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Associated Press
7 hours ago
- Business
- Associated Press
Combined Shareholders' Meeting of June 19, 2025: All Submitted Resolutions Were Adopted
NEUILLY-SUR-SEINE, France--(BUSINESS WIRE)--Jun 20, 2025-- The Combined Shareholders' Meeting of Bureau Veritas (the 'Company'), chaired by Mr. Laurent Mignon, Chairman of the Board of directors, was held today at the Company's head office. This press release features multimedia. View the full release here: Hinda Gharbi, CEO Bureau Veritas All resolutions submitted to the Shareholders' Meeting were adopted at a large majority, including: The approval of the statutory and consolidated financial statements for the financial year ending on December 31, 2024, and the approval of a dividend distribution of €0.90 per share to be paid in cash on July 3, 2025 (ex-date on July 1, 2025) on positions closed on July 2, 2025; The approval of a related-party agreement concerning the Company's participation in Wendel's share placement (acquisition by the Company of its own shares); The approval of the report on Corporate Officers' compensation; The approval of fixed, variable and extraordinary components of the total compensation and benefits-in-kind paid or awarded for the 2024 financial year to Mr. Laurent Mignon, in his capacity as Chairman of the Board of Directors; The approval of fixed, variable and extraordinary components of total compensation and benefits-in-kind paid or awarded for the 2024 financial year to Mrs. Hinda Gharbi, in her capacity as Chief Executive Officer; The approval of the compensation policy for the Directors, the Chairman of the Board of Directors and the Chief Executive Officer for 2025; The authorization granted to the Board of Directors to trade in the Company's ordinary shares; The delegations and/or financial authorizations granted to the Board of Directors. The Shareholders' Meeting renewed the term of office as Director of Mr. Laurent Mignon, and the Board of Directors reappointed him as Chairman of the Board of Directors. The Shareholders' Meeting also renewed the terms of office as Directors of Ms. Julie Avrane, Ms. Ana Giros Calpe and Mr. Jérôme Michiels. Ms. Lucia Sinapi-Thomas is leaving the Board, as her term of office has expired. The Directors commended her contribution to the Board's discussions and decisions, as well as to the work of its Committees. To replace Ms. Sinapi-Thomas, the Shareholders' Meeting appointed Ms. Elodie Perthuisot as an independent director for a term of four years. Elodie Perthuisot is a member of the Carrefour Group's Executive Committee and currently heads Carrefour Spain, one of the group's main subsidiaries. Holding an engineering degree from the École Polytechnique, she began her career in the public sector - she notably headed the office of Frédéric Mitterrand, Minister of Culture and Communication - before joining the retail sector, leading the commercial management and multichannel transformation of Fnac and then Fnac Darty. She joined Carrefour in 2018 where she has successively led the marketing in France, e-commerce and, since 2021, the group's digital and technological transformation. Under her leadership, Carrefour has significantly accelerated its digital and data ambitions, becoming a company recognized for its progress in these areas. The Bureau Veritas Board of Directors will be able to rely on her diverse experience, and in particular on her expertise in digital transformation and operational management. In the activity reports, Mrs. Hinda Gharbi, Chief Executive Officer, and Mr. François Chabas, Chief Financial Officer, presented the 2024 highlights, the 2024 financial results, providing specific details on revenue, adjusted operating profit, net earnings per share, cash flow statement and the financial position. Mrs. Hinda Gharbi, Chief Executive Officer, then presented the review of the Group's activities for the 2024 financial year, and detailed the first quarter revenue as well as the 2025 outlook. She also provided an update on the LEAP I 2028 strategic plan. Mr. Laurent Mignon and Mr. Pascal Lebard, Lead Independent Director, respectively presented corporate governance and compensation components of the Directors, the Chairman of the Board of directors and the Chief Executive Officer in 2024, as well as the compensation policies. The broadcast of the Shareholders' Meeting, including the full presentation and the complete results of the vote of the resolutions, will be available on the Company's website ( ). 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' 84,000 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, CAC 40 ESG, 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 , and follow us on LinkedIn . Our information is certified with blockchain technology. Check that this press release is genuine at . View source version on CONTACT: ANALYST/INVESTOR CONTACTS Laurent Brunelle +33 (0)1 55 24 76 09 [email protected] Verbrugghe +33 (0)1 55 24 77 80 [email protected] Ansart [email protected]ès Lagoutte [email protected] CONTACTS Anette Rey +33 (0)6 69 79 84 88 [email protected] Bovo +33 (0) 6 14 46 79 94 [email protected] KEYWORD: FRANCE EUROPE INDUSTRY KEYWORD: CONSULTING BUSINESS PROFESSIONAL SERVICES OTHER TECHNOLOGY TECHNOLOGY SOURCE: Bureau Veritas Copyright Business Wire 2025. PUB: 06/20/2025 01:00 AM/DISC: 06/20/2025 12:58 AM
