Bureau Veritas SA (BVVBY) Q1 2026 Sales/Trading Call Transcript
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SA Transcripts159.39K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Bureau Veritas SA (BVVBY) Q1 2026 Sales/Trading Call April 22, 2026 9:00 AM EDT Company Participants Hinda Gharbi - Chief Executive OfficerFrançois Chabas - Executive VP & CFO Conference Call Participants Annelies Vermeulen - Morgan Stanley, Research DivisionWilliam Kirkness - Bernstein Institutional Services LLC, Research DivisionJames Clark - Barclays Bank PLC, Research DivisionGeoffroy Michalet - ODDO BHF Corporate & Markets, Research DivisionVirginia Montorsi - BofA Securities, Research DivisionVictoria Chang - JPMorgan Chase & Co, Research DivisionFrançois Digard - Kepler Cheuvreux, Research DivisionRory Mckenzie - UBS Investment Bank, Research Division Presentation Operator Welcome to the Bureau Veritas Q1 2026 Revenue Presentation. [Operator Instructions]. Now I will hand the conference over to the speakers, Hinda Gharbi, Chief Executive Officer; and Francois Chabas, Chief Financial Officer. Please go ahead. Hinda GharbiChief Executive Officer Thank you. Good morning, good afternoon, and good evening to everyone. Welcome to Bureau Veritas' First Quarter 2026 Revenue Presentation, and thank you for attending this call. I'm joined by Francois Chabas, our Chief Financial Officer. This quarter, Bureau Veritas delivered a steady performance in a changing macroeconomic environment, reflecting continued momentum in the execution of our LEAP 28 strategy. I would like to thank our teams worldwide for their commitment and contribution. I would like now to go through our Q1 revenue performance. Revenue reached EUR 1.5 billion. Organic revenue growth stood at 4.5%. While this quarter is slightly below historical organic growth averages, I'm pleased to see that a number of our businesses are delivering on or above expectations, offsetting the impact of project delays and the Middle East disruptions on others. External growth contributed 1.8% from recent bolt-on acquisitions, largely offset by last year disposals. We expect the recent midsized acquisition LotusWorks to take effect in half 2026. As expected, the appreciation of the euro against most currencies led