Spie: EBITA margin target raised for 2024

(CercleFinance.com) - On its trading update, Spie announced an upward revision of its EBITA margin target for 2024, now expecting it to be at least 7.
1% of production (i.e., a minimum increase of 40 basis points), instead of 'at least 7%'.

The multi-technical services group confirms that it expects organic growth to continue over the year, at a lower rate than in 2023, but with solid organic growth expected in the fourth quarter.

Spie has posted production for the first nine months of 2024 of 7.13 billion euros, up 13.9% (of which +4.4% organic and +9.4% contribution from bolt-on acquisitions), including a 13.1% increase (+1.7% organic) in the third quarter.

Underlying trends, mainly linked to the energy transition, continue to support our markets, which thus remain very solid; and as expected, our topline reflects less inflation in our cost structure, it explains.


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