France's Spie H1 revenue rises 3.6%, net income up 11.9%

Spie SA

30/07/2026 06:13

Overview
France technical services firm's H1 2026 revenue rose 3.6% yr/yr to €5.16 bln
Adjusted net income for H1 2026 increased 11.9% yr/yr
Company completed five bolt-on acquisitions totaling about €670 mln in annual revenue

Outlook
Spie confirms 2026 outlook for strong total growth driven by organic growth and M&A
Company expects continued expansion of EBITA margin in 2026

Result Drivers
ORGANIC GROWTH REBOUND - Co said Q2 organic growth rebounded, offsetting earlier seasonality impacts
BOLT-ON ACQUISITIONS - Five bolt-on acquisitions, including major expansion in German industrial services, contributed to revenue growth
MARGIN EXPANSION - EBITA margin increased by 20 bps to 6.2% in H1 2026

Company press release: ID:nGNE7GQqTW

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 EBITA
 
EUR 321.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Spie SA is €59.50, about 26.2% above its July 29 closing price of €47.14
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
July 29 - France's Vinci H1 revenue beats on strength in Energy Solutions segment
July 27 - France's Rexel H1 sales rise, EBITA margin improves on volume and price gains
July 29 - Nexans lifts 2026 core profit goal on strong electrification business, M&A boost

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)