Bureau Veritas Enters the CAC 40 Paris Stock Index
December 17 2024 - 12:15PM
Business Wire
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 press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241217770216/en/
Hinda Gharbi, CEO Bureau Veritas (Photo:
Business Wire)
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.
Our information is certified with blockchain technology. Check
that this press release is genuine at www.wiztrust.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241217770216/en/
ANALYST/INVESTOR
Laurent Brunelle +33 (0)1 55 24 76 09
laurent.brunelle@bureauveritas.com
Colin Verbrugghe +33 (0)1 55 24 77 80
colin.verbrugghe@bureauveritas.com
Karine Ansart karine.ansart@bureauveritas.com
MEDIA
Anette Rey +33 (0)6 69 79 84 88
anette.rey@bureauveritas.com
Martin Bovo +33 (0) 6 14 46 79 94
martin.bovo@bureauveritas.com
Bureau Veritas (EU:BVI)
Historical Stock Chart
From Nov 2024 to Dec 2024
Bureau Veritas (EU:BVI)
Historical Stock Chart
From Dec 2023 to Dec 2024