SPIE SA
SPIE
ISIN FR0012757854 / Valor 28425996
SPIE SA
UMushroom community rating:
About company
SPIE SA is a prominent independent European entity specializing in multi-technical services within the energy and communications sectors. The company is strategically positioned in four key markets, focusing on assisting its clientele with the energy transition and the adoption of sustainable digital technologies. With a workforce of 50,000, SPIE is dedicated to facilitating the sustainable transformation of urban and regional infrastructures, contributing to the mitigation of global warming, advancing the digitization of services, and supporting the shift towards Industry 4.0. The firm's expertise encompasses the design, installation, and maintenance of energy-efficient and environmentally friendly facilities, underscoring its commitment to aiding customers in navigating the complexities of modern energy and digital landscapes. Through its comprehensive service offerings, SPIE plays a vital role in driving forward the energy transition and digital transformation agendas, aligning with broader global efforts to achieve a more sustainable and technologically advanced future.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (15.05.2026):
SPIE SA — Q1 2026: consolidated revenue was €2,450.3 million (up +1.5% year‑on‑year reported; +1.7% at constant FX). Organic revenue fell -0.9% in Q1 2026, mainly due to temporary weather‑related disruptions in Germany and Central Europe, while 2025 bolt‑on acquisitions contributed +2.7%. Management confirms the 2026 outlook (strong total growth and further EBITA margin expansion) and highlights exceptional bolt‑on M&A momentum early in 2026.
Top‑line and growth drivers
Reported Q1 2026 revenue: €2,450.3m (+1.5% y/y; +1.7% at constant FX). Organic growth: -0.9% (weather disruptions led to a near‑term slowdown). Contribution from prior bolt‑ons: +2.7%. Currency impact was marginal (≈ -0.2%).
Segment snapshot
Key Q1 2026 segment revenues: Germany €799.2m (+1.2% y/y; organic ~flat), France €829.3m (+1.9%), North‑Western Europe €513.2m (+0.3%), Central Europe €193.4m (+7.5% including bolt‑ons; organic -8.2%), Global Services Energy €115.2m (-4.4%, organic -4.1%).
Exceptional M&A activity
SPIE SA announced four bolt‑on deals early 2026 adding ≈€667m of annual revenue: ROFA Industrial AG (~€430m) and SGS Industrial Services (~€180m) in Germany (major scale‑up in Industrial Services), plus Invizo (Slovakia) and BLOCK Group (Czech Republic) (~€57m). All transactions are self‑financed and expected to be accretive.
Operational & near‑term headwinds
Q1 organic weakness attributed to adverse weather in Germany and Central Europe; management expects a gradual catch‑up in coming quarters. Global Services Energy was affected by contract suspensions following the Iran conflict and by FX headwinds.
Capital allocation and shareholder actions
SPIE repurchased 1,250,000 shares in March 2026 to offset dilution from employee plans; those shares were cancelled on March 30, 2026. Dividend policy: proposed payout ≈40% of Adjusted Net Income (subject to AGM approval).
Outlook
2026 guidance reiterated: management expects strong total growth driven by organic recovery plus active bolt‑on M&A, and continued expansion of the EBITA margin, supported by a solid balance sheet and disciplined leverage policy.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
9479 M
Market cap (USD)
256,333
Daily traded volume (Shares)
29.72 / 29.38
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
