SPIE_Press release_ Q1 2025 - Quarterly information as at March 31st, 2025

Core Insights - SPIE has reported solid revenue growth in Q1 2025, with total revenue reaching €2,415 million, representing an increase of 8.5% year-on-year [3] - The company is experiencing strong momentum particularly in Germany and North-Western Europe, driven by leadership in energy markets and positive trends across all divisions [1][3] - The outlook for 2025 remains positive, with confidence in achieving full-year targets supported by high demand for energy transition-related services and operational discipline [1] Financial Performance - Q1 2025 revenue of €2,415 million reflects an organic growth of 2.1%, on a high comparison basis from Q1 2024 which had a growth of 6.2% [3] - The EBITA margin is continuing to expand, indicating strong operational performance [3] M&A Activity - Integration of all 2024 acquisitions is progressing well and in line with the planned timeline [3] - Recent acquisitions include Elektromontaż-Poznań and Corporate Software in January 2025, and the announcement of the LTEC Group acquisition, which has an annual revenue of approximately €19 million, aimed at enhancing Building Technology & Automation offerings in Poland [3] - A healthy pipeline of M&A opportunities is anticipated for the year, contributing to further growth [3]