Sword Group

Report Publication Announcement • Jul 20, 2023

Press Release Windhof - 20 July 2023

H1 2023

on a like-for-like basis and at constant exchange rates: +24.3%

Organic Growth

2023 Half Year Presentation Meeting,

Sword has 2,800+ IT/Digital specialists present over 5 continents to accompany you in the growth of your organisation in

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

Sword optimises your processes and

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

2023 Third Quarter Revenue

EBITDA margin 12.2%

Consolidated Revenue €146.1m

Non audited Figures

Agenda 07/09/23

10am, Paris Registration 25/10/23

Sword Group

the digital age.

project management.

enhances your data.

Sword Group | Results for the Second Quarter of 2023

Consolidated Revenue: €74.1m Organic Growth: +21.8% (1) EBITDA Margin: 12.3%

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

KEY FIGURES

For the 2nd quarter of 2023:

Consolidated Revenue is €74.1m,

Organic Growth is +21.8% at constant scope and exchange rates, 6.8 percentage points more than the budget,

Profitability is €9.1m, 12.3% EBITDA margin, 0.3 percentage point more than the budget.

For the 1st half of 2023:

Consolidated Revenue is €146.1m,

Organic growth is +24.3% at constant scope and exchange rates, 9.3 percentage points than the budget,

Profitability is €17.8m, 12.2 % EBITDA margin, 0.2 percentage point than the budget.

H1 2023 ACCOUNTS

H1 non audited Figures
€m	2023	2023 AAA excluded	2022
Revenue	146.1	139.6	132.0
EBITDA	17.8	17.4	17.2
EBITDA margin	12.2%	12.5%	13.0%

[...]

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

AAA

2

AAA, a Group subsidiary in Scotland, specialised in recrutment, was deconsolidated from the operating account on 1 June 2023 to enable Sword to focus on its long term core businesses.

Consolidated revenue for the 2nd quarter comes to €74.1m. Excluding AAA, consolidated Revenue is €71.7m.

Consolidated revenue for the first half comes to €146.1m. Without AAA, it is € 139.6m.

Consolidated profitability (EBITDA margin) for the 2nd quarter is 12.3%. This is up to 12.5% without AAA.

Consolidated half-year profitability is 12.2%. It is 12.5% without AAA.

Outperforming organic growth

This outperformance is based on two criteria:

• 1. Constant growth in the revenue of our historical customers,
• 1. The increase in certain non-budgeted accelerators, such as new initiatives with the United Nations.

OUTLOOK

Without AAA, the 2023 revenue objective is €280m and the associated profitability goal is 12.5%, while financing the creation of 2 Business Units specialised in AI (one in Barcelona, one in Glasgow) for €1.2m.

AGENDA

To find out more about Sword's strategic plan for 2024 and beyond, join us at the financial meeting on 7 September in Paris Register here

Agenda
07/09/23
2023 Half Year Presentation Meeting,
10am, Paris
Registration
25/10/23
2023 Third Quarter Revenue

Sword has 2,800+ 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.

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