2012 Results: All Targets Have Been Met

                   2012 Results: All Targets Have Been Met

  PR Newswire

  CERGY, France, April 30, 2013

CERGY, France, April 30, 2013 /PRNewswire/ --

Under difficult economic conditions in Europe,  in 2012  SPIE turned in a
hig h ly satisfactory financial  performance  featuring growth in  turnover
, a sustained pace of  acquisitions  and an improved profit margin .

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The Group met all its performance targets in terms of margins and business
volumes, cash and order intake. These results confirm the relevance of its
business model and its strong market positioning.

Full-year 2012 :

Pro-forma turnover: €4.217 billion (+4.3%)

Pro-forma EBIT: €242.9 million (+9.8%)

External growth: 11 companies and €169 million acquired

Order book at 31/12/12: €2,563 billion (+7%)

Workforce: 30,200

Consolidated turnover of €4.217 billion, up by 4.3%, reflected the Group's
sustained organic growth (2.1% in France) and, with acquired turnover of €169
million, the pursuit of external growth. The share of turnover generated
outside France continued to grow, reaching 35% in 2012.

EBIT improved for the eighth consecutive year to €242.9 million, up by 9.8%,
for an operating margin of 5.8%. This was one of the profession's best results
in 2012, reflecting the Group's ability to develop on a sustainable basis
without sacrificing its margins, and highlighting its successful positioning
on customers' operating budgets (Opex), which makes for recurring business.

Within the framework of its second LBO, launched in 2011, and following a
successful €375 million bond offering, SPIE is keeping well ahead in its
roadmap. Substantial free cash flow enabled the Group to pay down more debt
than planned, taking its net-debt-to-EBITDA ratio close to 4 for the full

    Pro-forma turnover (EURm)              2011       2012    Increment %

    SRM* France                           2,088      2,171        4.0%
    SRM Europe                              998      1,004        0.6%
    SPIE Nucléaire                          194        200        3.0%
    SPIE Communications                     326        382       17.4%
    SPIE Oil & Gas Services                 437        459        5.0%
    TOTAL                                 4,042      4,217        4.3%

    * Regional multitechnical services

With its four evenly balanced strategic segments, Energies (26%), e-fficient
building (32%), Smart city (25%) and Industry Services (17%), the Group has
made progress despite the crisis in Europe.

Energies : renewable energies (hydropower, biomass, wind, solar, etc.) now
generate recurrent business. The development of these low-carbon energy
sources spread across the Group's territories has led to the reconfiguration
of networks to connect them. The nuclear sector's outlook is positive, mainly
due to post-Fukushima modifications and work to extend the useful life of
nuclear plants.

In international oil and gas markets, SPIE has seen its turnover increase by
5% as the price per barrel climbed to $110. SPIE stepped up its operations in
the Middle East, resulting in new contracts with SATORP in Saudi Arabia in the
fields of support for operations and commissioning, plus the training of 350
operators and technicians in Iraq for Lukoil. In West Africa and Southeast
Asia, growth is ongoing and very strong.

e-fficient building : SPIE's involvement in energy performance in buildings
has led to its presence from the design and construction of low-consumption
buildings to their operation and maintenance, through its facility management
offer. SPIE turned in a satisfactory year thanks to solid returns from such
sectors as communications systems, commercial sector maintenance and the
rehabilitation of collective housing. The development of data centres has also
enabled SPIE to implement the full range of its abilities and know-how in the
fields of electricity, HVAC, IT and communications technologies. SPIE
Communications' acquisition of APX has made it a major facilities management
player in workstations, networks and servers.

Smart city : the 'intelligent' urban planning market has remained healthy
given the growing need for energy efficiency and communications
infrastructures: recharging infrastructures for electric vehicles, public
health facilities, ultra-broadband urban digital networks (FTTH and 4G
mobile), urban videoprotection, intelligent lighting, and more. Four
public-private partnership contracts (PPP) were signed during the year in
public lighting and signalling systems. Also worth noting is the acquisition
of Van der Donk in the Netherlands, strengthening SPIE's position in optical
communications infrastructures.

Industry services : SPIE's expertise and closeness to customers in services to
industry have enabled it to generate solid turnover, in particular in the
fields of pharmaceuticals, cosmetics, aeronautics and agri-food.

Strong points in 2013

Though economic conditions are likely to be difficult again in Europe, SPIE
can rely on the relevance of its strategy and its high-quality workforce to
maintain its course in 2013:

  *The Group is highly active in promising sectors such as energy and
    communications services markets; its order book for 2013 is 10% higher
    than in 2012.
  *The Group's early entry into the green economy enables it to benefit from
    developments in services relating to the convergence of energy management
    with intelligent infrastructures.
  *SPIE intends to pursue a sustained pace of external growth during 2013: it
    has already acquired turnover of more than €100 million since the start of
    the year. Its takeover of Infrastructure Services and Projects (IS&P) from
    telecoms operator KPN has made the Netherlands SPIE's second biggest
    market outside France. The Group's acquisition of Plexal Group in
    Australia enables it to extend its oil services offer to the Asia-Pacific

" I n 2013, SPIE  is set to pursue its  current profitable growth  trend 
and continue  developing in  Northern  Europe .  With support from our 
financi al shareholders, this ambition is  being brought to fruition by our
employees, half of whom  are now  shareholders in the company ," said
Gauthier Louette, Chairman and CEO of SPIE.

Video: http://www.multivu.com/mnr/60649-SPIE-2012-results-targets-met

Contact: Media Contact: SPIE SA : Pascal Omnès, Communications director, Tel.:
+33(0)1-34-22-58-21, pascal.omnes@spie.com
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