SPIE
SPIE is Europe’s leading independent provider of multi-technical services in the energy and communication sectors.
With 48,000 employees around the world and a strong local presence, the group helps its clients with the design, construction, operation and maintenance of energy-efficient and environmentally friendly facilities.
SPIE generates 36% of its revenue in France and 35% in Germany and Central Europe.
- Stake in SPIE
- 5.1 %
- Investment date
- 2017
Peugeot Invest's investment
Peugeot Invest acquired its stake in SPIE in the fourth quarter of 2017, and has invested a total of €201 million.
At 31 December 2023, the Peugeot Invest group (via wholly owned subsidiary Peugeot Invest Assets) held 5.1% of the group.
The value of the shareholding in the Net Asset Value and the consolidated financial statements is based on the share price at 31 December 2023.
Peugeot Invest Assets, represented by Bertrand Finet, has a seat on SPIE’s Board of Directors and is a member of its Appointments and Remuneration Committee and Audit Committee.
In 2023
SPIE reported record results in 2023. The Group’s consolidated revenue came to €8,709 million in 2023, representing organic growth of 8.4% (7.6% on a reported basis), driven by rising demand for services linked to the energy transition and higher prices in an inflationary environment.
Operating profit was €584 million (vs. €511 million in 2022), representing a margin of 6.7% (vs. 6.3% in 2022), two years ahead of the margin target set for 2025. This good performance also reflects the company’s strong operational discipline. SPIE continued to post solid cash generation in 2023. Free cash flow was €427 million. Net debt(1) was €793 million, down €127 million on the previous year, giving a leverage ratio(1) of 1.2x, an all-time low.
Key figures
- Green share of production (european taxonomy)
- 46 %