Sword Group

Earnings Release • Apr 25, 2024

Press Release Windhof - April 25th, 2024

Q1 2024

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

The definition of the alternative performance indicators can be

Dividend proposed to the Annual General

Organic Growth

found on page 15 of the 2023 Financial Report

+ 16.8%

Annual Shareholders Meeting

2024 Second Quarter Revenue

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Non audited figures

Agenda 29/04/24

Dividend

Meeting: €1.7 per share

2023 Accounts

Sword Group

management.

enhances your data.

18/07/24

age.

EBITDA Margin 12.0%

Consolidated Revenue

€75.8m

Sword Group | Results for the First Quarter of 2024

Consolidated Revenue: €75.8m (i) Organic Growth: +16.8% (i) EBITDA Margin: 12.0%

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

KEY FIGURES

The consolidated revenue for the first quarter of 2024 is €75.8m, up 16.8% at constant scope and exchange rates.

Profitability (EBITDA margin) is 12.0% or €9.1m.

Q1 2024 ACCOUNTS

Q1 non audited figures
€m	2024	2023 (iI)	Organic Growth (i)
Revenue	75.8	72.0	+16.8%
EBITDA	9.1	8.6	-
EBITDA Margin	12.0%	12.0%	-

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

(ii) includes AAA's 2023 revenue. AAA was deconsolidated on 01/06/2023.

ANALYSIS

The comparison of revenue for the first quarter 2023 and the first quarter 2024 must take into account the fact that in the first quarter 2023 we were still consolidating AAA, which was sold and therefore deconsolidated on 1 June 2023.

If we analyse this growth on a like-for-like basis, it is higher than the budgeted 15%.

In Terms of profitability, we remain at our 'normative' profitability of 12%.

OUTLOOK 2024

We can confirm our 2024 budget.

OUTLOOK 2028

2024 is an important year for Sword as we plan to outperform the organic growth forecasted in the Business Plan over the following 4 years, thanks to:

• Growth accelerators, some of which are still being studied,
• Micro-acquisitions, which themselves generate organic growth for the Group's other entities.

We confirm our Business Plan 2028.

The press release will be published on the web sites here after: GlobeNewswire/Notified and Sword Group. It was also sent to the "Commission de Surveillance du Secteur Financier (CSSF)" and saved on the Luxembourg Stock Exchange's website.

Sword Group - 2, rue d'Arlon L-8399 Windhof - investorrelations@sword-group.lu