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Spie: market applauds results and outlook

( - Spie is currently the second biggest winner in the SBF 120 index on Friday, after the group published robust Q1 results and gave a fairly encouraging outlook.

The multi-technical services group for the energy and communications sectors announced "solid" organic growth in Q1, continuing to improve its margins.

Organic growth reached 3.3% in Q1, a level in line with annual targets.

Meanwhile, Ebita was 70.4 million euros, up 17.7% y-o-y, giving an Ebita margin of 3.9%, up 20 bp y-o-y.

The group is maintaining its outlook, still expecting organic growth of at least 3% this year.

Spie rose by around 3.5% on Friday morning, limiting its YTD decline to around 3%, although the share has still outperformed the SBF 120 (down almost 9%).

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