Yahoo
11 hours ago
- Business
- Yahoo
Combined Shareholders' Meeting of June 19, 2025: All Submitted Resolutions Were Adopted
NEUILLY-SUR-SEINE, France, June 20, 2025--(BUSINESS WIRE)--The Combined Shareholders' Meeting of Bureau Veritas (the "Company"), chaired by Mr. Laurent Mignon, Chairman of the Board of directors, was held today at the Company's head office. All resolutions submitted to the Shareholders' Meeting were adopted at a large majority, including: The approval of the statutory and consolidated financial statements for the financial year ending on December 31, 2024, and the approval of a dividend distribution of €0.90 per share to be paid in cash on July 3, 2025 (ex-date on July 1, 2025) on positions closed on July 2, 2025; The approval of a related-party agreement concerning the Company's participation in Wendel's share placement (acquisition by the Company of its own shares); The approval of the report on Corporate Officers' compensation; The approval of fixed, variable and extraordinary components of the total compensation and benefits-in-kind paid or awarded for the 2024 financial year to Mr. Laurent Mignon, in his capacity as Chairman of the Board of Directors; The approval of fixed, variable and extraordinary components of total compensation and benefits-in-kind paid or awarded for the 2024 financial year to Mrs. Hinda Gharbi, in her capacity as Chief Executive Officer; The approval of the compensation policy for the Directors, the Chairman of the Board of Directors and the Chief Executive Officer for 2025; The authorization granted to the Board of Directors to trade in the Company's ordinary shares; The delegations and/or financial authorizations granted to the Board of Directors. The Shareholders' Meeting renewed the term of office as Director of Mr. Laurent Mignon, and the Board of Directors reappointed him as Chairman of the Board of Directors. The Shareholders' Meeting also renewed the terms of office as Directors of Ms. Julie Avrane, Ms. Ana Giros Calpe and Mr. Jérôme Michiels. Ms. Lucia Sinapi-Thomas is leaving the Board, as her term of office has expired. The Directors commended her contribution to the Board's discussions and decisions, as well as to the work of its Committees. To replace Ms. Sinapi-Thomas, the Shareholders' Meeting appointed Ms. Elodie Perthuisot as an independent director for a term of four years. Elodie Perthuisot is a member of the Carrefour Group's Executive Committee and currently heads Carrefour Spain, one of the group's main subsidiaries. Holding an engineering degree from the École Polytechnique, she began her career in the public sector - she notably headed the office of Frédéric Mitterrand, Minister of Culture and Communication - before joining the retail sector, leading the commercial management and multichannel transformation of Fnac and then Fnac Darty. She joined Carrefour in 2018 where she has successively led the marketing in France, e-commerce and, since 2021, the group's digital and technological transformation. Under her leadership, Carrefour has significantly accelerated its digital and data ambitions, becoming a company recognized for its progress in these areas. The Bureau Veritas Board of Directors will be able to rely on her diverse experience, and in particular on her expertise in digital transformation and operational management. In the activity reports, Mrs. Hinda Gharbi, Chief Executive Officer, and Mr. François Chabas, Chief Financial Officer, presented the 2024 highlights, the 2024 financial results, providing specific details on revenue, adjusted operating profit, net earnings per share, cash flow statement and the financial position. Mrs. Hinda Gharbi, Chief Executive Officer, then presented the review of the Group's activities for the 2024 financial year, and detailed the first quarter revenue as well as the 2025 outlook. She also provided an update on the LEAP I 2028 strategic plan. Mr. Laurent Mignon and Mr. Pascal Lebard, Lead Independent Director, respectively presented corporate governance and compensation components of the Directors, the Chairman of the Board of directors and the Chief Executive Officer in 2024, as well as the compensation policies. The broadcast of the Shareholders' Meeting, including the full presentation and the complete results of the vote of the resolutions, will be available on the Company's website ( 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 in 1828, Bureau Veritas' 84,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40 ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: more information, visit and follow us on LinkedIn. Our information is certified with blockchain that this press release is genuine at View source version on Contacts ANALYST/INVESTOR CONTACTS Laurent Brunelle +33 (0)1 55 24 76 Colin Verbrugghe +33 (0)1 55 24 77 Karine Ansart Inès Lagoutte MEDIA CONTACTS Anette Rey +33 (0)6 69 79 84 Martin Bovo +33 (0) 6 14 46 79 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
