SPIE - Press release - Quarterly information as at September 30th, 2024

st, 2024 Strong 9m 2024 organic growth (+4.4%) including a solid level of organic growth in Q3 (at +1.7%) 9m 2024 revenue: €7,130.7 million, up +13.9% year-on-year (including +4.4% organic and +9.4% contribution from bolt-on acquisitions)Q3 2024 revenue up +13.1% including +1.7% organic growth: Very strong performance in Germany and The Netherlands while France remained particularly solidWeak quarter in Central Europe due to contract phasing in Poland and high comparison basis in...

Cergy, 31/10/2024 (informazione.it - comunicati stampa - economia)

, 2024

Strong 9m 2024 organic growth (+4.4%) including a solid level of organic growth in Q3 (at +1.7%)

Significant contribution from our value-creative bolt-on acquisitions

Guidance revised upwards for FY 2024 EBITA margin

- EBITA margin: at least 7.1% of revenue (a minimum of +40 bps increase compared to 2023)
(previously: EBITA margin of at least 7.0% of revenue (a minimum of +30 bps increase compared to 2023))
- Further organic growth at a slower pace than in 2023. Solid organic growth expected in Q4
(previously: “Further organic growth at a slower pace than in 2023”)

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2025 SPIE Investor Day

Gauthier Louette, Chairman & CEO , commented: “SPIE delivered a strong organic growth in the first nine months of the year. The momentum keeps being supported by structural trends such as decarbonation, electrification and energy efficiency solutions. In this regard, our unique positioning to address the acceleration in Transmission and Distribution activities provides us with excellent visibility.
While we see, of course, less impact of cost inflation in our topline, we continue to enjoy a good pricing power which, combined with a favourable mix effect and our proven quality of execution, allows us to further increase our margin. This performance evidences once again the strong added value content of our solutions and the highly mission critical nature of our services.
SPIE was very active in bolt-on acquisitions with a rich pipeline of opportunities in the countries where the Group operates. The recent acquisitions have strengthened SPIE's profitable growth profile, and the Group will pursue its targeted bolt-on M&A strategy to further deploy the SPIE model with a strong discipline in its financing policy.
In the current macroeconomic environment, SPIE has a resilient and agile business profile addressing the structural trends related to energy transition. As we continue to execute our strategy, we are pleased to revise upwards our guidance 2024 for EBITA margin objective at at least 7.1% of revenue leading to an EBITA growth above 20%.”

Conference call for investors and analysts

Date: Thursday, October 31 , 2024
9.00 am CET - 8.00 am GMT

Speakers:
Gauthier Louette, Chairman & CEO
Jérôme Vanhove, Group CFO

Dial-in details:

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