Gauthier Louette, Chairman & CEO, commented: “SPIE delivered an outstanding performance in the first nine months of the year illustrating the compelling needs for our solutions for decarbonation across all sectors of the economy, our unique positioning and quality of execution. The Group benefits from a well-balanced portfolio of customers to further support its profitable and sustainable growth. We continue to gradually and continuously increase our EBITA margin thanks to the operational excellence, our selective approach and a growing demand for our services providing the Group with a proven pricing power.

The Group did accelerate its bolt-on M&A execution with the two acquisitions announced in Q3 in France and Germany. With BridgingIT SPIE expands and strengthens its digitalization expertise in Information and Communication Services in Germany. We are nurturing a promising pipeline of opportunities.

As a key enabler for energy transition, our permanent focus on sustainability has been one more time highly recognised by external agencies with the recent upgrade of SPIE’s ratings by EcoVadis and Sustainalytics.

The very high level of organic growth reached again in Q3 allows us to upgrade our organic growth outlook for the full-year 2023.”
 

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[1] Adjusted for i) operating income items restated from the Group’s EBITA, ii) the change in fair value and amortization costs of derivative related to the ORNANE, and iii) the corresponding normative tax income adjustment