11 hours ago
- Business
- National Post
Combined Shareholders' Meeting of June 19, 2025: All Submitted Resolutions Were Adopted
Article content NEUILLY-SUR-SEINE, France — The Combined Shareholders' Meeting of Bureau Veritas (the 'Company'), chaired by Mr. Laurent Mignon, Chairman of the Board of directors, was held today at the Company's head office. Article content All resolutions submitted to the Shareholders' Meeting were adopted at a large majority, including: Article content The approval of the statutory and consolidated financial statements for the financial year ending on December 31, 2024, and the approval of a dividend distribution of €0.90 per share to be paid in cash on July 3, 2025 (ex-date on July 1, 2025) on positions closed on July 2, 2025; The approval of a related-party agreement concerning the Company's participation in Wendel's share placement (acquisition by the Company of its own shares); The approval of the report on Corporate Officers' compensation; The approval of fixed, variable and extraordinary components of the total compensation and benefits-in-kind paid or awarded for the 2024 financial year to Mr. Laurent Mignon, in his capacity as Chairman of the Board of Directors; The approval of fixed, variable and extraordinary components of total compensation and benefits-in-kind paid or awarded for the 2024 financial year to Mrs. Hinda Gharbi, in her capacity as Chief Executive Officer; The approval of the compensation policy for the Directors, the Chairman of the Board of Directors and the Chief Executive Officer for 2025; The authorization granted to the Board of Directors to trade in the Company's ordinary shares; The delegations and/or financial authorizations granted to the Board of Directors. Article content The Shareholders' Meeting renewed the term of office as Director of Mr. Laurent Mignon, and the Board of Directors reappointed him as Chairman of the Board of Directors. The Shareholders' Meeting also renewed the terms of office as Directors of Ms. Julie Avrane, Ms. Ana Giros Calpe and Mr. Jérôme Michiels. Ms. Lucia Sinapi-Thomas is leaving the Board, as her term of office has expired. The Directors commended her contribution to the Board's discussions and decisions, as well as to the work of its Committees. Article content To replace Ms. Sinapi-Thomas, the Shareholders' Meeting appointed Ms. Elodie Perthuisot as an independent director for a term of four years. Article content Elodie Perthuisot is a member of the Carrefour Group's Executive Committee and currently heads Carrefour Spain, one of the group's main subsidiaries. Holding an engineering degree from the École Polytechnique, she began her career in the public sector – she notably headed the office of Frédéric Mitterrand, Minister of Culture and Communication – before joining the retail sector, leading the commercial management and multichannel transformation of Fnac and then Fnac Darty. She joined Carrefour in 2018 where she has successively led the marketing in France, e-commerce and, since 2021, the group's digital and technological transformation. Under her leadership, Carrefour has significantly accelerated its digital and data ambitions, becoming a company recognized for its progress in these areas. Article content The Bureau Veritas Board of Directors will be able to rely on her diverse experience, and in particular on her expertise in digital transformation and operational management. Article content In the activity reports, Mrs. Hinda Gharbi, Chief Executive Officer, and Mr. François Chabas, Chief Financial Officer, presented the 2024 highlights, the 2024 financial results, providing specific details on revenue, adjusted operating profit, net earnings per share, cash flow statement and the financial position. Article content Mrs. Hinda Gharbi, Chief Executive Officer, then presented the review of the Group's activities for the 2024 financial year, and detailed the first quarter revenue as well as the 2025 outlook. She also provided an update on the LEAP I 2028 strategic plan. Article content Mr. Laurent Mignon and Mr. Pascal Lebard, Lead Independent Director, respectively presented corporate governance and compensation components of the Directors, the Chairman of the Board of directors and the Chief Executive Officer in 2024, as well as the compensation policies. Article content The broadcast of the Shareholders' Meeting, including the full presentation and the complete results of the vote of the resolutions, will be available on the Company's website ( Article content ABOUT BUREAU VERITAS Article content 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' 84,000 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, CAC 40 ESG, 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 and follow us on LinkedIn. Article content Article content Article content Article content Contacts Article content ANALYST/INVESTOR CONTACTS Article content Article content Laurent Brunelle Article content Article content +33 (0)1 55 24 76 09 Article content Article content Article content Colin Verbrugghe Article content Article content +33 (0)1 55 24 77 80 Article content Article content Article content Karine Ansart Article content Article content Article content Inès Lagoutte Article content Article content Article content MEDIA CONTACTS Article content Article content Anette Rey Article content Article content +33 (0)6 69 79 84 88 Article content Article content Article content Article content Article content
