Bureau Veritas Sa (BVRDF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to the speakers. Hinda Garbi, Chief Executive Officer and Francois Chaba, Chief Financial Officer. Please go ahead. Good evening to everyone. Welcome to Bureau Veritas' third quarter 2025 revenue presentation. Thank you for participating today through the webcast for the conference call. I'm joined by Francois Chabat, our Chief Financial Officer. Bureau Veritas has demonstrated another robust performance this quarter. We have continued to make significant progress in implementing our LEAP28 strategic framework, leveraging Bureau Veritas' diversified and resilient business portfolio and geographical footprint. I'd like to thank our colleagues around the world whose commitment and efforts have contributed to our strong results. Starting with our revenue performance, our revenue in the third quarter reached 1.6 billion euros. Our organic revenue growth demonstrated remarkable resilience, progressing by a healthy 6.3% against challenging comparables. This performance demonstrates the effectiveness of our strategy and highlights our team's strong execution capabilities. Additionally, we continue to execute our LEAP28 active portfolio strategy through targeted acquisitions accounting for 3.1% of the growth and net of divestments contributing 0.8% to our revenue. These acquisitions are aligned with our portfolio objectives and contribute to further focus our portfolio. As anticipated, the euro's strength against most currencies resulted in a negative currency impact of 4.8% for the quarter. Based on our robust year-to-date performance and taking into account our consistent strategy execution, we confirm our...