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SPIE Press release Quarterly information at March 31st , 2021 A solid quarter : return to organic revenue growth , EBITA margin at pre Covid - 19 level Cergy , April 30th , 2021 Q1 2021 results confirming a good momentum - Q1 revenue : € 1,611 million , up + 1.4 % on an organic basis ( + 0.2 % on a reported basis ) compared to a robust Q1 2020 barely affected by the Covid - 19 crisis Q1 revenue higher than in Q1 2019R¹ by + 1.1 % on an organic basis ( + 2.9 % on a reported basis ) Strong rebound in France and continued robust organic growth in Germany , with Q1 organic growth at or above + 4.0 % in both countries Q1 EBITA at € 59.7 million , up + 2.5 % year - on - year EBITA margin at 3.7 % , higher than Q1 2020R¹ margin ( 3.6 % ) and equal to that of Q1 2019 Strengthening optic fibre networks capabilities in Germany & Central Europe with two bolt - on acquisitions Wirliebenkabel : a German specialist in optic fibre broadband network roll - out with 130 employees and € 25 million annual revenue KEM Montage : the Austrian market leader in telecommunication infrastructure installation and maintenance with 190 employees and € 30 million annual revenue Full - year outlook unchanged - Strong rebound in revenue and EBITA margin , both expected very close to 2019 levels Bolt - on acquisitions : total full - year revenue to be acquired in 2021 in the order of € 200m Further reduction in leverage ratio² In millions of euros ( unaudited ) Revenue Q1 2021 Q1 2020R1 1,610.8 Change Q1 2019R1 1,607.4 + 0.2 % 1,565.1 Organic growth + 1.4 % -0.2 % + 3.3 % EBITA 59.7 58.2 + 2.5 % 57.1 EBITA margin 3.7 % 3.6 % 3.7 % 1 Restated to include the contribution of SPIE UK's schools facility management activity , reintegrated into the continued perimeter in June 2020 ( previously under a divesture process ) 2 Ratio of net debt at end December to pro forma EBITDA for the full year , excluding the impact of IFRS 16 1