SPIE - Press release - 2025 Half-Year results

Core Insights - SPIE's first-half results demonstrate a solid growth model with a 5.8% revenue increase and a 40 basis points margin improvement, affirming the company's strategic focus on energy transition and digital transformation [1][3][4] Financial Performance - Consolidated revenue for H1 2025 reached €4,979 million, reflecting a 5.8% increase compared to H1 2024, driven by 3.8% growth from acquisitions and 2.4% organic growth [4] - EBITA increased by 13.2% to €301 million, with the EBITA margin rising to 6.0% [4] - Adjusted net income for H1 2025 was €166.6 million, marking a 5.7% increase from H1 2024 [4] Strategic Initiatives - The company has signed three bolt-on acquisitions in 2025, contributing an annual revenue of €96 million, focusing on high-growth sectors such as Polish Building Solutions and fiber optic services in Switzerland [2][4] - A successful €600 million sustainability-linked bond issuance in May 2025 reflects SPIE's strong credit quality, with a 3.75% coupon and a five-year maturity [4] Market Position and Outlook - SPIE is positioned as the independent European leader in multi-technical services, with a workforce of 55,000 dedicated to decarbonization and responsible digital transformation [4] - The company aims to achieve a total revenue exceeding €10 billion, supported by continued organic growth and active bolt-on M&A, with a target EBITA margin expansion to at least 7.6% [4]