Targets a step change in growth and shareholder returns

PRESS RELEASE

Neuilly-sur-Seine, France – March 20, 2024

"Today, Bureau Veritas hosts its Capital Markets Day during which the Group will present its 2028 strategy and financial ambitions:

• New customer-centric vision, to be the preferred partner for customers’ excellence and sustainability
• New strategy LEAP I 28 to deliver a step change in growth and performance, built around three pillars: Portfolio, Performance and People, with sustainability at its core:
  • Active Portfolio management strategy designed to enhance leadership positions through organic growth, accelerated M&A and portfolio high-grading
  • Performance programs identifying meaningful efficiency and productivity benefits from operational leverage, functional scalability and innovation
  • An evolved People model, leveraging the Group’s deep-rooted knowledge and expertise to train and develop strategic competencies needed for future growth
  • Staying true to its purpose of “Shaping a world of trust by ensuring responsible progress”, Bureau Veritas will be fully engaged to deliver on its CSR commitments
• Ambition 2028: high single-digit total revenue growth (with mid-to-high single-digit organic), consistent adjusted operating margin improvement, double-digit shareholder returns based on EPS CAGR and dividend yield, and strong cash conversion (above 90%)
• [...]"

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