Cergy, November 5th, 2021

Group revenue in line with pre-crisis level

- 9m 2021 revenue: €5,031.4 million, up +6.2% year-on-year (+5.6% organic) and in line (+0.4%) with 9m 2019 level

- Q3 revenue up +1.1% compared with Q3 2020 (-1.5% organic): continued solid trends in France and Germany, rebound in Oil & Gas and Nuclear, offset by decrease in UK commercial installation and phasing in Dutch telecom services

EBITA margin above 2019 level

- 9m 2021 EBITA at €269.9 million, up +42.3% vs. 9m 2020 and 2.2% higher than in 9m 2019

- 9m 2021 EBITA margin up 140 bps compared to 9m 2020 and 10 bps higher than in 9m 2019

- Q3 EBITA margin up +30 bps vs. 2019, thanks to continued improvement in North-Western Europe

Strong delivery on bolt-on M&A, focused on Germany & Central Europe and ICT services

- 7 acquisitions since the beginning of the year, totalling €252 million annual revenue

Full-year margin outlook improved further

- Revenue at or above 2019 level

- EBITA margin above 2019 level, at 6.1%

- Bolt-on acquisitions: total full-year revenue to be acquired in 2021 in excess of €250 million

- Strong reduction in leverage ratio^[1], expected at around 2.0x at year-end

Gauthier Louette, Chairman & CEO, commented: ‘SPIE’s results for the first nine months of the year confirm a strong rebound compared to 2020. I am particularly pleased with the progress of our EBITA margin, which exceeded 2019 level. SPIE is very active on the bolt-on M&A front this year, with 7 acquisitions completed so far, totalling €252 million of annual revenue. We improved further our 2021 EBITA margin outlook, at 6.1% for the full year. As we showed at our ESG investor event in September, there are clear skies ahead for SPIE: our positioning as a key enabler of the energy transition is opening vast business opportunities, already visible in our dynamic order intake, that will enhance our growth and margin as soon as 2022.’

Download the full press release of the 2021 Q3 results here.

_{[1] Ratio of net debt at end December to pro forma EBITDA for the full year, excluding the impact of IFRS 16}

_{[2] Restated to include the contribution of SPIE UK’s schools facility management activity, reintegrated into the continued perimeter in June 2020 (previously under a divesture process)}