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Sword Group — Earnings Release 2012
Jan 23, 2013
9939_iss_2013-01-23_47fd8304-4510-4241-89c3-a0fd13a9601a.pdf
Earnings Release
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SWORD
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Sword Group
2012 Fourth Quarterly Results
Pro forma Revenue up 13.2%
Pro forma Current Operating Profit up 23.4%
Luxembourg - 23 January 2013,
Quarterly pro forma data:
| €M (1) | Revenue | Current Operating Profit | ||||
|---|---|---|---|---|---|---|
| 2012 | 2011 | Growth | 2012 | 2011 | Growth | |
| Q1 | 26.8 | 23.7 | +13.2% | 4.2 | 3.4 | +25.2% |
| Q2 | 24.2 | 22.2 | +8.6% | 3.2 | 3.6 | -11.6% |
| Q3 | 23.3 | 23.3 | +0.1% | 2.3 | 0.9 | +149.1% |
| Q4 | 25.0 | 22.1 | +13.2% | 3.2 | 2.6 | +23.4% |
| Total | 99.3 | 91.4 | +8.7% | 13.0 | 10.6 | +23.2% |
Consolidated Accounts at 31/12/2012:
| €M | 2012 (1) | 2011 |
|---|---|---|
| Revenue | 117.9 | 156.2 |
| Current Operating Profit | 14.7 | 23.0 |
| Operating Profit | 27.0 | 36.2 |
| Profit For the Year | 16.3 | 26.4 |
(1) non audited figures
ANALYSIS
The 2012 pro forma revenue shows an organic growth rate of 8.7%.
The 2012 consolidated revenue shows a drop in relation to 2011 following the disposal of a "products" subsidiary that was completed on 30 July 2012 and that of an asset on 30 September 2012.
The pro forma current operating profit is up 23.2% compared with 2011.
The consolidated current operating profit includes the €22.4 Million in gross operating income from disposals, transfer fees and provisions for various risks and uncertainties.
The Group's net cashflow has improved by €40.9 Million in 12 months, increasing from €8.4 Million on 1 January 2012 to €49.3 Million on 31 December 2012.
All of Sword's business activities are in line with the Group's standards both in terms of revenue, profitability and the capacity for growth.
The revenue that these activities generate is either highly recurrent (ex: ASP), or underpinned by a very large backlog (ex: European Union).
OUTLOOK
The Group forecasts a growth rate of approximately 5% in 2013 despite potential economic uncertainties thanks to its three areas of organic growth: USA, Middle East and Asia.
Sword Group Q4 2012 (1)
Pro forma Revenue: €25.0M
Consolidated Revenue: €25.0M
Sword Group Year 2012 (1)
Pro forma Revenue: €99.3M
Consolidated Revenue: €117.9M
(1) non audited figures
Investor Relations
Sword Group
1,006 staff (31/12/2012)
Euronext Paris - Compartment C
ISIN Code: FR0004180578
ICB: 9530 Software & Computer Services
Indices CAC® Small
CAC® Mid & Small
CAC® All-Tradable
CAC® All-Share
© Sword Group SE
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 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.