Bureau Veritas : CMD: positive 2028 guidance (organic growth and M&A), with some nice surprises (buybacks and margins)
>Two nice surprises from this CMD: share buybacks in 2024 (€ 200m) and margin improvement - Bureau Veritas this morning issued 2028 guidance at its CMD. The two nice surprises from this CMD are:Share buybacks of € 200m in 2024: the group announced that it is repurchasing € 200m in shares in 2024. The impact on leverage will thus be lower than 0.2x, while at end-2023 the group had reported leverage of 0.9x. This is clearly a nice surprise as the group seemed somew...Bureau Veritas specializes in inspecting, testing, auditing or certifying products, assets (such as buildings, industrial infrastructure, equipment and ships) and management systems (particularly against ISO standards) based on regulatory or voluntarily adopted standards. Co.'s operations can be divided into eight businesses: ship classification; industry services; inspection and verification of equipment in service; construction services; certification of management systems or services; inspection and testing of consumer products; services related to customs control and international trade services; and inspection and testing of commodities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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