Sword Group: Results for the Third Quarter of 2020
22 Octobre 2020 - 7:30PM
Sword Group: Results for the Third Quarter of 2020
Financial Press Release
Windhof - October 22nd, 2020
Sword Group | Results for the Third Quarter of
2020
Consolidated Revenue:
€55.1m
Organic Growth: +8.1%
EBITDA Margin: 13.1%
RESULTS
2020 THIRD QUARTER ACCOUNTS
Q3 |
€m |
2020 (1) |
2019 |
Revenue |
55.1 |
52.6 |
EBITDA |
7.2 |
6.9 |
EBITDA margin |
13.1% |
13.1% |
Organic growth: +8.1%
Organic growth for the quarter
as calculated on the new
perimeter (outside France) amounts to
+12.8%.
30 SEPTEMBER 2020
Consolidated Revenue:
€167.2mOrganic Growth:
+6.7%EBITDA margin:
13.1%
ACCOUNTS AS OF SEPTEMBER 30, 2020
YTD SEPTEMBER 30 |
€m |
2020 (1) |
2019 |
Revenue |
167.2 |
156.7 |
EBITDA |
21.9 |
20.8 |
EBITDA margin |
13.1% |
13.3% |
Organic growth: +6.7%
YTD organic growth (30/09) as
calculated on the new perimeter
(outside France) amounts to
+8.8%.
(1) non audited figures
ANALYSIS
In cumulative terms at the end of September
(YTD), organic
growth of the new
scopeamounts to
+8.8%, and is distributed as
follows:
- Software: -9.3%
- Services : +11.3%
The Software
division has
declined, mainly due to the
postponement of the
licenses revenue that had been
budgeted for the period, but the
decline has
slowed down in Q3, especially in
the new perimeter outside France (-5.9% in Q3 vs. -9.3% YTD).
The Services
division has reacted to the crisis in
different ways depending on
the country.
Three
countries have more especially stood out:
-BeLux,
which made up its backlog by the end of June in just one quarter,
particularly thanks to the recovery in Tipik’s business (+20.6% in
Q3 vs. +6.6% YTD),
-The United
Kingdom, which has continued to outperform in
terms of growth over the quarter (+14.7 % in Q3 vs +17.5 %
YTD),
-Switzerland,
which has returned to double-digit growth (+13.5% in Q3 vs. +8.9%
YTD).
OUTLOOK FOR 2020
Sword Group
now expects organic growth of
over 8% outside France (versus
12% budgeted) combined with an EBITDA
margin of 13%
(unchanged from the initial budget).
Sword has 1,900+ IT/Digital & Software
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 since 2000
acquired a solid reputation in software publishing and in complex
IT & business project management.Sword optimises your processes
and enhances your data.
- SwordGroup_Q3 2020 Results FV 221020
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