Sword Group

Report Publication Announcement • Jan 25, 2024

Press release Windhof - 25 January 2024

FY2023

2023 Annual Results Presentation Meeting

The definition of the alternative performance indicators can be found on page 14 of the 2022 Financial Report.

Publication of Q1 2024 Results

Sword has 3,000+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital

As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project

Sword optimises your processes and

on a like-for-like basis and at constant

Organic Growth

exchange rates +19.0%

EBTDA Margin AAA axcluded 12.3%

Consolidated Revenue AAA excluded €281.6m

Non audited Figures

Agenda 07/03/24

10am | Paris

Sword Group

management.

enhances your data.

age.

25/04/24

Sword Group | Results for the Fourth Quarter of 2023

Consolidated Revenue: €71.5m Organic Growth: +12.6 % (i) EBITDA Margin: 12.0 %

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

KEY FIGURES

Fourth-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 (ii)	Organic Growth (i)
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 (ii)	Organic Growth (i)
Revenue	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.

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

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.

OUTLOOK

The 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.

AGENDA

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

Agenda

07/03/24 2023 Annual Results Presentation Meeting 10am | Paris

25/04/24 Publication of Q1 2024 Results

Sword Group

Sword has 3,000+ IT/Digital specialists active in 50+ countries 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.

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.