Sword Group: Results for the First Quarter of 2020
23 Avril 2020 - 7:19PM
Sword Group: Results for the First Quarter of 2020
Consolidated Revenue: €57.1 mConsolidated Growth: +13.1%Organic
Growth at constant perimeter: +10.3%Profitability (EBITDA margin):
11.9%
ANALYSIS10.3% organic growth for the first quarter of 2020 on a
like-for-like basis. It is divided up as follows:- Software : -
8.4%- Services : + 12.8%
The Software division shows a drop, mainly due to the
postponement of licence revenue that was budgeted in the first
quarter.
The Services division is suffering from the effects of the
Coronavirus crisis, mainly due to:- a drop in productivity linked
to the new working organisation,- the cessation of the projects
related to events management with the European Union.
2020 OUTLOOK
Without the Coronavirus crisis, Sword Group planned organic
growth of 12% associated with an EBITDA margin of 13% +.
The Group envisages two time periods for 2020, with this
scenario naturally having to be put into perspective taking into
account the different hypotheses presented by our health
authorities:
1. Hard confinement period that we are currently experiencing
throughout the world:For Software, continuation of the risk of
postponement of licence orders,For Services, additional risk of
production reduction linked to the postponement of certain projects
that will have to be completed when confinement ends.
2. Post-confinement period: during this period there will be:A
recovery period of several weeks in order to return to normal,At
the end of this period, we could envisage outperformance of
Software thanks to strong growth in licence revenue.
- UK SwordGroup_ Q1 Results 2020 FV
Sword (EU:SWP)
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