Spie: production up 4.3% in Q1
(CercleFinance.com) - The multi-technical services group Spie today announces production of 1,555.
8 million euros in the first quarter of 2019, up 4.3% as reported, including organic growth of +3.3%, as expected.
EBITA came in at 57.7 million euros, up 4.7%, representing a stable margin at 3.7%. Including the impact of the IFRS 16 standard, it would have been 56.9 million euros; its EBITA margin would have remained at 3.7%.
In 2019, Spie expects production growth of between 2.5% and 4.5% at constant exchange rates, including bolt-on acquisitions, with total annualised sales acquired through bolt-on acquisitions of around 200 million euros.
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