Sword Group — Earnings Release 2024

Jan 23, 2025

Press Release
Windhof - 23 January 2025
SWORD
UPGRADE TECH BUSINESS

Sword Group | Results for the fourth quarter 2024

Consolidated Revenue: €84.4m

Organic Growth: +17.1% (i)

EBITDA Margin: 12.0%

Net cash position up by +€20m (ii)

Record increase in backlog: +€78m

Successful transition to Artificial Intelligence

(i) on a like-for-like basis - (ii) excluding IFRS 16 & including treasury shares

KEY FIGURES

For the 4th quarter of 2024, consolidated revenue is €84.4m and EBITDA margin is 12.0%, or €10.1m.

At 31 December 2024, consolidated revenue is €323.0m and EBITDA margin is 12.0%, or €38.8m.

Net cash (excluding IFRS 16 and including treasury shares) increased from €2.2m at 30/09/2024 to €17.8m at 31 December 2024.

Q4 2024 ACCOUNTS

Q4	non audited figures
€m	2024
Revenue	84.4
EBITDA	10.1
EBITDA Margin	12.0%

Organic growth on a like-for-like basis in the 4th quarter is +17.1%.

2024 ANNUAL ACCOUNTS

Année	non audited figures
€m	2024
Revenue	323.0
EBITDA	38.8
EBITDA Margin	12.0%

Like-for-like organic growth for 2024 is +15.9%.[...]

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	Sword Group
Euronext Paris	Software & Computer Services	FR0004180578	CAC® Small	CAE® All-Tradable EN TECH Leaders
Compartment B			CAC® Mid & Small

31 Agenda

24/02/25

2024 Annual Results Presentation meeting
10am | Paris

24/04/25

Publication of
Q1 2025 Revenue

Sword Group

Sword has 3,200+ IT/Digital specialists active in 50+ countries 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.

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

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2/3
SWORD
SPONSOR, TODAY & BUSINESS

ANALYSIS

The 4th quarter of 2024 was characterised by solid results, with sustained performances in terms of growth, profitability, cash flow and an increase in the backlog.

Cash generation was strong in the final quarter of 2024, rising from -€2.2m at 30/09/2024 to €17.8m at 31 December 2024 (these figures include treasury shares). Net cash has increased by €20m in 3 months.

Between 30 September and 31 December, the backlog increased significantly by €78.4m, providing visibility equivalent to 21 months of the forecast budget for 2025.

31 Agenda

12/01/25
2024 Annual Results Presentation meeting
10am | Paris

14/04/25
Publication of
Q1 2025 Revenue

DEVELOPMENT OF OUR AI STRATEGY

At the beginning of 2024, Sword had 3 strategic axes with regard to Artificial Intelligence:

1. Increase productivity for its development activities

The first objective has now been achieved on our Barcelona and Glasgow platforms, and is currently being implemented on our Athens and Geneva platforms.

At the end of this phase, we will be using the software components produced to meet this objective in all our units.

Today, in the development phase, we are targeting a 15% increase in productivity.

1. Developing marketable expertise for our customers

In partnership with leading software publishers, Sword's teams have developed a range of offerings for key sectors: Energy, Health, Sport and Governments.

1. Direct use of AI technologies in our internal management

We have created a structure, mentioned in the new organisation chart, which includes:

• A CAIO, in charge of Artificial Intelligence,
• A CISO, in charge of Security,
• A CSO, in charge of Sustainability,
• An IEO, in charge of Efficiency.

We now have an objective to improve our internal management based on AI, which will be completed during 2025.

Our advances in the field of Artificial Intelligence will be the subject of a detailed presentation at the SFA meeting.

[...]

Sword Group

Sword has 3,200+ IT/Digital specialists active in 50+ countries 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.

Glossary

CAIO Chief Artificial Intelligence Officer
CISO Chief Information Security Officer
CSO Chief Sustainability Officer
IEO Internal Efficiency Officer

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	sword-group.com
Euronext Paris	Software & Computer Services	FR0004180578	CAC® Small	CAC® All-Tradable
Compartment B			CAC® Mid & Small	EN TECH Leaders

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

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SWORD

SPORADL TDCK BUSINESS

OUTLOOK

The Group confirms its 2028 Business Plan including:

Growth based on:

• Double-digit organic growth,
• Targeted micro-acquisitions,
• Acquisitions on a larger scale.

New strategic challenges in 3 areas:

• Artificial intelligence,
• Cybersecurity,
• Sustainability.

A programme dedicated to optimising internal management.

AGENDA

The annual financial meeting to present the Results 2024 and Outlook 2025 and beyond will be held on 12 March in Paris.

Register

31

Agenda

12/01/25

2024 Annual Results Presentation meeting

10am | Paris

26/06/25

Publication of

Q1 2025 Revenue

30

Sword Group

Sword has 3,200+ IT/Digital specialists active in 50+ countries 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	ICB 9530	ISIN Code	Indices	sword-group.com
Euronext Paris
Compartment B	Software & Computer Services	FR0004180578	CAC® