France · Delayed Price · Currency is EUR SPIE SA Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 1.7% revenue growth, driven by strong M&A activity and resilience despite weather impacts. Four acquisitions added EUR 667 million in annual revenue, and the outlook for 2026 remains robust with expanding margins expected.
Fiscal Year 2025
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Delivered strong 2025 results with revenue up 4.8%, EBITDA margin at 7.6%, and robust cash flow. Upgraded 2028 margin target to 8%, completed nine acquisitions, and maintained leadership in energy transition and digital infrastructure.
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Revenue grew 4.4% to €7.5 billion over 9 months, driven by strong organic and M&A growth, with robust performance in Germany and Northwestern Europe. EBITDA margin is expected to reach at least 7.6%, and the outlook for 2025 and beyond remains positive, supported by a strong backlog and resilient business model.
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H1 saw 5.8% revenue growth and a 13.2% EBITDA increase, with margin up 40 bps to 6%. Leverage improved, margin guidance was raised to at least 7.6%, and strong M&A and cash discipline were highlighted. Growth was led by Germany and Northwestern Europe.
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Record revenue and margin growth were achieved, supported by strong M&A activity and robust cash flow. The board expanded its diversity, approved a 20.5% higher dividend, and set ambitious sustainability and financial targets through 2028. All resolutions passed with overwhelming support.
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Q1 2025 revenue rose 8.5% year-over-year, driven by strong growth in Germany and Northwestern Europe, resilient performance in France, and robust M&A activity. Outlook for 2025 remains positive, with revenue expected above EUR 10 billion and margins set to expand.
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Ambitious new targets include 7–9% annual revenue growth, margin expansion to 7.7% by 2028, and over €2 billion in free cash flow, driven by organic growth, M&A, and a strong focus on sustainability. Germany leads growth, while the group accelerates in high-potential verticals and maintains best-in-class cash conversion.
Fiscal Year 2024
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Record 2024 results with revenue up 13.7% to €9.9B and EBITDA up 22% to €712M, driven by strong organic growth and acquisitions. Sustainability leadership, robust cash flow, and a proposed 20.5% dividend increase support a confident 2025 outlook.
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Revenue grew 13.9% to €7.1 billion in the first nine months, with strong organic and acquisition-driven growth, especially in Germany and Northwestern Europe. EBITDA margin guidance was raised to at least 7.1%, and robust trends in energy transition and electrification continue to support performance.
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Record H1 2024 results with €4.7bn revenue (+14.4%), 5.8% organic growth, and EBITDA up 20.7%. Germany became the top contributor, M&A activity was strong, and margin guidance was raised to at least 7%. Organic growth is expected to slow in H2, but momentum remains solid.