Bureau Veritas Sa (BVRDF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.235 For the first part of the conference, the participants will be on listen-only mode. 00:00:04.235 -- 00:00:08.399 During the questions and answers session, participants will be able to ask questions 00:00:08.399 -- 00:00:12.202 by dialing pound key 5 on their telephone keypad. 00:00:12.202 -- 00:00:14.965 Now I will hand the conference over to the speakers. 00:00:14.965 -- 00:00:19.849 Hinda Gharbi, Chief Executive Officer, and Francois Chaba, Chief Financial Officer. 00:00:19.849 -- 00:00:22.470 Please go ahead. 00:00:24.537 -- 00:00:27.298 Good morning, good afternoon, and good evening to everyone. 00:00:27.298 -- 00:00:31.560 Thank you for joining us for our Health Year 2026 results. 00:00:31.560 -- 00:00:35.082 I'm joined by Francois Chabas, our Group CEO. 00:00:35.082 -- 00:00:40.244 The first half of 2026 demonstrates disciplined execution and the accelerating impact 00:00:40.244 -- 00:00:43.045 of our LEAP28 strategy. 00:00:43.045 -- 00:00:48.748 Operationally, we delivered 5% organic growth in the first half, with a sequential acceleration 00:00:48.748 -- 00:00:51.489 in the second quarter to 5.5% 00:00:51.489 -- 00:00:56.927 in a complex geopolitical environment. We also expanded margins, increased adjusted 00:00:56.927 -- 00:01:01.227 EPS, and maintained solid cash generation. 00:01:01.488 -- 00:01:06.409 Regarding the compliance deviations that we disclosed in April 26, we have completed 00:01:06.409 -- 00:01:11.470 our review, informed the authorities, and stopped the contracting questions. 00:01:11.470 -- 00:01:16.872 Based on our current assessment, we recorded a $32 million provision as of June 30, 00:01:16.872 -- 00:01:21.973 2026, reflecting our best estimate to date of the full financial impact 00:01:21.973 -- 00:0...