Spie SA
PAR:SPIE

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Spie SA Logo
Spie SA
PAR:SPIE
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Price: 46.78 EUR -0.89% Market Closed
Market Cap: 7.9B EUR

Spie SA
Investor Relations

Spie SA, a stalwart in Europe's multimodal infrastructure landscape, has woven itself into the fabric of various industries by providing a spectrum of technical solutions and services. Originating from its humble beginnings, Spie has transformed into a juggernaut that facilitates the operation of complex systems across sectors such as energy, telecommunications, and industrial services. Their unique business model revolves around supporting the technology backbone that ensures cities run smoothly, communication stays seamless, and industries operate efficiently. The company thrives by modernizing electrical and mechanical infrastructures, enhancing energy performance, and maintaining critical facilities, proving indispensable in an increasingly integrated world where efficiency and reliability are paramount.

Financially, Spie SA taps into the burgeoning demand for sustainable and smart solutions, making money by executing projects and providing recurring maintenance and operational services. Its core strength is its ability to collaborate across diverse industries, offering bespoke solutions tailored to meet specific client needs. This requires a profound understanding of both client operations and technological advancements. By capitalizing on trends such as digital transformation and energy efficiency, Spie is able to create a steady revenue stream from both long-term contracts and burgeoning projects. Operating in a landscape where the push towards greener and smarter infrastructures is relentless, Spie positions itself not only as a service provider but as an integral partner in its clients' strategic initiatives.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 31, 2025
AI Summary
Q3 2025

Revenue Growth: SPIE reported 9-month revenue of €7.5 billion, up 4.4%, with 2.2% organic growth driven mainly by Germany and North Western Europe.

Full-Year Outlook: Management confirmed its outlook for 2025 and expects revenue to exceed €10 billion, with further organic growth and ongoing M&A contribution.

Margin Focus: EBITDA margin is expected to expand to at least 7.6%, with continued emphasis on margin over volume and strong cash generation.

M&A Activity: The company remains active in bolt-on M&A, completing 5 acquisitions representing €133 million in annual revenue so far this year.

Backlog Strength: High-voltage and infrastructure project backlogs remain strong, with future growth anticipated despite some quarterly project phasing volatility.

Regional Performance: Germany and Central Europe showed double-digit growth, while France remained resilient despite macroeconomic softness.

Employee Shareholding: A record employee share program was completed, bringing employee shareholders to an estimated 8% of SPIE's capital.

Key Financials
Revenue
€7.5 billion
Organic Revenue Growth
2.2%
External Growth (M&A Contribution)
3.6%
Q3 2025 Revenue Growth
4.7%
Q3 2025 Organic Revenue Growth
1.8%
Germany Revenue Growth (9 months)
11.8%
North Western Europe Revenue Growth (9 months)
7%
France Revenue Change (9 months)
-0.6%
Central Europe Revenue Growth (9 months)
9.6%
Central Europe Revenue Growth (Q3)
30.4%
Central Europe Organic Revenue Growth (Q3)
10%
Global Services Energy Revenue Change (9 months)
-7.8%
Global Services Energy Organic Revenue Change (9 months)
-4.6%
Global Services Energy Currency Impact (9 months)
-3.2%
EBITDA Margin
at least 7.6%
Dividend Payout
around 40% of adjusted net income
Annual Revenue from 2025 Acquisitions
€133 million
Employee Shareholding
around 8% of SPIE's capital
Data Center Exposure
about 3% of total activity
Earnings Call Recording
Other Earnings Calls

Management

Mr. Gauthier Louette
Chairman of the Board of Directors & CEO
No Bio Available
Mr. Jérôme Vanhove
Group Chief Financial Officer
No Bio Available
Mr. Pascal Omnès
Head of Communications
No Bio Available
Ms. Severine Walser
Group Human Resources Director
No Bio Available
Mr. Arnaud Tirmarche
Chief Executive Officer of SPIE France
No Bio Available
Mr. Markus Holzke
Chief Executive Officer of Deutschland & Zentraleuropa
No Bio Available
Ms. Lieve C. A. Declercq MSc
Chief Executive Officer of SPIE Nederland
No Bio Available
Mr. Pierre Savoy
Chief Executive Officer of SPIE Schweiz AG
No Bio Available
Mr. Hein Dirix
Chief Executive Officer of SPIE Belgium
No Bio Available
Mr. Christophe Bernhart
Chief Executive Officer of SPIE Oil & Gas Services
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Cergy-Pontoise
10 Avenue de l'Entreprise, Cergy-Pontoise Cedex
Contacts
+33134418181.0
www.spie.com