Revenue distribution by sectors:

• Building & Infrastructure: 29%
• Food & Consumer Goods: 22%
• Marine & Offshore: 14%
• Industry: 13%
• Certification: 12%
• Raw materials: 10%

TOP 3 markets and their percentage shares:

• Europe: 35%
• Asia-Pacific: 30%
• North America: 20%

Bureau Veritas SA generates its revenues from various sectors, with the Building & Infrastructure sector accounting for the largest share. This reflects the strong demand for inspection and certification services in the construction industry.

Europe remains the largest market for Bureau Veritas, followed by the Asia-Pacific region, which is gaining importance due to growth in emerging countries and expansion into new markets. North America is also an important market, especially due to the demand for certification and testing services.

Production Sites: Distributed worldwide

Bureau Veritas SA is a globally operating company that offers services in the areas of inspection, testing, and certification. The company does not produce physical products in the traditional sense, but provides services that are delivered in various industries worldwide.

Bureau Veritas' services are offered in numerous countries through a network of offices and laboratories. These sites are strategically positioned in different regions to ensure proximity to customers and respective markets.

The main regions where Bureau Veritas operates include Europe, Asia-Pacific, North and South America, as well as the Middle East and Africa.

Revenue Growth: 5.8% (2024) Profit Growth: 6.2% (2024)

Bureau Veritas SA pursues a growth strategy focusing on diversifying its services and geographical expansion. The company has increased its investments in digital solutions in recent years to make its services more efficient and customer-oriented.

Another key focus is on sustainability. Bureau Veritas continuously develops new services to help companies achieve their environmental, social, and governance (ESG) goals. This includes certifications and consulting services in the field of sustainable development.

Furthermore, Bureau Veritas plans to expand through strategic acquisitions in emerging markets and sectors to strengthen its market presence and unlock new growth opportunities.

Main Imported Raw Materials/Items: Various testing and inspection materials

Countries of Origin: Global, with a focus on Asia, Europe, and North America

Bureau Veritas SA is a leading company in the field of testing, inspection, and certification. The company itself does not import specific raw materials for production as it does not manufacture physical products. Instead, it sources materials and equipment necessary for its services, such as laboratory equipment and testing devices.

These materials are sourced globally, with Asia, Europe, and North America serving as the main suppliers. The exact origin may vary depending on specific requirements and projects. Bureau Veritas collaborates with a variety of suppliers to procure the necessary materials and technologies required for conducting tests and inspections.

Market share: 5% (estimated, 2025)
EBIT margin: 15% (2024)
Return on Equity (ROE): 20% (2024)

Bureau Veritas SA is one of the leading companies in the Testing, Inspection, and Certification (TIC) sector. The company's competitive advantage lies in its strong global presence and wide range of services, allowing it to operate in various industries.

The company benefits from long-standing customer relationships and a high level of trust in its services, which enhances customer loyalty. The 15% EBIT margin indicates that Bureau Veritas operates efficiently and is able to control its costs well.

Another advantage is the continuous investment in digital solutions that enhance efficiency and open up new business opportunities. Despite intense competition in the TIC industry, particularly from companies like SGS and Intertek, Bureau Veritas remains well positioned due to its innovation and market adaptability.

Institutional Investor Share: 75% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last quarter (2025)

The institutional investor share in Bureau Veritas SA is approximately 75%, indicating a high level of trust from institutional investors in the company. These investors include large funds, insurance companies, and pension funds that invest in the company for the long term.

There were no significant insider transactions in the last quarter of 2025, suggesting that the management and other insiders have not made any significant changes to their stake in the company. This could be a sign of stability and confidence in the current corporate strategy.

Market share of Bureau Veritas SA: Estimated at around 10% (2025)

Top competitors and their market shares:

1. SGS SA: around 18%
2. Intertek Group plc: around 15%
3. Bureau Veritas SA: around 10%
4. TÜV SÜD AG: around 8%
5. DEKRA SE: around 7%
6. Eurofins Scientific: around 6%
7. UL LLC: around 5%
8. DNV GL: around 4%
9. TÜV Rheinland AG: around 3%
10. Applus+: around 2%

Economic moat of Bureau Veritas SA:

Bureau Veritas has a moderate economic moat, mainly characterized by its strong brand recognition, wide range of services, and global presence. The company has established itself as a trusted partner in various industries, leading to long-term customer relationships.

Compared to competitors like SGS and Intertek, which also have strong brands and extensive global networks, Bureau Veritas' economic moat is similar but not necessarily superior. For example, SGS has a slightly stronger economic moat due to its size and market leadership, while Intertek excels through specialized services and innovations.

Overall, Bureau Veritas has a significant advantage through its diversification and ability to adapt to various market requirements. However, they must continuously invest in technology and innovation to maintain and enhance their competitive edge.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Market Share in Inspection and Certification Sector: 15% (2024)

Bureau Veritas SA recorded solid revenue growth of 8.5% in 2024, driven by strong demand for inspection and certification services. The company has strengthened its market position through strategic acquisitions and expanding its services in emerging markets.

The 10.2% profit growth indicates that Bureau Veritas is operating efficiently and managing its costs well. The focus on digital transformation and sustainability solutions has also contributed to improving operational efficiency.

Overall, Bureau Veritas SA shows positive development with a stable market share of 15% in the inspection and certification sector. These factors suggest that the stock could be an attractive long-term investment opportunity, especially for investors interested in the stability and growth potential in the inspection and certification services sector.

Dividend Yield: 2.5% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

Bureau Veritas SA has consistently distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 2.5% for the year 2025 reflects a stable payout that is in line with historical values.

The company has a solid financial foundation and a strong market position, supporting its ability to continue paying dividends. Analysts view Bureau Veritas' dividend policy as sustainable, provided that no significant negative market changes occur.