Bureau Veritas Confirms LEAP | 28 Ambition, Upgrades Total Revenue Growth to Double-Digit in 2027 – 20281 and Targets EUR1 Billion Revenue in AI-Driven Markets and Services by 2030

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Digital and AI will be key enablers of Bureau Veritas’ performance programs, helping automate low-value tasks, improve planning, and support experts in their work. By scaling digital operating systems, the Company aims to enhance productivity, service quality, and customer experience, while supporting margin improvement.

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For 2027–2028, Bureau Veritas will amplify these programs: full global deployment of all performance programs, AI workflow integration, and redesigned service delivery models.

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People: an Expert-First approach

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Bureau Veritas People strategy aims at developing expertise in new economy skills, building leaders and enabling teams to work in a more tech-augmented way. To achieve this ambition, the Company introduced a Product Line-centric organization and has capability building programs for its People.

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The first completed program is the Sustainability Graduate Program, and the subsequent one will aim at developing capabilities around digital assurance.

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The Company is also accelerating tech-augmented ways of working, with AI upskilling programs already supporting broad adoption across the workforce. Together, these programs will help Bureau Veritas connect, develop and deploy expertise more effectively, increasing the impact of its people for customers and supporting long-term growth and performance.

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AI AT BUREAU VERITAS

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Bureau Veritas benefits from AI as both a growth catalyst and a transformation lever.

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Its value proposition is evolving through new ways of working, with AI-enabled operating systems connecting proprietary data and technical expertise to improve productivity, service quality, and customer experience.

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AI is a major accelerator of Bureau Veritas’ strategy, expanding growth opportunities in mission-critical assets and enabling new AI-related services. It opens new service opportunities in areas such as AI assurance, cyber, data integrity, and automated monitoring. This strengthens Bureau Veritas’ role as an independent trusted third party, helping clients address new risks around data, cyber, and responsible deployment.

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Together, these opportunities support the ambition to generate EUR1 billion in AI-driven markets and services by 2030. This is to compare to c. EUR370 million baseline at the end of 2026 (including the full acquisition of LotusWorks).

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Deep technical expertise and decades of accumulated proprietary data give Bureau Veritas a distinctive competitive foundation for AI. Governed by a single Company-wide framework, AI is already being deployed at scale, driving measurable productivity improvements and transforming service delivery in Certification and Inspection. Over time, this means a fundamentally higher-value proposition: data-driven, continuously integrated, and performance-centric services that go beyond the traditional inspection and certification model.

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2028 FINANCIAL AMBITION – CONFIRMED

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Bureau Veritas is building on three years of consistent execution to amplify its delivery in 2027-2028:

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LEAP | 28 AMBITION (2024-2028)

CONFIRMED

STRONGER M&A COMPONENT

(2027–2028)

Mid to high-single digit

organic revenue growth

High-single digit

total revenue CAGR4

Confirmed

Upgraded to double-digit

Consistent

margin improvement4

Confirmed

Above 90%5

cash conversion

1x–2x

leverage

Strong

1.5x–2x

Double digit

shareholder returns, based on EPS

CAGR4 + dividend yield

Confirmed

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A disciplined approach to capital allocation, driving superior returns

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Bureau Veritas will maintain a disciplined capital allocation policy, supporting accelerated M&A and active portfolio management while preserving financial flexibility. Capex and dividend policies remain unchanged, and the leverage range is tightened from 1.0x–2.0x to 1.5x–2.0x net debt/EBITDA by 2028.

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ASSUMPTIONS

Capex

c.2.5%-3.0% of Company revenue

M&A

Focus on bolt on and mid-sized strategic deals

Dividend

65% payout ratio of adjusted net income

Leverage

1.5x-2.0x net debt/EBITDA

ROIC6

Above 20.0%

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This disciplined capital allocation framework is expected to sustain attractive returns through the cycle. Bureau Veritas targets ROIC6 above 20% by 2028, supported by adjusted operating margin ramp-up, portfolio high-grading and continued financial discipline.

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CAPITAL MARKETS DAY 2026 MATERIALS

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Date: Tuesday September 22, 2026
› The presentation slides and all supporting materials will be available from 9:00 a.m. CET at: https://group.bureauveritas.com/capital-markets-day-2026
› A replay of the Capital Markets Day will be available on the same webpage following the event.

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2026 & 2027 FINANCIAL CALENDAR

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› Capital Markets Day: September 22, 2026
› Q3 2026 Revenue: October 21, 2026 (before market)
› FY 2026 Results: February 25, 2027 (before market)
› Q1 2027 Revenue: April 22, 2027 (before market)
› H1 2027 Results: July 27, 2027 (before market)
› Q3 2027 Revenue: October 21, 2027 (before market)

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ABOUT BUREAU VERITAS

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Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for customers’ excellence and sustainability, the Company innovates to help them navigate change.

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Created in 1828, Bureau Veritas’ 82,000 employees deliver services in 140 countries. The Company’s technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability.

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Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40 ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI.

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For more information, visit www.bureauveritas.com, and follow us on LinkedIn.

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Our information is certified with blockchain technology.
Check that this press release is genuine at www.wiztrust.com.

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This press release (including the appendices) contains forward-looking statements, which are based on current plans and forecasts of Bureau Veritas’ management. Such forward-looking statements are by their nature subject to a number of important risk and uncertainty factors such as those described in the Universal Registration Document (“Document d’enregistrement universel”) filed by Bureau Veritas with the French Financial Markets Authority (“AMF”) that could cause actual results to differ from the plans, objectives and expectations expressed in such forward-looking statements. These forward-looking statements speak only as of the date on which they are made, and Bureau Veritas undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, according to applicable regulations.

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____________________

1 At constant currency

2 Based on published FY2024, FY2025 financial statements and the guidance 2026

3 Based on 2026 consensus estimates

4 At constant currency

5 (Net cash generated from operating activities – lease payments + income tax) / adjusted operating profit

6 After-tax Adjusted Operating Profit / (Equity excluding assets & liabilities held for sale + Net Debt excluding lease)

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ANALYST/INVESTOR CONTACTS

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Laurent Brunelle

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MEDIA CONTACTS

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