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Cergy, April 25^th, 2025

“SPIE has made a solid start to 2025. Momentum was particularly strong in Germany and North-Western Europe, reflecting our leadership positions in buoyant energy markets, as well as positive trends across all divisions, while France demonstrated resilience in the current mixed economic environment, against a high comparison basis. Amid heightened geopolitical and macroeconomic uncertainty, unabating high demand for energy transition-related services across Europe, together with our continued focus on selectivity and operational discipline, reinforce our confidence in achieving our full-year targets. In particular, our current margin trajectory is well-oriented, underpinned by sustained focus on operational excellence and pricing power. We are also progressing well on the M&A front, with all integration processes in plan, and a healthy pipeline of opportunities for this year.”