Spie Revenue Rises 3.6% in First Half on Acquisitions and Organic Growth

French technical services firm Spie (SPIE.PA) reported a 3.6% increase in revenue for the first half of 2026, supported by a rebound in organic growth and significant acquisition activity. The company reaffirmed its full-year outlook, signaling confidence in its continued performance through the rest of the year.

H1 Performance Highlights

According to its financial report, Spie's revenue reached €5.16 billion for the six-month period. Profitability metrics showed notable improvement, with adjusted net income climbing 11.9% year-over-year.

The company's EBITA margin, a key measure of operational profitability, expanded by 20 basis points to 6.2%. This resulted in a total EBITA of €321.40 million for the first half.

Acquisitions Fuel Expansion

A primary driver of Spie's growth was its active merger and acquisition strategy. The company successfully completed five bolt-on acquisitions during the first half, which together are expected to contribute approximately €670 million in annual revenue.

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These transactions included a major expansion into German industrial services, strengthening the company's position in a core European market. Spie also noted that a rebound in organic growth during the second quarter helped offset impacts from earlier seasonality.

Company Maintains 2026 Outlook

Looking ahead, Spie maintained its financial guidance for the full year 2026. The company's management projects continued strong total growth, driven by a combination of organic expansion and contributions from its recent acquisitions.

Investors will be watching for continued margin improvement, as Spie also stated it expects its EBITA margin to continue expanding throughout the remainder of 2026.