SPIE : H1 results slightly better than expected and guidance for EBITA margin expansion of 30bp in 2024
>H1 EBIT ahead of expectations: € 265.5m vs € 254m est. (css € 260m) - For H1 2024, Spie reported slightly better-than-expected results. They were characterised by: 1/ revenue growth of 14.4% to € 4.7045bn, up an organic 5.8%. We expected € 4.664bn (difference +0.9%) and organic growth of 5.7% (css 5.6%). For Q2, organic growth came to 5.4% (5.1% est.) and we note an acceleration in performances for Germany (Q2 organic growth of +7.8% vs +4.1% in Q1). France is still ...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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