- Spie reported a revenue of €4.98 billion for the first half of the year, marking a 5.8% increase compared to the previous year.
- Revenue in France was €1.64 billion, representing a slight decrease of 0.8%, aligning with market expectations.
- Germany’s revenue showed robust growth, reaching €1.68 billion, up by 15% year-over-year.
- Revenue from North-Western Europe was €1.04 billion, slightly exceeding the forecast of €1.03 billion.
- Central Europe contributed €385.8 million in revenue.
- Earnings before interest, taxes, and amortization (EBITA) rose 13% to €300.6 million.
- France’s EBITA was €99.1 million, surpassing estimates of €96.2 million.
- Germany’s EBITA increased significantly by 26% to €94.7 million.
- EBITA for North-Western Europe was €71.9 million, exceeding expectations of €62.4 million.
- Central Europe’s EBITA grew by 12% to €12.6 million.
- Global Services Energy reported an EBITA of €20.7 million, marking a decline of 5.9%.
- The EBITA margin improved to 6% from 5.6% a year earlier.
- Organic revenue growth was recorded at 2.4%.
- The company reported a net loss of €13.4 million, which is a significant shift from a profit of €56.8 million in the previous year.
- For the full year, Spie forecasts its EBITA margin to exceed 7.6%, higher than the estimated 7.36%.
- Total revenue is still expected to surpass €10 billion, compared to estimates of €10.57 billion.
- Spie will distribute an interim cash dividend of €0.30 per share.
- Analyst recommendations consist of 7 buy ratings and 2 hold ratings, with no sell ratings noted.
SPIE SA on Smartkarma
Analysts on Smartkarma are buzzing about SPIE SA with insightful coverage provided by Baptista Research. Their recent report, titled “SPIE: Initiation of Coverage- Strategic Acquisitions Fueling An Unstoppable Expansion Engine!“, highlights SPIE’s impressive 2024 financial performance. The company saw record-breaking success, achieving a revenue of EUR 9.9 billion, marking a substantial 13.7% increase. This growth was a result of a solid organic growth of 4.3% coupled with a strategic acquisition strategy contributing 9.2% to overall revenue growth.
A look at SPIE SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, SPIE SA shows a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned for significant future development and market activity. The strong Growth score reflects SPIE’s potential for expansion and increasing market share, while its Momentum score indicates a current upward trend that is likely to continue.
While SPIE SA scores lower in Value, Dividend, and Resilience, the high scores in Growth and Momentum suggest that investors may see potential for long-term gains in the company’s growth prospects. SPIE’s diverse range of engineering services globally positions it for continued growth opportunities in various sectors, providing a solid foundation for its future performance.
Summary: SPIE SA provides engineering services globally, specializing in electrical and mechanical infrastructure, energy applications, communication systems, facilities management, industrial machinery installations, and security equipment. With a strong focus on growth and momentum, the company is poised for future expansion and market activity.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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