Bureau Veritas: adjusted EPS up 9% in 2024
(CercleFinance.com) - Bureau Veritas reports adjusted EPS up 8.
7% (+17% at constant exchange rates) to E1.38 for 2024, with an adjusted operating margin of 16%, up 11bp (+38bp at constant exchange rates).
At E6.24bn, sales for the test, inspection and certification services group were up 6.4% (+10.2% organic), benefiting from robust underlying market trends across all businesses and geographical areas.
At the AGM on 19 June, the Board of Directors will propose a dividend of E0.90 per share for 2024, up 8.4% and corresponding to a payout ratio of 65% of adjusted net income. The dividend will be paid in cash on 3 July.
Bureau Veritas forecasts moderate to high single-digit organic sales growth in 2025, an improved adjusted operating margin at constant exchange rates, and cash flow at a high level, with a cash conversion rate of over 90%.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
7% (+17% at constant exchange rates) to E1.38 for 2024, with an adjusted operating margin of 16%, up 11bp (+38bp at constant exchange rates).
At E6.24bn, sales for the test, inspection and certification services group were up 6.4% (+10.2% organic), benefiting from robust underlying market trends across all businesses and geographical areas.
At the AGM on 19 June, the Board of Directors will propose a dividend of E0.90 per share for 2024, up 8.4% and corresponding to a payout ratio of 65% of adjusted net income. The dividend will be paid in cash on 3 July.
Bureau Veritas forecasts moderate to high single-digit organic sales growth in 2025, an improved adjusted operating margin at constant exchange rates, and cash flow at a high level, with a cash conversion rate of over 90%.
Copyright (c) 2025 CercleFinance.com. All rights reserved.