In the first half of 2025, SPIE Group delivered solid results, reporting a 5.8% increase in revenue to €4,979 million and a 40 bps improvement in EBITA margin to 6.0%.
The company continues its active bolt-on M&A strategy. In 2025, it signed three new acquisitions representing €96 million in annual revenue. SPIE plans further expansion into the fast-growing Building Solutions market in Poland and fiber optic services in Switzerland.
SPIE’s financial structure remains strong. Leverage decreased to 1.9x at the end of June 2025. In May, the company successfully issued €600 million sustainability-linked bonds, and in Q1 completed an anti-dilutive share buy-back worth €39 million.
The 2025 margin outlook has been firmed up. SPIE expects to exceed €10 billion in revenue through continued organic growth and active bolt-on acquisitions, with plans to increase EBITA margin to at least 7.6%.
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