Bureau Veritas posts H1 2026 results

IIOA member Bureau Veritas posts its H1 2026 results, with a headline revenue of 3,258.4m EUR, an increase of 2.1% year-on-year +5.0% organically, 4.8% at constant currency.

Bureau Veritas notes that, ‘This growth was driven by solid underlying trends across the Buildings & Infrastructure, Marine & Offshore and Consumer Products Services businesses and in most geographies.’

By region performance was:

• • Americas (25% of revenue): organic growth of 3.4%
  • Europe (37% of revenue): 4.6% organic growth
  • Asia-Pacific (28% of revenue): organic growth of 7.6%, including double-digit growth in China, Korea and India
  • Middle East & Africa (10% of revenue): organic growth of 3.5%, ‘while navigating the ongoing conflict in the Middle East’.

In terms of scope, Bureau Veritas comments,

• ‘Negative scope effect: the scope effect had a negative 0.2% contribution to total growth in the first half of the year. This reflected bolt-on acquisitions completed in the past few quarters that contributed to a 1.4% positive impact. It was fully offset by divestments completed over the last twelve months, including the Food Testing business and the construction activities in China, representing a total 1.6% negative impact.
• Negative currency impact: currency fluctuations had a negative impact of 2.7% in the first half of the year,. This was due to the strength of the euro against most currencies.’

Within the overall results, Certification saw organic revenue increase 1.9% (+0.7% actual) with currency -1.8% and scope +o.6%. For Certification Bureau Veritas reported:

‘QHSE & Specialized Schemes solutions (53% of divisional revenue) delivered a low single-digit organic revenue performance during the first half of 2026, given softer market conditions in mature economies. Activity continued to be driven by the increasing adoption of certification schemes in emerging markets, particularly in Latin America, the Middle East and Africa, where Bureau Veritas continued to gain market share. Demand remained solid across quality, health, safety and environmental management systems, while transportation and mobility schemes benefited from customers preparing for upcoming certification cycle renewals.

Sustainability-related solutions & Digital (Cyber) certification activities (35% of divisional revenue) delivered high single-digit organic growth in the first half of 2026. Environmental & Carbon Services remained the main growth driver, supported by increasing demand for decarbonization, carbon footprint assessments and climate-related compliance services across all regions. Social and responsible sourcing solutions also continued to benefit from growing customer focus on supply chain transparency and ESG performance. Cybersecurity activities continued to benefit from growing demand from the industrial sector. Commercial activity remained strong, supported by increasing customer focus on cyber resilience, operational continuity and the protection of mission-critical assets.

Other solutions, including Training (12% of divisional revenue) delivered a stable performance in the first half of 2026. Solid momentum in training activities helped offset softer demand across other service lines.’

Overall, as a result of the HI 2026 performance, Bureau Veritas has upgraded its 2026 full year guidance to reflect this to, ‘Mid-to-high single-digit organic revenue growth, versus mid-single-digit growth previously’.

The full Bureau Veritas H1 2026 press release can be seen here.