)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
Bureau Veritas (BVI) investor relations material
Bureau Veritas H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary25 Jul, 2025
Executive summary
Organic revenue grew 6.7% year-over-year in H1 2025, with strong margin improvement and broad-based growth across most activities and regions, driven by the LEAP | 28 strategy execution.
Adjusted operating profit rose 8.8% to €491.5 million, with margin up 44 bps to 15.4%.
Attributable net profit increased 37.6% to €322.3 million, and adjusted EPS grew 2.4% to €0.65.
Six acquisitions and the divestment of the Food Testing business aligned with the LEAP | 28 strategy, focusing on leadership expansion and portfolio optimization.
Executive Committee reorganization to accelerate strategy execution and regional growth.
Financial highlights
Revenue reached €3,192.5 million, up 5.7% year-over-year; organic growth was 6.7%.
Adjusted operating profit was €491.5 million (+8.8%), and operating profit was €513.1 million (+32.1%).
Attributable net profit was €322.3 million, up 37.6%; adjusted net profit was €292.4 million, up 1.4%.
Free cash flow was €168.0 million, down 11.5% year-over-year, reflecting one-off impacts from divestments.
Net financial leverage at 1.11x, stable versus December 2024.
Outlook and guidance
2025 outlook confirmed: mid- to high single-digit organic revenue growth, improved adjusted operating margin at constant exchange rates, and strong cash conversion above 90%.
LEAP | 28 strategy targets high single-digit total revenue CAGR, consistent margin improvement, and double-digit returns through 2028.
Positive momentum expected, supported by stabilizing inflation and investment trends.
No change to LEAP 28 targets or timeframe; reorganization expected to deliver incremental margin as early as next year.
Strong backlog and market fundamentals support full-year guidance.
How will the Executive Committee changes impact cross-selling?
Explain the negative scope impact on adjusted margin.
What drove double-digit growth in Marine & Offshore?
Detail LEAP 28's organizational changes.
Assess Marine & Offshore's margin decline.
Discuss ATS deal and larger transaction criteria.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Bureau Veritas earnings date
Q3 2025 TU23 Oct, 2025
Next Bureau Veritas earnings date
Q3 2025 TU23 Oct, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
The Bureau of Truth
Bureau Veritas is a French company with multinational operations that specializes in testing, inspection, and certification services. The company focuses on several sectors, including marine, industry, infrastructure, and commodities. Bureau Veritas provides services aimed at ensuring compliance with standards related to quality, health and safety, environmental protection, and similar areas. It is headquartered just outside Paris, France, and its shares are traded on the XPAR.
Antwerp to Paris
Bureau Veritas, founded in Antwerp in 1828 (but moved to Paris a few years later), began as a maritime classification society. Its initial purpose was to provide insurance companies with information necessary to assess the condition of ships and their equipment. Over the years, Bureau Veritas evolved beyond the shipping industry, adapting to changing market needs. The company expanded its expertise into industry, construction, and certification services. This growth was marked by strategic acquisitions and geographic expansion, enabling Bureau Veritas to offer a wide range of testing, inspection, and certification services across various sectors. Today, it operates as a global leader in conformity assessment and certification services, together with companies such as Intertek, Eurofins Scientific, and SGS.
The Services
As previously mentioned, Bureau Veritas provides services such as quality assurance, health and safety management, environmental impact assessments, and sustainability audits. In the maritime sector, Bureau Veritas continues its traditional role in ship classification and safety certification. In construction and infrastructure, the company ensures building and facility compliance with regulatory standards. Additionally, Bureau Veritas is involved in various industries including energy, automotive, and aerospace, offering tailored services to meet the specific needs of each sector.
Acquisitions and Partnerships
Growth through acquisitions has been a red thread throughout the company’s history and is something that it continues to do to this day. Bureau Veritas has acquired a number of different companies in the industry throughout the 2000s, most notably a number of Chinese companies. This has been done in order to expand the company’s geographical footprint, and Bureau Veritas is today active in more or less every corner of the world. Partnerships with various other companies, including Microsoft, are also employed in order to help grow the business.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage