SWP Sword Group

Sword Group: Results for the Fourth Quarter of 2023

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

KEY FIGURESFourth-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
€m	2023	2022 (2)	Organic Growth (1)
Revenue	71.5	72.3	+12.6 %
EBITDA	8.5	9.6	-
EBITDA Margin	12.0%	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
€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%	-

(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.

OUTLOOKThe 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.

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

Upcoming dates07/03/242023 Annual Results Presentation Meeting 10am | Paris

25/04/24

Publication of Q1 Revenue 2024Sword GroupSword 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.luEBITDA 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

20232023  AAA excluded2022 (2)Organic Growth (1)

Reveue

288.1281.6265.7+19.0 %EBITDA

34.834.533.1-EBITDA Margin

12.1%12.3%12.5%-

Attachment

• SwordGroup_Results Q42023 FV