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Spie rises on Q3 growth beat

By Reuters News

** Shares in Spie SPIE.PA are up around 2% after the company's Q3 organic growth came in above expectations

** The French multi-technical services company post revenue at €2.89 billion ($3.24 billion), an organic growth of 4.7%, beating consensus of 3.5%

** "Outperformance on organic has been driven by NW Europe (+12.5% vs consensus 6.3%) where High Voltage activity accelerated significantly," says JPMorgan in a note

** Both Jefferies and RBC describe the update as reassuring, noting improving growth and France showing signs of recovery despite still challenging conditions

** Including the session's gains, the stock is down 8.5% YTD



($1 = 0.8930 euros)

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