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Sword Group — Earnings Release 2013
Oct 23, 2013
9939_iss_2013-10-23_bcfee34f-05f6-426f-bbe4-729156db8be8.pdf
Earnings Release
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SWORD
UPGRADE YOUR BUSINESS
Sword Group
2013 Third Quarterly Results
Organic growth in line with the objectives
Outperformance in terms of the current operating margin
Luxembourg - 23 October 2013,
| €K | Revenue* (i) | Current Operating Income* (i) | ||||
|---|---|---|---|---|---|---|
| 2013 | 2012 | Growth | 2013 | 2012 | Growth | |
| Q1 | 26,106 | 26,827 | -2.7 % | 3,550 | 4,244 | -16.4 % |
| Q2 | 24,985 | 24,196 | +3.3 % | 3,189 | 3,000 | +6.3 % |
| Q3 | 24,503 | 23,342 | +5.0 % | 2,770 | 2,356 | +17.6 % |
- On a like-for-like basis
(i) Non audited figures
ANALYSIS
On a like-for-like basis:
- Revenue growth has increased from one quarter to the next, reaching 5% in the third quarter,
- The current operating income is up 17.6%.
During this quarter Sword:
1/ Acquired 100% of Active Risk and 40% of Simalaya. These two companies were respectively consolidated in the Group's accounts on 1 September and 1 October,
2/ Disposed of its holding in the company Amor Group, generating an exceptional gross profit of £10 million.
The net cash at the end of September amounts to €35 million.
OUTLOOK
The Group will pursue its acquisitions strategy by targeting:
1/ Software companies that operate in fields that are related to those already covered by Sword to date,
2/ Small Services companies with a strategic technological or geographic positioning,
3/ A company of a substantial size in order to achieve a proforma revenue of approximately €200 Million by the end of 2015.
The backlog at the end of September amounts to 26 months, fully in line with the Group's growth objectives.
The current revenue trend (FY acquisitions included) is approximately €119M.
Sword Group Q3 2013 (i)
On a like-for-like basis*
Revenue: €24.5M
Current Operating Income: €2.8M
Revenue Growth of 5 %
Current Operating Income Growth of 17.6 %
Consolidated
Revenue: €25.2M
Current Operating Income: €2.9M
(i) Non audited figures
Investor Relations
Sword Group
1 202 staff (October 1st)
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
2, rue d'Arlon
L-8399 Windhof
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.
SWORD
UPGRADE YOUR BUSINESS
CONSOLIDATED ACCOUNTS TO THE END OF SEPTEMBER
| €K | 2013 (i) | 2012 (i) |
|---|---|---|
| Revenue | 76,306 | 92,929 |
| Current operating income | 9,611 | 11,527 |
| Operating income | 18,566 | 27,426 |
| Net cost of financial debt | 165 | 118 |
| Income before tax | 17,769 | 21,671 |
| Net consolidated income | 15,834 | 17,660 |
(i) Non audited figures
Sword Group Q3 2013 (i)
On a like-for-like basis*
Revenue: €24.5M
Current Operating Income: €2.8M
Revenue Growth of 5 %
Current Operating Income Growth of 17.6 %
Consolidated
Revenue: €25.2M
Current Operating Income: €2.9M
(i) Non audited figures
Investor Relations
Sword Group
1 202 staff (October 1st)
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
2, rue d'Arlon
L-8399 Windhof
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.