Q1 2024 revenue up +11.6% 

A strong organic growth at +6.2%, positive momentum on our markets

Outstanding delivery on our bolt-on M&A

Very good start to the year

Gauthier Louette, Chairman & CEO, commented:

“SPIE continued to deliver a strong organic growth in Q1 2024 after a record year in 2023. It evidences the good momentum on our markets, as well as SPIE’s unique positioning in highly valuable multi-technical services related to change in energy mix, decarbonation and electrification in industry, low carbon mobility, energy efficiency, and smart city. This unique positioning as a key enabler for energy transition, combined with a high quality of execution and a well-balanced business profile provide the Group with a strong dynamic. With 245 million euros of annual acquired revenue already announced in Q1, this quarter has been very active, and the pipeline of opportunities remains very rich to nurture our compounding model. This strong Q1 performance reinforces our confidence to achieve our 2024 guidance.”

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_{[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}