BureauVeritas:RobustandConsistentRevenuePerformanceDeliveredinQ32025;FY2025OutlookReaffirmed
===2025-10-24 9:57:29===
YIELD
Double-digit returns
CASH
Strong cash conversion8: above 90%
Over the period 2024-2028, the use of Free Cash Flow generated from the Company’s operations will be balanced between Capital Expenditure (Capex), Mergers & Acquisitions (M&A), and shareholder returns (dividends):
ASSUMPTIONS
CAPEX
Around 2.5%-3.0% of Company revenue
M&A
M&A acceleration
DIVIDEND
Pay-out of 65% of Adjusted Net Profit
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