SPIE Completes Share Buyback Program: A Boost for Shareholders

SPIE, the independent European leader in multi-technical services in the areas of energy and communications, has announced the completion of its share buyback program. Initiated on January 9th, 2025, the program aimed to repurchase a maximum of 1,250,000 SPIE shares. Between January 13th, 2025, and February 3rd, 2025, SPIE successfully bought back 1,250,000 of its own shares, which will be cancelled in the weeks to come. This move is expected to have a positive impact on the company's long-term financial health and shareholder value.



The primary objective of the share buyback program was to partially compensate for the dilutive impact of the issuance of new shares under the SHARE FOR YOU 2024 employee shareholding plan and the Group’s long-term incentive plan. By repurchasing and cancelling these shares, SPIE reduces the number of outstanding shares, which can help maintain or even increase the value of each share. This action also sends a strong signal to the market that the company's management believes its shares are undervalued, potentially boosting investor confidence and driving up the stock price.

The completion of the share buyback program also demonstrates SPIE's financial flexibility. The company was able to allocate resources to this program while maintaining its financial health, as evidenced by its 2023 consolidated revenue of €8.7 billion and consolidated EBITA of €584 million. This move further solidifies SPIE's position as a financially strong and responsible company, committed to achieving the energy transition and responsible digital transformation alongside its customers.

In conclusion, SPIE's completion of the share buyback program is a strategic move that can have a positive impact on the company's long-term financial health and shareholder value. By reducing dilution, improving earnings per share, signaling confidence, and demonstrating financial flexibility, SPIE is well-positioned to continue its growth and success in the energy and communications sectors.