Spie: 29% increase in half-year adjusted net income
(CercleFinance.com) - Spie has announced a 28.
9% increase in adjusted net income to E157.6m for H1 2024, with its EBITA margin up 30bp to 5.6%, on production up 14.4% to E4.7bn (+5.8% organic).
The half-year was particularly intense in terms of acquisitions, the multi-technical services group says. Bolt-on acquisitions remain central to our strategy, and the integration of recent acquisitions is well underway.
For 2024, Spie is now forecasting an EBITA margin of at least 7% of production, i.e. a minimum increase of 30bp, while maintains its assumption of continued organic growth, at a lower rate than in 2023.
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9% increase in adjusted net income to E157.6m for H1 2024, with its EBITA margin up 30bp to 5.6%, on production up 14.4% to E4.7bn (+5.8% organic).
The half-year was particularly intense in terms of acquisitions, the multi-technical services group says. Bolt-on acquisitions remain central to our strategy, and the integration of recent acquisitions is well underway.
For 2024, Spie is now forecasting an EBITA margin of at least 7% of production, i.e. a minimum increase of 30bp, while maintains its assumption of continued organic growth, at a lower rate than in 2023.
Copyright (c) 2024 CercleFinance.com. All rights reserved.