Gauthier Louette, Chairman & CEO, said: “2023 was a record year for SPIE in all respects. It demonstrates the strengths of our model and the unique positioning of our highly valuable multi-technical services, which are critical for the accelerating energy transition markets. The Group delivered an exceptional level of organic growth at 8.4%. Despite an inflationary context, the margin increased markedly, by 40 basis points, bringing us two years ahead of plan at our mid-term guidance of 6.7 % EBITA margin. SPIE delivered more than 100% cash conversion and achieved an all-time low leverage ratio. Our strong discipline and unabating focus on operational excellence remained the key drivers of success. We stepped up our bolt-on acquisitions during the year, with nine acquisitions representing more than 700 million euros of annual revenue acquired while nurturing a dynamic and rich pipeline of further opportunities.

Our revenue aligned with the EU taxonomy reached 48% in 2023, showcasing one of the highest levels among SBF120 and establishing the Group as a key enabler for energy transition. 

Looking ahead, we are very confident to deliver yet another strong year in 2024”. 

To access the full 2023 annual results, click here.

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

_{[2] Subject to shareholders’ approval at the next Annual General Meeting on May 3^rd, 2024}

_{[3] Ratio of net debt excluding the impact of IFRS 16 at end December to pro forma EBITDA (including full-year impact of acquisitions and disposals) on a trailing twelve-month basis}

_{[4] Adjusted for i) operating income items restated from the Group’s EBITA, ii) the change in fair value and amortisation costs of derivative related to the ORNANE, and iii) the corresponding normative tax income adjustment}