To access the full 2024 annual results, click here.

Gauthier Louette, Chairman & CEO, commented: “2024 was yet another year of record-breaking results for SPIE. Revenue grew by nearly 14%, highlighting our strong positioning on attractive markets, as well as the remarkable execution of our bolt-on acquisitions strategy. EBITA reached a new record high of 712 million euros, rising 22% year-on-year, as we managed to step up our margins by 50 basis points. Free cash flow reached an outstanding 570 million euros, supported by exceptional working capital performance. This strong performance allows us to propose a dividend of €1.0 per share, representing an increase in excess of 20% compared to 2023.

With accelerating growth and best-in-class margins, as well as the well-advanced integration of Robur and ICG, Germany has solidified its status as SPIE’s number one growth engine and is now the top contributor to Group earnings. France proves to be a steady ship, navigating the current context with remarkable efficiency. Meanwhile, the Netherlands has emerged as a robust third pillar alongside Germany and France, achieving revenue of nearly 1.6 billion euros with margins aligned with the Group’s average. 

With 49% of our 2024 revenue aligned with the EU Taxonomy, we consolidated our positioning as a major enabler of the energy transition, delivering innovative solutions that increase energy efficiency and foster decarbonized electricity across all economic sectors. 

These 2024 achievements are the result of our 54,700 employees’ expertise and dedication. They embody SPIE’s strong company culture, and I am very proud that they are the Group’s first shareholder. Looking ahead, we are enthusiastic about the vast, long-term opportunities in our markets and extremely confident in our business model. 2025 is set to be another year of strong growth and financial performance.

_{[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 April 30^th, 2025}

_{[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}