Very strong first-half performance

Further margin expansion and excellent M&A strategy execution

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Markus Holzke, CEO, commented: “SPIE delivered a very strong first-half performance, marked by the anticipated rebound in organic growth in the second quarter, further margin expansion and dynamic bolt-on M&A activity, notably through the expansion of our industrial services platform in Germany. Outstanding cash generation and financial discipline enabled us to sustain our acquisition strategy while maintaining a solid balance sheet, as reflected in the recent achievement of Investment Grade status with Fitch. These results highlight the strength of our business model and quality of its execution across the Group as well as our ability to capture the opportunities created by Europe’s accelerating drive towards both energy and digital sovereignty. We are therefore fully confident in achieving our 2026 objectives and continuing to create 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}