Business
Quarterly information as at March 31st, 2026
Stronger seasonality impact in Q1 not affecting full-year outlookOutstanding bolt-on M&A activity in GermanySustained momentum in underlying trends Cergy, April 24th, 2026 Stronger seasonality impact in Q1 2026 Q1 2026 revenue: €2,450.3 million, up +1.7% year-on-year at constant FXOrganic growth of -0.9%, reflecting temporary weather-related disruptions in Germany and Central Europe; gradual catch-up expected over the coming quarters+2.7% contribution from 2025 bolt-on acquisitionsStructural gro
About this update from Spie Sa
Stronger seasonality impact in Q1 not affecting full-year outlook Outstanding bolt-on M&A activity in Germany Sustained momentum in underlying trends Cergy, April 24 th , 2026 Stronger seasonality impact in Q1 2026 Outstanding M&A activity in Germany and Central Europe Completion of anti-dilutive Share buy-back 2026 outlook confirmed Gauthier Louette, Chairman & CEO , commented: “On the M&A front, SPIE has made an exceptionally strong start to 2026, with outstanding bolt-on activity representing approximately €667 million of acquired annual revenue across our core geographies. In particular, our major scale-up in Industrial Services in Germany marks a significant step forward in the largest industrial services market in Europe. Organic growth was affected in the first weeks of the year by adverse weather conditions in Germany and Central Europe, but we will see a gradual catch-up over the upcoming quarters. Overall, structural trends remain fully intact and are even strengthening, as the current geopolitical crisis further highlights the urgent need for Europe to transition to low-carbon electricity. With a solid balance sheet, continued focus on operational excellence, and financial discipline, we reiterate our strong confidence in achieving our 2026 guidance.” Attachment