Consistent delivery of SPIE’s growth model

Yet another margin step-up: 2025 outlook firmed up

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Solid first-half results combining 40 bps margin step-up and 5.8% revenue growth 

Sustained bolt-on M&A activity, reinforcing leadership in attractive markets

Strong financial structure, highly cash-generative model

2025 margin outlook firmed up

Gauthier Louette, Chairman & CEO, commented: “SPIE’s first-half results confirm the strengths of our model, the relevance of our strategy and the quality of our execution. Energy transition and digital transformation are firmly anchored as lasting growth drivers across our markets, allowing us to confidently navigate the current geopolitical and macroeconomic uncertainty. Thanks to our core focus on margin and financial discipline, we delivered once again a double-digit increase in EBITA. We kept a steady course in terms of bolt-on M&A, with all integration processes progressing well and three new acquisitions, focused on high-growth sectors. With rock-solid fundamentals, enhanced profitability and a disciplined approach to growth, SPIE is on track to meet its firmed-up 2025 targets and to continue creating long-term value.”

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