Bureau Veritas posts 2026 Q1 results

IIOA member Bureau Veritas has posted its 2026 Q1 results, with revenue up 4.5% organically to 1,547m EUR, but down 0.8% year-on-year, impacted by a -5.2% currency impact.

The results mean that Bureau Veritas has altered its outlook for the full 2026 year, as, ‘Complex geopolitics and an uncertain macro environment are shaping 2026 in addition to the launch of an in-depth review of the terms of an exit from the Group’s “Government Services” subsegment, following the decision to terminate certain contracts in the Middle East & Africa region.’ Bureau Veritas is now offering guidance for, ‘Mid-single-digit organic revenue growth (vs. mid-to-high single-digit organic revenue growth previously)’.

By region the Q1 performance was:

• ‘Americas (24% of revenue, up 1.7% organically) was led by a 6.8% organic increase in North and Central America, particularly in the United States.
• Europe (38% of revenue) achieved 3.4% organic growth
• Asia‑Pacific (27% of revenue) recorded strong organic growth of 7.9%
• Africa and the Middle East (11% of revenue) delivered a resilient 5.5% organic growth’.

Within these results, certification grew organically by 2.3%, an actual 0.1% decline, impacted by -3.1% currency, with revenue at 133.9m EUR.

Bureau Veritas notes the certification performance was delivered, ‘against challenging comparables, with an improvement towards the end of the quarter. Performance was temporarily affected by timing effects in certain QHSE schemes, as well as by specific contract terminations or scope reductions. These effects were partly offset by strong momentum in sustainability‑driven certification and transition services, confirming the steady dynamics of the business.’

The full Q1 2026 Bureau Veritas press release is available here.