1 2025 H1 2024 Profit before income tax 456.7 362.7 Elimination of cash flows from financing and investing activities (110.4) 7.9 Provisions and other non-cash items 106.7 53.7 Depreciation, amortization and impairment 134.7 127.3 Movements i
Slide 53: Consolidated statement of cash flow (2/2)
CONSOLIDATED STATEMENT OF CASH FLOW (2/2) IN EUR MILLION H1 2025 H1 2024 Capital increase 12.2 12.5 Purchases/sales of treasury shares (192.5) (199.2) Dividends paid (25.5) (9.1) Increase in borrowings and other debt 210.2 492.0 Repayments of borrowings and other debt (503.6) (6.2) Repayment of debt
Slide 54: Adjusted net financial debt
ADJUSTED NET FINANCIAL DEBT IN EUR MILLION JUNE 30, 2025 DEC. 31, 2024 JUNE 30, 2024 Non-current borrowings and financial debt 1,893.1 1,896.5 2,098.9 Current borrowings and financial debt 229.0 534.4 535.4 Gross financial debt 2,122.1 2,430.9 2,634.3 Total cash and cash equivalents (867.5) (1,204.2
Slide 55: Earnings per share
EARNINGS PER SHARE IN EUR MILLIONS H1 2025 H1 2024 FY 2024 Basic EPS 0.72 0.52 1.27 Basic adjusted EPS 0.65 0.64 1.38 Weighted average number of shares 447,541,814 451,680,634 450,009,888 Diluted EPS 0.71 0.51 1.25 Diluted adjusted EPS 0.65 0.63 1.37 Weighted average number of shares for diluted 451
Slide 56: H1 2025 restructuring: €11.1 million
H1 2025 RESTRUCTURING: €11.1 MILLION BY BUSINESS BY GEOGRAPHY Middle East & Africa 3% 8% M&O Europe 9% Agri-Food & Commodities Asia Pacific 26% 66% Industry 49% Buildings & Infrastructure 3% Americas Certification 17% 19% 0% Consumer Products 56
Slide 57: Well diversified sources of financing with a balanced maturity profile
WELL DIVERSIFIED SOURCES OF FINANCING WITH A BALANCED MATURITY PROFILE DEBT MATURITY PROFILE AS OF JUNE 30, 2025 DEBT BREAKDOWN 11% 0,1% 9% Bond Fixed rate USPP Floating rate Other 500 500 500 80% 222 99,9% 200 200 0% 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 EUR › Gross financial
Slide 58: Currency mix in H1 2025
CURRENCY MIX IN H1 2025 REVENUE CURRENCY EXPOSURE CURRENCY CHANGE (YEAR ON YEAR) OTHER 18,8% EUR 29,6% USD* (1,0)% CNY (1,5)% ARS 1,2% AUD (3,5)% SGD 1,2% GBP +1,5% BRL (12,7)% JPY 1,4% CAD (4,6)% SAR* 1,6% HKD* (0,7)% H1 2025 CLP 2,1% AED* (1,1)% INR (4,3)% INR 2,1% CLP (2,4)% AED* 2,3% SAR* (1,1)%
Slide 59: Definition of alternative performance indicators and reconciliation with IFRS (1/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (1/5) INTRODUCTION ORGANIC GROWTH (1/2) The management process used by the Bureau Veritas Group is based on a The Group internally monitors and publishes “organic” revenue growth, which series of alternative performance in
Slide 60: Definition of alternative performance indicators and reconciliation with IFRS (2/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (2/5) ORGANIC GROWTH (2/2) SCOPE EFFECT Organic revenue growth represents the percentage of revenue growth, To establish a meaningful comparison between reporting periods, the impact presented at Group level and for each b
Slide 61: Definition of alternative performance indicators and reconciliation with IFRS (3/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (3/5) Adjusted operating profit and adjusted operating margin are key indicators used to Since a measurement period of 12 months is allowed for determining the fair value measure the performance of the business, excluding
Slide 62: Definition of alternative performance indicators and reconciliation with IFRS (4/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (4/5) ADJUSTED EFFECTIVE TAX RATE ADJUSTED ATTRIBUTABLE NET PROFIT PER SHARE The effective tax rate (ETR) represents income tax expense divided by the Adjusted attributable net profit per share (adjusted EPS or earnings pe
Slide 63: Definition of alternative performance indicators and reconciliation with IFRS (5/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (5/5) FREE CASH FLOW FINANCIAL DEBT Free cash flow represents net cash generated from operating activities Gross debt (or gross finance costs/financial debt) represents loans and (operating cash flow), adjusted for the fol
Slide 64: Glossary
GLOSSARY Operating Profit (AOP) excludes amortization of acquisition intangibles, goodwill IoT: Internet of Things impairment, restructuring, acquisition and disposal-related items (adjustment items) IMO: International Maritime Organization ASR: Accident Severity Rate LNG: Liquefied Natural Gas Adju
Slide 65: Ownership and market data at June 30, 2025
OWNERSHIP AND MARKET DATA AT JUNE 30, 2025 SHAREHOLDING STRUCTURE MARKET DATA Wendel group 1 • Listed on Euronext-Paris • Ticker: BVI Blackrock • ISIN: FR0006174348 26,5% • IPO on October 2007: €9.44/share Executive Committee & Employees • Share Price2: €29.34 Treasury shares • Market Cap.2: €13.32b
Slide 66: www.bureauveritas.com
BUREAU VERITAS Shaping a World of Trust WWW.BUREAUVERITAS.coM ffi