Spie tops SBF 120 on confirmed FY guidance, strong M&A activity

Spie SA

24/04/2026 09:47

** Shares in Spie SPIE.PA rise 6%, to the top of France's SBF 120 .SBF120 index, after the French multi-technical services company confirmed full-year guidance, showing positive M&A trend

** Quarterly revenue growth came in at -0.9%, while company-compiled consensus expected -1.4%

** Q1 was impacted by weather, J.P. Morgan notes, but "backlogs continue to grow"

** Spie also had a "strong" start of the year on the M&A side with 667 million euros ($779.92 million) of annual revenue acquired ytd

** It also notes that the reiterated FY outlook of "strong total growth," incl. positive organic growth, EBITA margin expansion, reflects expected organic catch-up and high M&A activity

** Jefferies also shares the positive views on an expected catch-up and strong M&A trend

** Shares are on track for their best day in over two weeks, and among the top performers on Europe's STOXX 600 .STOXX index

($1 = 0.8552 euros)

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))