Bureau Veritas Sa (BVRDF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Bureau Veritas Q1 2025 Revenue Conference call. My name is Alan and I will be your coordinator for today's event. Please note this call is being recorded and for the duration your lines will be on listen only. However, you will have the opportunity to ask questions at the end. This can be done by pressing star 1 on your telephone keypad. If you require assistance at any time, please press star 0 and you will be connected to an operator. I will now hand you over to your host, Inda Garbi, CEO, to begin today's conference. Thank you. Thank you. Thank you, Alan. Good morning, good afternoon, and good evening to everyone. Welcome to Bureau Veritas' first quarter 2025 revenue presentation. I'm joined on this call by François Chabat, our group CFO. Vero Veritas delivered a robust quarter, leveraging the group's resilient business and geographical mix while navigating and monitoring the current macroeconomic environment. I'd like to thank our colleagues for all their contributions to our results around the world. Starting with our revenue performance, I'm pleased to report that our revenue reached $1.6 billion in the first quarter of 2025, reflecting an 8.3% increase compared to the same period last year. our organic revenue growth progressed by a healthy 7.3%. This performance demonstrates resilience, clear business plans, and shows strong execution. CapEx activities benefited from a solid backlog, while OpEx services were derived from sustained and recurring customer spending. Additionally, we continue to advance our LEAP 28 active portfolio strategy through targeted acquisitions, accounting for 3%. which then net of divestment contributed 1.4% to our revenue. This enables us to further pivot our portfolio. Finally, as the euro remains strong against most cu...