Bureau Veritas (BVI) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened by the Chairman, with introductions of key board and executive members, and a review of formalities and documentation available to shareholders.

• The agenda included approval of financial statements, allocation of results, dividend distribution, board renewals, remuneration policies, and capital operations.

Financial performance review

• Record 2024 results: revenue €6.24bn (+6.4%), adjusted operating profit €996.2m (+7.1%), net profit €620.7m (+8.0%).

• Adjusted operating margin rose to 16.0%, with free cash flow at €843.3m (+27.9%).

• All business lines and regions contributed to double-digit organic growth, notably in Industry (+19.9%) and Certification (+15.0%).

• Dividend per share proposed at €0.90 (+8.4%), payout ratio 65%.

• Q1 2025 showed continued strong growth: revenue €1.56bn (+8.3%), organic growth +7.3%.

Board and executive committee updates

• Mandates of four directors renewed; one new independent director appointed.

• Board comprised 12 members (67% independent, 42% women), with high attendance and diverse expertise.

• Committees (Audit, Nominations, Strategy, CSR) reported high participation and independence.