Report
Christophe Chaput

Spie : Satisfactory publication, guidance confirmed, Buy rating reiterated

>Q3 figures a shade above expectations - Spie published Q3 results slightly above expectations, marked by: 1/ A limited 3.1% decline in revenues to € 1,715.6m, slightly above our estimates (€ 1,706.8m) and close to consensus (€ 1,717m). On a like for like basis, the decline is limited to 1.8%, in line with the message the group delivered when it released its H1 results, indicating it expected revenues to remain virtually stable in the second half of the year. This tre...
Underlying
SPIE SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Christophe Chaput

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