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SPIE publishes its 2020 results and appoints Sandrine Téran

SPIE, despite a difficult health context, shows its resilience with a rebound in the second half of 2020 and an increased commitment to sustainable development.
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SPIE thus demonstrates the solidity of its business model in an unprecedented context. At the same time, the company announces the appointment of Sandrine Téran as independent director, succeeding Sophie Stabile.

SPIE turns to sustainable development

A strong rebound in the second half of 2020

The time has come for SPIE to take stock of its results for the year 2020. The report points to a strong rebound in the second half of 2020.

Indeed, the tightening of health protection measures has not prevented the giant from imposing itself on the market. It also announces an organic decline in production limited to -1.4%. As a result, the Group notes a decline in EBITA margin limited to -20 basis points in the second half of 2020.

Highly resilient throughout the health crisis

In this sense, these results testify to a remarkable resilience throughout the health crisis. Production results, among others, attest to its strength with €6.64 billion, down a limited -4.7% on 2019, of which -5.0% on an organic basis. Net debt also fell sharply, by €324 million over 12 months.

Reduce carbon footprint by 25% by 2025

The French company also reaffirms its reinforced commitment to sustainable development. As a result, it is committed to reducing the Group’s direct carbon footprint by 25% by 2025. Lastly, it already confirms that the green share of production will rise to 41% by 2020.

sandrine téran

Appointment of Sandrine Téran as independent director

A few days after the publication of its 2020 results, SPIE announces the appointment of Sandrine Téran as an independent director.

“We are delighted to welcome Ms. Téran to our Board of Directors. She will bring us the benefit of her financial skills and experience in a listed group”, says Gauthier Louette, Group CEO.

Sandrine Téran joined Eutelsat in 2000 as Director in charge of Tax, Corporate Finance and Internal Audit. In this capacity, she took part in the privatization of the company in 2001 and its IPO in 2005.

Sandrine Téran succeeds Sophie Stabile as the new independent director. She also joins the Board’s Audit Committee.

SPIE intends to consolidate its leading position in the multi-technical energy and communications services market, thanks in particular to the skills of its new partner Sandrine Téran.

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