Sword Group — Earnings Release 2023

Mar 6, 2024

Press Release
Windhof - March 6th, 2024
SWORD
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Sword Group | Confirmation of 2023 Annual Performance

Reassessment of organic growth outlook 2024 - 2028

Consolidated Revenue: €281.6m (i)

Organic Growth: +19% (i)

EBITDA Margin: 12.3% (i)

(i) on a like-for-like basis and at constant exchange rates (excluding AAA)

ANALYSIS

Our organic growth for 2023 exceeded our budget forecasts by four percentage points, a significant result which reflects our dynamic expansion. Initially projected at 15%, our organic growth reached 19% (i).

During the second half of the year, our cash collection was particularly strong. Taking into account our portfolio of treasury shares, our cash position increased significantly, from €15.8 million at 30 June 2023 to €32.6 million at 31 December 2023.

2023 ACCOUNTS

Year	non audited figures
€m	2023
Revenue	288.1
EBITDA	34.8
EBITDA Margin	12.1%

(i) on a like-for-like basis and at constant exchange rates (excluding AAA)
(ii) includes AAA's 2022 revenue. AAA was deconsolidated on 01/06/2023.

OUTLOOK

Our revised business plan for 2024-2028 forecasts annual organic growth of around 15%, with stable profitability of close to 12%.

We will be presenting a detailed strategic plan at our SFAF meeting on 7 March in Paris. Based on these projections, we expect to achieve revenue in excess of €320 million by 2024, continuing our organic growth dynamic.

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	ICB 9530	ISIN Code	Indices	EN TECH Leaders	sword-group.com
Euronext Paris	Software & Computer Services	FR0004180578	CAC® All-Shares	CAC® Technology
Compartment B
Consolidated Revenue excluding AAA
€281.6m	EBITDA Margin
(Excluding AAA)
12.3%
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2023
Organic Growth
on a like-for-like basis and at constant exchange rates (excluding AAA)
+19.0%
Non audited figures
The definition of the alternative performance indicators can be found on page 14 of the 2022 Financial Report
i
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Dividend
Dividend proposed to the Annual General Meeting: €1.7 per share
i31
Agenda
22/04/24
2024 First Quarter Revenue
29/04/24
Annual Shareholders Meeting
2023 Accounts
i
Sword Group
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Sword Group - 2, rue d'Arlon L-8399 Windhof - investorrelations@sword-group.lu