Bureau Veritas Q1 2025 results

IIOA member Bureau Veritas has released its 2025 Q1 report, with ‘robust’ revenue increase of 8.3% to 1,558.7m EUR, a 7.3% organic growth. Currency had an overall 0.4% negative impact.

Within the results, Certification grew 14.2% (10.9% organic, with a negative 0.4% currency impact) to 134.1m EUR. The Certification results were attributed to, ‘increasing volumes and robust price escalations across most geographies. Double-digit organic revenue growth was achieved in Europe, the Middle East and Africa, and high-single-digit organic growth rate elsewhere. This performance reflects high market growth rates, and sustained demand for comprehensive brand protection, risk management solutions and supply chain resilience from customers.’

By geography, Bureau Veritas reports:

• ‘the Americas (26% of revenue, up 6.4% organically) delivered good growth led by a high-single-digit organic increase in the United States’
• Europe’s growth (35% of revenue, up 3.0% organically) was primarily driven by Southern Europe in Buildings & Infrastructure, and by strong activity in Certification across the region
• Business in Asia-Pacific (28% of revenue, up 7.5% organically) benefited from strong growth in South and Southeast Asia, and from mid-single-digit growth in China and Australia
• the activity was very strong in Africa and the Middle East (11% of revenue, up 24.9% organically), primarily supported by energy projects, and by Buildings & Infrastructure activities in the Middle East.’

As regards the Outlook for the rest of 2025, Bureau Veritas keep their previously stated position of, ‘Mid-to-high single-digit organic revenue grow’, noting, ‘While customers are navigating an uncertain period, the Group has a robust opportunities pipeline, a solid backlog, and mid-to-long-term strong market fundamentals.’

The full Bureau Veritas Q1 press release can be read here.