In the first half of 2026, the SPIE Group posted solid results, with revenue rising by 3.6 per cent to €5,156.6 million, of which 2.7 per cent was attributable to acquisitions and 1.2 per cent to organic growth. In the second quarter, organic growth accelerated to 3.1 per cent, confirming the expected rebound following the seasonal impact in the first quarter. The EBITA margin rose by 20 basis points to 6.2 per cent, whilst EBITA increased by 6.9 per cent to €321.4 million. Adjusted net profit amounted to €186.5 million, representing an increase of 11.9 per cent year-on-year.
The company is continuing its active policy of bolt-on acquisitions. To date, it has announced five acquisitions, which will bring companies generating around €670 million in annual revenue into the Group. The largest of these was the acquisition of ROFA and SGS, which significantly strengthened SPIE’s industrial services business in Germany. At the same time, the Group is consistently pursuing further acquisitions in Central Europe. It also has a broad portfolio of potential acquisitions in highly fragmented markets.
SPIE’s financial structure remains strong. In April 2026, Fitch raised the company’s long-term credit rating to Investment Grade (BBB-, stable outlook). In May, SPIE successfully issued sustainability-linked bonds worth €600 million, maintaining a high level of liquidity and extending its debt maturity profile to 2031. Thanks to strong cash flows from operating activities, the debt ratio rose by only 0.2x compared with the end of June 2025, despite self-financed acquisitions. In the first quarter, the company also carried out a share buyback worth €59 million.
SPIE has confirmed its forecasts for 2026. The Group expects strong revenue growth, driven by further organic growth and an active bolt-on acquisition policy, as well as continued growth in the EBITA margin.
The SPIE Group’s press release is available at here.
