• Sword Group: Results for the Third Quarter of 2023

    Source: Nasdaq GlobeNewswire / 26 Oct 2023 03:08:03   America/Chicago


    Sword Group | Results for the Third Quarter of 2023

    Consolidated Revenue: €70.6m

    Organic Growth: +16.0 % (i)

    EBITDA Margin: 12.1 %

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


    KEY FIGURES
    For the third quarter of 2023, consolidated revenue is €70.6m and EBITDA margin is 12.1%, or €8.5m.
    At 30 September, consolidated revenue is €216.7m, with an EBITDA margin of 12.1%, or €26.3m. Revenue excluding AAA is €210.2m, and profitability is 12.4%.

    Q3 2023 ACCOUNTS

    Q3 | non audited Figures

    €m20232022Organic Growth
    (i)
    Revenue70.667.9+16.0%
    EBITDA8.58.3-
    EBITDA Margin12.1%12.2%-

     ACCOUNTS AS AT 30 SEPTEMBER 2023

     YTD | Non audited Figures

    €m20232023 AAA
    excluded    		2022Organic Growth (i)
    Revenue216.7210.2193.4+21.4%
    EBITDA26.326.023.6-
    EBITDA Margin12.1%12.4%12.2%-

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

    ANALYSIS
    The quarter’s performance is better than budgeted, as it is a perfect continuation of the previous quarters, apart from the ups and downs of paid holidays.

    OUTLOOK
    Excluding AAA, 2023 full-year revenue will be higher than the annual target of €280 million, closer to €282 million.
    On this basis, organic growth for the year will exceed 18% and therefore significantly above budget.
    As already mentioned during our last meeting, the Business Plan for the next 3 years forecasts organic growth of between 13% and 15%.

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

    Agenda

    25/01/24


    Publication of Q4 Revenue 2023



    07/03/24

    2023 Annual Results Presentation Meeting 10am | Paris



    Sword Group

    Sword has 2,900+ 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

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