Spie: results pick up in Q3

(CercleFinance.com) - SPIE's financial results published today show " a significant sequential improvement compared to the previous quarter, and confirming our strong resilience since the onset of the Covid-19 crisis," the company said.


In Q3 SPIE saw its production fall by 3.1% compared with the same period a year earlier, representing an organic decline of 1.8%. At the same time, EBITA declined by 10.4%.

This year H2 production is expected to be close to that of H2 2019, it said.

"Business recovered rapidly in France, and we experienced good revenue growth in Germany. Cash collection remained very strong through the quarter," said company boss Gauthier Louette.



Copyright (c) 2020 CercleFinance.com. All rights reserved.