Bureau Veritas enters the CAC 40 Paris stock index
December 17 2024 - 12:15PM
UK Regulatory
Bureau Veritas enters the CAC 40 Paris stock index
PRESS RELEASE
Neuilly-sur-Seine, France – December 17, 2024
Bureau Veritas enters the CAC 40 Paris
stock index
Bureau Veritas, a global leader in inspection,
certification, and laboratory testing solutions, is pleased to
announce its inclusion in the CAC 40, the benchmark index of the
Paris stock exchange. This decision was made by the Euronext Expert
Indices Committee on December 17th, 2024, following the
quarterly review of the CAC 40 index, and will be effective from
December 20th, 2024, after market close.
This milestone comes after Bureau Veritas
announced LEAP | 28 in March 2024, a strategy targeting a step
change in growth and double-digit shareholder returns. This
inclusion is a recognition of the Group’s consistent operational
delivery and performance. Bureau Veritas is proud to leverage the
expertise of a nearly two-century-old company within a constantly
evolving industry, driven by the strong market trends of energy
transition, decarbonisation, sustainability and innovation. The
Group has a presence in 140 countries, operating 1,610 offices and
laboratories and relies on a portfolio of 3,500 agreements and
accreditations.
On December 16th, 2024, the Bureau
Veritas market capitalization stood at €13.6 billion, with BVI
shares trading at €30.02, representing a 31% increase since the
beginning of the year. The portion of its capital held by the
public (free float) represents 74%, largely in the hands of
institutional investors around the world.
As it enters the CAC 40, Bureau Veritas further
enhances the sectoral diversity of the Parisian index, expanding
the Business Services industry, and the Test, Inspection and
Certification (TIC) sector exposure.
Bureau Veritas is already a member of the CAC 40
ESG index, reflecting the Group's continuous efforts to be a role
model in the economy thanks to its 83,000 employees across the
organization.
Hinda Gharbi, Chief Executive Officer,
commented:
"Bureau Veritas is honored and proud to be
joining the CAC 40, a significant milestone in the Group’s nearly
bi-centennial history. We are very grateful to our shareholders,
including our longstanding partner Wendel, who have consistently
supported Bureau Veritas throughout its development
journey.
This recognition is the culmination of a
remarkable year for Bureau Veritas, marked by the launch of our new
strategy LEAP | 28 aimed at generating a step change in performance
and shareholder returns. Bureau Veritas operates in a growing
market driven by very strong secular trends of energy transition,
sustainability and increased investments in infrastructure. The
Group positions itself as a leader in these high-growth areas and
is poised to continue thriving in the years to come. Recently, it
completed 10 acquisitions in 2024 as actively refocuses and shapes
its portfolio.
I take this opportunity to thank all of my
83,000 colleagues worldwide for their dedication and hard work, as
well as our clients, suppliers and partners around the world for
their trust and continued support."
About Bureau Veritas
Bureau Veritas is a world leader in inspection, certification, and
laboratory testing services with a powerful purpose: to shape a
world of trust by ensuring responsible progress. With a vision to
be the preferred partner for customers’ excellence and
sustainability, the company innovates to help them navigate
change.
Created in 1828, Bureau Veritas’ 83,000 employees deliver services
in 140 countries. The company’s technical experts support customers
to address challenges in quality, health and safety, environmental
protection, and sustainability.
Bureau Veritas is listed on Euronext Paris and belongs to the CAC
40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT
1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol:
BVI.
For more information, visit www.bureauveritas.com, and follow us on
LinkedIn and X/Twitter.
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ANALYST/INVESTOR CONTACTS |
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MEDIA CONTACTS |
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Laurent Brunelle |
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Anette Rey |
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+33 (0)1 55 24 76 09 |
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+33 (0)6 69 79 84 88 |
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laurent.brunelle@bureauveritas.com |
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anette.rey@bureauveritas.com |
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Colin Verbrugghe |
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Martin Bovo |
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+33 (0)1 55 24 77 80 |
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+33 (0) 6 14 46 79 94 |
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colin.verbrugghe@bureauveritas.com |
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martin.bovo@bureauveritas.com |
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Karine Ansart
karine.ansart@bureauveritas.com |
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- 17 12 2024_Press Release_Bureau Veritas enters the CAC 40 Paris
stock index
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