Sword Group

Earnings Release • Apr 26, 2022

Press Release Windhof - April 26th, 2022

Sword Group

Results for the First Quarter of 2022 Stable Organic Perimeter Growth (i) +23.8%

(i) excluding acquisitions and disposals

KEY FIGURES

The consolidated revenue for the first quarter of 2022 is €63.6m.

Excluding Sword GRC, a company sold in February, the consolidated revenue is €58.6m.

This figure takes into account one month of Ping Network Solutions, acquired in March 2022, and three months of AiM, acquired in July 2021.

EBITDA margin is 13.4 % representing €8.5m.

Excluding Sword GRC, EBITDA margin is 12.0% or €7.0m.

1ST QUARTER ACCOUNTS

Q1 non audited figures
€m	2022	2021	Consolidated Growth
Revenue	63.6	47.4	+34.2%
EBITDA	8.5	6.5	+30.8%
EBITDA margin	13.4%	13.7%	-

ANALYSIS (at constant exchange rates and constant perimeter)

In the first quarter of 2022, the Group achieved organic growth of +22.6% against a budget of 15%, and profitability of 13.4% against a budget of 13%.

The scope retained after the disposal of Sword GRC is up 23.8% while maintaining a profitability of 12.0%.

It should be noted that on 21 April, the sale of Sword GRC was finalised with the receipt of 90% of the total payment as provided for in the sale agreement.

OUTLOOK FOR 2022

The Group is upgrading its 2021-2024 business plan not only because of the acquisitions made but also because of its outperformance.

The budgeted revenue for 2022 is therefore €248m in consolidated terms. Excluding Sword GRC (one quarter), this figure is €243m.

The press release will be published on the web sites here after: GlobeNewswire 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.

Market Euronext Paris Compartment B ICB 9530 Software & Computer Services ISIN Code FR0004180578 Indices CAC® Small CAC® Mid & Small

CAC® All-Tradable CAC® All-Share

data.

sword-group.com

Sword Group - 2, rue d'Arlon L-8399 Windhof - investorrelations@sword-group.lu

EBITDA Margin:

Consolidated Revenue:

2022 €63.6m 58.6m (ii) 13.4% 12.0% (ii) Organic Growth at constant exchange rates and constant perimeter: +22.6% +23.8% (i) (2) Sword GRC excluded - (1) excluding acquisitions and disposals - non audited figures Dividend Dividend proposed to the Annual General Meeting: €10 gross per sghare Ex-date: April 29th, 2022 Payment date: May 3rd, 2022 The definition of the alternative performance indicators is to be found on page 22 of the 2021 financial report.

Agenda 28/04/22 Annual General Meeting (2021 Accounts)

03/05/22 Dividend Payment

About Sword Group

project management.

28/07/22 2022 Second Quarter Revenue

Sword has 2,300+ IT/Digital & Software 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 software publishing and in complex IT & business

Sword optimises your processes and enhances your