Business Wire
11 hours ago
- Business
- Business Wire
Combined Shareholders' Meeting of June 19, 2025: All Submitted Resolutions Were Adopted
NEUILLY-SUR-SEINE, France--(BUSINESS WIRE)--The Combined Shareholders' Meeting of Bureau Veritas (the "Company"), chaired by Mr. Laurent Mignon, Chairman of the Board of directors, was held today at the Company's head office. All resolutions submitted to the Shareholders' Meeting were adopted at a large majority, including: The approval of the statutory and consolidated financial statements for the financial year ending on December 31, 2024, and the approval of a dividend distribution of €0.90 per share to be paid in cash on July 3, 2025 (ex-date on July 1, 2025) on positions closed on July 2, 2025; The approval of a related-party agreement concerning the Company's participation in Wendel's share placement (acquisition by the Company of its own shares); The approval of the report on Corporate Officers' compensation; The approval of fixed, variable and extraordinary components of the total compensation and benefits-in-kind paid or awarded for the 2024 financial year to Mr. Laurent Mignon, in his capacity as Chairman of the Board of Directors; The approval of fixed, variable and extraordinary components of total compensation and benefits-in-kind paid or awarded for the 2024 financial year to Mrs. Hinda Gharbi, in her capacity as Chief Executive Officer; The approval of the compensation policy for the Directors, the Chairman of the Board of Directors and the Chief Executive Officer for 2025; The authorization granted to the Board of Directors to trade in the Company's ordinary shares; The delegations and/or financial authorizations granted to the Board of Directors. The Shareholders' Meeting renewed the term of office as Director of Mr. Laurent Mignon, and the Board of Directors reappointed him as Chairman of the Board of Directors. The Shareholders' Meeting also renewed the terms of office as Directors of Ms. Julie Avrane, Ms. Ana Giros Calpe and Mr. Jérôme Michiels. Ms. Lucia Sinapi-Thomas is leaving the Board, as her term of office has expired. The Directors commended her contribution to the Board's discussions and decisions, as well as to the work of its Committees. To replace Ms. Sinapi-Thomas, the Shareholders' Meeting appointed Ms. Elodie Perthuisot as an independent director for a term of four years. Elodie Perthuisot is a member of the Carrefour Group's Executive Committee and currently heads Carrefour Spain, one of the group's main subsidiaries. Holding an engineering degree from the École Polytechnique, she began her career in the public sector - she notably headed the office of Frédéric Mitterrand, Minister of Culture and Communication - before joining the retail sector, leading the commercial management and multichannel transformation of Fnac and then Fnac Darty. She joined Carrefour in 2018 where she has successively led the marketing in France, e-commerce and, since 2021, the group's digital and technological transformation. Under her leadership, Carrefour has significantly accelerated its digital and data ambitions, becoming a company recognized for its progress in these areas. The Bureau Veritas Board of Directors will be able to rely on her diverse experience, and in particular on her expertise in digital transformation and operational management. In the activity reports, Mrs. Hinda Gharbi, Chief Executive Officer, and Mr. François Chabas, Chief Financial Officer, presented the 2024 highlights, the 2024 financial results, providing specific details on revenue, adjusted operating profit, net earnings per share, cash flow statement and the financial position. Mrs. Hinda Gharbi, Chief Executive Officer, then presented the review of the Group's activities for the 2024 financial year, and detailed the first quarter revenue as well as the 2025 outlook. She also provided an update on the LEAP I 2028 strategic plan. Mr. Laurent Mignon and Mr. Pascal Lebard, Lead Independent Director, respectively presented corporate governance and compensation components of the Directors, the Chairman of the Board of directors and the Chief Executive Officer in 2024, as well as the compensation policies. The broadcast of the Shareholders' Meeting, including the full presentation and the complete results of the vote of the resolutions, will be available on the Company's website ( 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' 84,000 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, CAC 40 ESG, 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 and follow us on LinkedIn. Our information is certified with blockchain technology. Check that this press release is genuine at
Yahoo
28-02-2025
- Business
- Yahoo
Wendel SE (FRA:WIS) (FY 2024) Earnings Call Highlights: Strong Growth in NAV and Dividend ...
