France · Delayed Price · Currency is EUR SPIE SA Earnings Call Transcripts
Fiscal Year 2026
-
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
-
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.
-
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.
-
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.
-
The AGM highlighted record financial results, strong M&A activity, and a 20.5% dividend increase. Sustainability goals remain central, with ambitious targets for decarbonization and diversity. All resolutions, including board changes and compensation policies, were overwhelmingly approved.
-
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.
-
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 energy transition, digitalization, and a robust M&A pipeline. Sustainability and talent development remain central pillars.
Fiscal Year 2024
-
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.
-
Revenue grew 13.9% to EUR 7.1 billion in the first nine months, with 4.4% organic growth and significant M&A contributions. EBITDA margin guidance was raised to at least 7.1%, and further organic growth is expected in Q4, supported by strong energy transition trends.
-
Record H1 2024 revenue and EBITDA growth driven by strong organic expansion and bolt-on M&A, with Germany now the largest contributor. EBITDA margin guidance raised to at least 7% for 2024, supported by robust segment performance, disciplined capital allocation, and continued focus on operational excellence.