Spie: The title is treading water after the results


(CercleFinance.com) – Spie on Friday reported an “excellent” financial performance for its 2022 financial year and said it had started 2023 with a “high” level of confidence.

The French specialist in multi-technical services for the fields of energy and communications thus emphasizes having recorded a ‘record’ organic growth last year.

Its annual production reached 8.09 billion euros, up 16.1% compared to 2021, including organic growth of 6.9% reflecting in particular its ability to increase its prices.

The group also posted strong growth in its EBITA, which reached 511.2 million euros, up 19.8%, with a continued improvement in its EBITA margin, at 6.3%, up 20 percentage points.

Spie said it plans to pay its shareholders a dividend of 0.73 euros per share, up 21.7%.

For fiscal 2023, Spie said it is aiming for mid-single-digit organic growth, i.e. around 5%, with further improvement in its BITA margin.

The company also intends to give high priority to ‘bolt-on’ acquisitions, which it believes remain at the heart of its business model.

Following these rather reassuring elements, the Spie share was stable on Friday in a Parisian market down about 1.7%. Since the start of the year, the Spie share has now posted a gain of 8.8%, against +10.5% for the SBF 120 index.

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