Net Asset Value (NAV) per Share: EUR 185.7, representing a 16.9% year-over-year increase. Dividend Proposal: EUR 4.7 per share, up 17.5% from the previous year. Principal Investment Value Creation: EUR 21.1 per share, driven by Bureau Veritas' performance. Asset Management Contribution: EUR 6 per share, with a 24% growth in Assets under Management (AuM). Revenue: EUR 8.64 billion, a 13% increase from the previous year, with 8.4% organic growth. Net Income Group Share: EUR 294 million, double the amount from 2023. Cash Flow Conversion: Bureau Veritas reported cash conversion above 90%. EBITDA Margin: CPI maintained a high EBITDA margin at 49.3%. Stahl EBITDA Margin: 22.2%, with a proforma margin of 23.7% after strategic refocus. Debt and Liquidity: LTV ratio at 7.2%, with liquidity of EUR 1.2 billion. Share Buyback: EUR 92.5 million worth of shares repurchased, creating EUR 1.4 per share in value. Warning! GuruFocus has detected 5 Warning Signs with FRA:WIS. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Release Date: February 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Wendel SE (FRA:WIS) reported a 16.9% year-over-year increase in fully diluted net asset value per share, reaching EUR 185.7. The company proposed a EUR 4.7 per share dividend, up 17.5% from the previous year, reflecting strong financial performance. Bureau Veritas, a key asset, delivered a 28% increase in share price, contributing significantly to value creation. The asset management segment showed strong growth, with assets under management increasing by 24% and contributing EUR 6 per share to value. Wendel SE's strategic transformation over the past two years has resulted in managing EUR 41 billion in assets, diversifying its portfolio and increasing cash flow generation. Some unlisted assets, such as Stahl, Scalian, and ACAMS, faced challenges due to difficult market conditions and volatile multiples, negatively impacting overall value creation. The company's LTV ratio increased to 23% after the acquisition of Monroe, surpassing the S&P ceiling for its current rating. Scalian experienced a 1.2% decline in sales and a drop in EBITDA margin due to market slowdowns in the automotive and aeronautics sectors. Despite strong performance in some areas, the overall contribution from unlisted assets was negative in 2024. The company faces a substantial discount to its net asset value, which management attributes to the need for sustained performance improvement. Q: XR announced a buyback given the large discount to reach NEV. Why not make such a smart capital allocation move? A: Laurent Mignon, Chairman of the Executive Board, Group CEO, explained that while Wendel has conducted buybacks, which created value, the company focuses on long-term value creation through strategic investments in asset management. Share buybacks are part of their strategy but not the sole focus. Q: The financial press disclosed that Puerto Rico could sell more champagne. Would you have a look at it and make a bid? A: Laurent Mignon stated that Wendel is not interested in investing in the retail and consumer business as they lack expertise in that area. Q: Can you make any additional comments on the discussions between SGS and Bureau Veritas? A: Laurent Mignon confirmed that discussions between SGS and Bureau Veritas have ceased without an agreement. Wendel supports Bureau Veritas's strategic plan and its transformative growth ambitions. Q: Are you concerned about potential changes in the carry interest tax scheme in the US for private equity industries? A: Laurent Mignon mentioned that Wendel is not exposed to this issue, so it is not a concern for them. Their exposure to the US is through companies like CPI and ACAMS, and Monroe Capital in private credit, where the impact of carry interest is smaller. Q: There is still a substantial discount to NAV. How do you explain that and what are you going to do about it? A: Laurent Mignon emphasized that performance is the remedy to the discount. Wendel aims to improve asset performance and provide significant returns to shareholders through dividends and strategic investments. They focus on long-term value creation rather than short-term fixes. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
