(Boursier.com) — Spie consolidates slightly (-0.4% to 32.6 euros), but remains close to its historic highs, the day after its strong progression in the wake of a solid annual publication. The Group having achieved its EBITA margin objective for 2025 two years in advance, it has revised upwards its medium-term forecasts by 2025. For 2024, management is also confident that the improvement in profitability and should continue to benefit from good pricing power in all geographies and particularly in Germany.
Oddo BHF explains that the group has once again demonstrated excellent fundamentals (CA; MOP) despite an inflationary context. External growth operations also fuel growth while maintaining a very healthy balance sheet structure (DN/EBITDA 1.2x). The broker logically maintains its ‘outperform’ opinion and its target of 38 euros.
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