SPIE SA

SPIE

Equity

ISIN FR0012757854 / Valor 28425996

Euronext - Euronext Paris (2026-05-05)

EUR 49.88+2.38%

SPIE SA
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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: Finance

Revenue and growth

FY2025 revenue €10,397.0m, +4.8% vs 2024 (€9,919.7m). Organic growth supported by acquisitions (nine deals in 2025 adding ~€258m of annualized revenue) and sustained activity across European markets.

Operational performance

Recurring operating income €599.7m (2024: €545.5m). Reported operating income €599.4m (2024: €549.0m), indicating improved operating leverage despite higher operating expenses (€9,892.3m).

Profitability & earnings

Pre‑tax income declined to €290.7m (2024: €410.0m). Net income attributable to owners €176.4m (2024: €273.2m). Basic EPS €1.05 (2024: €1.63), diluted €1.04 (2024: €1.62).

Financial & non‑recurring items

Significant negative impact from other financial items, notably a €175.9m change in fair value and amortization cost of the ORNANE convertible bond derivative component, and €216.6m of other net financial expenses, which materially reduced pre‑tax profit.

Cash flow, capex and liquidity

Net cash from operations €886.9m. Investing cash outflow (including acquisitions) €286.6m; capex €75.0m. Cash and cash equivalents at period end ~€751m (cash flow statement) / €791.8m (balance sheet). Financing activity included net debt movements and €1,051.1m repayments; overall net change in cash +€106.5m.

Balance sheet and leverage

Total interest‑bearing debt ≈ €2,167m (non‑current €1,793.0m + current €374.2m). With cash of ~€792m (balance sheet), implied net debt roughly €1.38bn. Total equity €2,171.1m at year‑end.

Capital allocation & shareholder returns

Proposed dividend €1.08/share (up from €1.00). Share buyback: 1,250,000 shares repurchased and cancelled in early 2025; share issues for employee plans increased share capital during the year.

Employee benefits & comprehensive income

Significant actuarial losses (€65.4m) increased other comprehensive expense; total comprehensive income €213.9m (2024: €283.9m). Accrued pension and other employee benefits €619.8m (non‑current).

M&A and strategic items

Nine acquisitions closed in 2025 across Germany, Netherlands, Poland, Switzerland and Austria (annualized revenues ~€258m). The group ties refinancing instruments to climate/ESG targets and continued to link debt pricing to environmental performance.

Summarized from source with an LLMView Source

Key figures

14.4%1Y

76.9%3Y

137%5Y

Performance

24.3%1Y

24.6%3Y

24.8%5Y

Volatility