SPIE accelerates organic growth and confirms its annual outlook

SPIE ($SPIE) reported third-quarter 2026 revenue of €2.887 billion, up 13.7% year on year. Organic growth accelerated to 4.7%, compared with 1.2% in the first half, while acquisitions added 9.0 percentage points to quarterly growth. Revenue for the first nine months reached €8.043 billion, an increase of 7.0%, showing that recently acquired businesses remained a substantial contributor to expansion.

Germany delivered 5.2% organic growth in the quarter and Northwestern Europe grew 12.5% on that basis. SPIE confirmed its 2026 expectations for strong overall revenue growth and further adjusted operating-margin improvement. Seven acquisitions announced during the year represent close to €800 million of annual target-company revenue; that figure describes the acquired businesses’ scale, rather than revenue already recognized by SPIE in the reporting period.

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