Stronger seasonality impact in Q1 2026

Outstanding M&A activity in Germany and Central Europe

Completion of anti-dilutive Share buy-back

2026 outlook confirmed

Gauthier Louette, Chairman & CEO, commented:

“On the M&A front, SPIE has made an exceptionally strong start to 2026, with outstanding bolt‑on activity representing approximately €667 million of acquired annual revenue across our core geographies. In particular, our major scale‑up in Industrial Services in Germany marks a significant step forward in the largest industrial services market in Europe. Organic growth was affected in the first weeks of the year by adverse weather conditions in Germany and Central Europe, but we will see a gradual catch‑up over the upcoming quarters. Overall, structural trends remain fully intact and are even strengthening, as the current geopolitical crisis further highlights the urgent need for Europe to transition to low‑carbon electricity. With a solid balance sheet, continued focus on operational excellence, and financial discipline, we reiterate our strong confidence in achieving our 2026 guidance.”