• Sword Group: Results for the Fourth Quarter of 2023

    Source: Nasdaq GlobeNewswire / 25 Jan 2024 01:30:00   America/New_York

    Consolidated Revenue: €71.5m
    Organic Growth: +12.6 % (i)
    EBITDA Margin: 12.0 %
    (i) on a like-for-like basis and at constant exchange rates

    KEY FIGURES
    Fourth-quarter 2023 revenue comes to €71.5m, with a consolidated profitability (EBITDA margin) of 12.0%, or €8.5m.
    At 31 December, consolidated revenue comes to €288.1m, with a consolidated profitability (EBITDA margin) of 12.1%, or €34.8m. Revenue excluding AAA is €281.6m and profitability is 12.3%.
    The net cash position including treasury shares, excluding IFRS, is €32.6m at 31/12/2023.

    Q4 2023 ACCOUNTS 

     Q4 | NON AUDITED FIGURES

     
    €m20232022 (2)Organic Growth (1)


     
    Revenue
    		71.5
    		72.3
    		+12.6 %
    EBITDA8.5
    		9.6-
    EBITDA Margin12.0%13.2%-

    (i) on a like-for-like basis and at constant exchange rates
    (ii) includes AAA’s 2022 revenue. AAA was deconsolidated on 01/06/2023.

    2023 ANNUAL ACCOUNTS

     YEAR | NON AUDITED FIGURES

     
    €m20232023  AAA excluded2022 (2)Organic Growth (1)


     
    Reveue
    		288.1281.6265.7+19.0%
    EBITDA34.834.533.1-
    EBITDA Margin12.1%12.3%12.5%-

    (i) on a like-for-like basis and at constant exchange rates
    (ii) includes AAA’s 2022 revenue. AAA was deconsolidated on 01/06/2023.

    ANALYSIS

    The 4th quarter performance is in line with our budget, which takes the following factors into account:
    - Anticipated sustainable growth between 13% and 15% a year until 2028,
    - Start of major contracts in Switzerland and in BeLux.

    The 2023 performance is better than the annual budget, which anticipated 15% rather than 19% organic growth.

    Cash collection was strong in the 2nd half of the year.
    Including treasury shares, we have gone from €15.8m at 30/06/2023 to €32.6m at 31 December 2023.

    OUTLOOK
    The 2024-2028 Business Plan, which forecasts constant profitability and growth in excess of 13% a year, has been the subject of a strategic plan which will be presented at the annual meeting (SFAF meeting) on 7 March in Paris.

    As a result, the Group is forecasting annual revenue in excess of €316m in 2024, excluding acquisitions.

    AGENDA
    Join us for the Annual Financial Meeting on 7 March in Paris: Register here.

    Upcoming dates
    07/03/24
    2023 Annual Results Presentation Meeting 10am | Paris

    25/04/24

    Publication of Q1 Revenue 2024


    Sword Group

    Sword has 3,000+ IT/Digital specialists present over 5 continents to accompany you in the growth of your organisation in the digital age.

    As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.

    Sword optimises your processes and enhances your data.

    Contact:  investorrelations@sword-group.lu


    EBITDA Margin 12.1% 12.3% 12.5% -

    (i) on a like-for-like basis and at constant exchange rates

    (ii) includes AAA’s 2022 revenue. AAA was deconsolidated on 01/06/2023.

    YEAR | NON AUDITED FIGURES

    €m

    2023
    2023  AAA excluded
    2022 (2)
    Organic Growth (1)

    Reveue

    288.1
    281.6
    265.7
    +19.0 %
    EBITDA

    34.8
    34.5
    33.1
    -
    EBITDA Margin

    12.1%
    12.3%
    12.5%
    -


    Attachment


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