Bureau Veritas has reported adjusted net earnings for 2023 of 574.7 million euros (or 1.27 euros per share), up 7.6%, and an adjusted operating margin that improved by 20 basis points on an organic basis, to 16.2%.

At 5.87 billion euros, the inspection and certification services group's sales were up 8.5% on an organic basis, and 3.8% on a reported basis (including a positive perimeter effect of 0.6% and a negative currency effect of 5.3%).

At the AGM on June 20, the Board of Directors will propose a cash dividend of 0.83 euro per share for 2023, up 7.8% on the previous year, representing a payout ratio of 65% of adjusted net profit.

For 2024, Bureau Veritas expects to achieve 'moderate to high single-digit' organic sales growth, as well as an improved adjusted operating margin at constant exchange rates.

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