SPIE : First quarter ahead of expectations and 2024 outlook confirmed
>Q1 revenue ahead of expectations: € 2,225.5m vs € 2,144.5m estimated - For its first quarter, the SPIE Group has reported revenue slightly ahead of expectations. Revenue increased by 11.6% to € 2,225.5m, compared with our estimate of € 2,144.5m (+3.8% difference) and the consensus estimate of € 2,167m (+2.7% difference). Most of the difference relates to organic growth, which was 6.2%, an excellent performance (we were expecting +4.3% and the consensus +5.2%). Acquis...Spie is a provider of electrical engineering and IT services and an infrastructure and building contractor. Co. helps to design, finance, manage and implement an array of projects ranging from high-speed TGV and conventional rail lines to metros and light rail systems. In addition, Co. offers telecom and information network services. Through the Commercial Segment, Co. is engaged in construction and renovation projects. Co. also offers wired building services as well as multi-disciplinary industrial maintenance and facilities management solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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