Bureau Veritas, a leading provider of inspection, certification, and laboratory testing services, has reported revenue of €1.55 billion in the first quarter of 2026, a 4.5% organic revenue increase.
The group reported organic growth of 11.2% in its Marine and Offshore business, while Buildings and Infrastructure increased by 7.3%, Consumer Products Services grew by 4.3%, Certification was up 2.3%, Agri-Food and Commodities rose by 2.1%, and Industry increased 0.7%.
The group said that it maintained a ‘steady performance’ across most regions, despite industry disruptions linked to the conflict in the Middle East. It also announced ‘continued progress’ in the rollout of its LEAP | 28 strategy, which is seeing Bureau Veritas pivot its portfolio towards higher‑growth and higher‑margin activities.
2026 forecast
Looking ahead to the coming year, it noted that ‘complex geopolitics and an uncertain macro environment’ are likely to shape 2026 performance, alongside an exit from its Government Services subsegment, following the termination of certain contracts in the Middle East and Africa region.
It expects to report mid-single-digit organic revenue growth for 2026, alongside an improvement in adjusted operating margin at constant exchange rates, and strong cash flow generation.
‘Fluid situation’
“Bureau Veritas recorded organic growth of 4.5% in the first quarter of 2026 in an evolving macro environment and while navigating a fluid situation in the Middle East,” commented Hinda Gharbi, chief executive. “I thank our teams in the Middle East for their resilience and commitment, and all our employees around the world for their outstanding work.
“We are committed to our mission of trust as we serve our customers and we are working in partnership with various stakeholders in a spirit of transparency and accountability.”
On a regional level, the Americas accounted for 24% of Bureau Veritas revenue last year, reporting growth of 1.7% on an organic basis. Europe represented 38% of revenue and recorded organic growth of 3.4%. Asia-Pacific, contributing 27% of revenue, showed organic growth of 7.9%. Lastly, Africa and the Middle East accounted for 11% of revenue and grew by 5.5%, despite disruption linked to regional conditions.
A €200 million share buyback programme was announced at the end of February 2026, in line with the group’s ‘commitment to continue to improve shareholder returns’, it said.
“The group is fully committed to delivering on the financial ambitions of the LEAP | 28 plan, benefitting from favourable market trends and the sustained execution of the strategy’s programs,” Gharbi added. Read more here.
