Sword Group — Earnings Release 2023

Jul 20, 2023

Press Release

Windhof - 20 July 2023

SWORD

UPGRADE YOUR BUSINESS

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
Revenue	146.1
EBITDA	17.8
EBITDA margin	12.2%

[...]

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.

Agenda

07/07/23
2023 Half Year Presentation Meeting,
10am, Paris

Registration

25/10/23
2023 Third Quarter Revenue

Sword Group

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.

Market	ICB 9530	ISIN Code	Indices	sword-group.com
Euronext Paris	Software & Computer Services	FR0004180578	CAC® Small	CAC® All-Tradable
Compartment B			CAC® Mid & Small	CAC® All-Share

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

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ANALYSIS

AAA

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,
2. 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

Sword Group

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.

| 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 | sword-group.com |
| --- | --- | --- | --- | --- | --- |

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

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SWP

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