Sword Group : 2022 Fourth Quarterly Results
25 Janvier 2023 - 6:00PM
Sword Group : 2022 Fourth Quarterly Results
Sword Group | 2022 Fourth Quarterly
Results
Performance above
budgetOrganic
Growth: +29.5%
(i)EBITDA
Margin:
13.2%
(i) +26.4% at
constant exchange
rates.
RESULTS
4TH QUARTER
|
Q4
(ii) |
€m |
2022 |
2021 |
Revenue |
72.3 |
59.7 |
EBITDA |
9.6 |
9.0 |
EBITDA Margin |
13.2% |
15.0% |
(ii) non audited figures
Organic Growth on a like-for-like basis:
+29.5%
Organic Growth on a
like-for-like basis and at constant exchange
rates:
+26.4%
YEAR 2022
- Consolidated Revenue:
€272.3m
- Organic Growth at constant exchange rates:
+28.5%
(iii)
- EBITDA Margin: 12.9%
(iii) on a like-for-like basis and at constant exchange rates:
+26.3%
ANALYSIS
The revenue for the
fourth quarter of
2022 amounts to
€72.3m in
consolidated terms.
For the
quarter, the EBITDA
margin amounts to
13.2%, above our
standard profitability of
12%. The 2021 profitability of
15% was achieved by the software part (Sword GRC), while the
profitability of the services part was 12.3%.
Organic growth for the quarter amounts to
+29.5% and +26.4% at constant exchange
rates.
All of our businesses
outperformed and we
benefit from being
positioned in growth
markets, where investment in digital is crucial.
For the year
2022,
consolidated revenue is
€272.3m, with an
EBITDA margin of 12.9%.
Organic growth for the year
amounts to +28.5% on a like-for-like
basis and
+26.3% on a like-for-like basis
and at constant exchange
rates.
The revenue of €272.3m
includes a part of the Sword GRC
revenue sold in April 2022, without this
activity the revenue is €265.7m.
This figure represents the baseline for the year
2023.
The net cash position,
excluding IFRS, amounts to €38.7m
at 31/12/2022.
However, it is necessary to consider the
deferred payment of the sale of Sword GRC of
€11.3m, the receipt of which has
been deferred to 04/01/2023.
The net cash position,
excluding IFRS, at the beginning of the
year is consequently €50m.
OUTLOOK FOR 2023
The Group will continue to
pursue an ambitious organic growth policy while
maintaining stable profitability.
The 2023 budget has been drawn
up accordingly and therefore foresees an organic
growth of 15%.
This growth rate takes into
account:
- The objective of
consolidating the Group’s
positions after this year of exceptional
growth,
- The economic and geopolitical
risks of
2023.
In parallel, the Group will focus
on:
- Targeting small-scale
acquisitions if they provide a complementary
positioning,
- Identifying projects likely
to boost growth in 2023 and
especially 2024 and 2025
Sword Group
Sword has
2,700+ 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 a solid reputation in
software publishing and in
complex IT&
business project management. Sword
optimises your
processes and enhances your
data.
Agenda
09/03/23FY2022
Annual Results Presentation
Meeting -
Paris - 10:00 am (CET) |
Registration
26/04/23 2023
First Quarter Revenue
Contact: investorrelations@sword-group.lu
- SwordGroup_Q4 2022 Results FV 24012023
Sword (EU:SWP)
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