SPIE: Initiation of Coverage- Strategic Acquisitions Fueling An Unstoppable Expansion Engine!

SPIE had a record-breaking year in its 2024 financial performance, showcasing significant advancements across multiple business segments. The company achieved a revenue of EUR 9.9 billion, representing a 13.7% increase. This growth was driven by strong organic growth of 4.3%, further complemented by an aggressive bolt on acquisition strategy that contributed 9.2% to overall revenue growth. SPIE made eight acquisitions, enhancing its market presence, particularly in Germany and Northwestern Europe.