Added to YB: 2026-07-02
Pitch date: 2026-06-30
SPIE.PA [neutral]
SPIE SA
-1.48%
current return
Author Info
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Company Info
SPIE SA provides multi-technical services in the areas of energy and communications in France, Germany, the Netherlands, and internationally.
Market Cap
EUR 8.6B
Pitch Price
EUR 50.80
Price Target
N/A
Dividend
2.14%
EV/EBITDA
9.75
P/E
48.46
EV/Sales
1.03
Sector
Commercial Services and Supplies
Category
growth
SPIE (SPIE France): Consistent execution continues to compound through steady operational improvements
SPIE.PA (update): H1 recovery expected as Q2 organic growth rebounds to ~3% on delayed high-voltage projects. Germany/Central Europe strong, France subdued (weak building/fibre). Margins edging higher on disciplined M&A (ROFA, SGS), cost control. Structural tailwinds: grid modernisation, electrification, energy transition. Recurring services model, resilient cash gen. Leverage up post-M&A but improving via H2 cash flow. Decent valuation.
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