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Sword Group — Earnings Release 2012
Oct 23, 2012
9939_iss_2012-10-23_bee381d8-a120-4159-9a30-3f5c79da18f8.pdf
Earnings Release
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SWORD
UPGRADE YOUR BUSINESS
Sword Group 2012 Third Quarterly Results
Proforma Revenue up 7.3% Current Operating Profit up 88.3%
Luxembourg - 23 October 2012,
The quarterly pro forma data is as follows:
| €K | Revenue (1) | Current Operating Profit (1) | ||||
|---|---|---|---|---|---|---|
| 2012 | 2011 | Growth | 2012 | 2011 | Growth | |
| Q1 | 27,327 | 24,381 | +12.08% | 4,082 | 3,396 | +20.20% |
| Q2 | 24,696 | 22,951 | +7.60% | 3,038 | 3,628 | -16.26% |
| Q3 | 23,842 | 22,216 | +7.32% | 1,794 | 953 | +88.25% |
| Total | 75,865 | 69,548 | +9.08% | 8,914 | 7,977 | +11.75% |
ANALYSIS
The third quarter is in line with the budget, both in terms of revenue and current operating profit.
By pro forma we mean the scope not including the disposal of Ciboodle that was completed in July 2012.
The net cash at the end of September amounts to €48 Million.
OUTLOOK
In 2012, the annual pro forma revenue will show a growth rate of between 6 and 7% for the full year. The operating profit will increase by over 12%.
The pro forma backlog will amount to €228 Million, in other words 27.4 months. It remains stable in relation to June 2012.
Sword has strengthened financial resources that enable to envisage acquisitions in a selective manner as of 2013 in order to maintain the coherence of the Group's product and service offering.
CONSOLIDATED ACCOUNTS AT THE END OF SEPTEMBER:
| €K | 2012 (1) | 2011 (1) |
|---|---|---|
| Revenue | 92,929 | 124,420 |
| Current Operating Profit | 11,527 | 18,275 |
| Operating Profit | 27,426 | 37,917 |
(1) non audited figures
Sword Group Q3 2012 (1)
Pro forma Revenue: €23.8M
Consolidated Revenue: €26.0M
Strong Backlog
Sword Group YTD (1)
Pro forma Revenue: €75.9M
Consolidated Revenue: €92.9M
(1) non audited figures
Investor Relations
Sword Group
971 staff (30/09/2012)
Euronext Paris - Compartment C (Mid Caps)
ISIN Code: FR0004180578
ICB: 9530 Software & Computer Services
Indices CAC® Small
CAC® Mid & Small
CAC® All-Tradable
CAC® All-Share
© Sword Group
105, route d'Arlon
L-8009 Strassen
NYSE Euronext
SWP LISTED NYSE EURONEXT
The press release will be published on the web sites here after: Thomson Reuters, Boursorama and Sword Group. It was also sent to the "Commission de Surveillance du Secteur Financier (CSSF)" and saved on the Luxembourg Stock Exchange's web site.