Spie Q1 Revenue Near Forecast, Organic -0.9%

Spie posted Q1 revenue €2.45 bn, up 1.7% YoY, roughly matching analysts’ €2.47 bn estimate.
Organic growth fell to –0.9%, missing the 0.2% consensus and slowing from 1.5% in Q4, due to weather disruptions.
Regional performance: Germany flat, Central Europe –8.2%, Global Energy Services –4.1%, North‑Western Europe –0.9%, France +0.6%.
Full‑year guidance unchanged with targets for strong total growth and margin expansion; Jefferies expects catch‑up and M&A support.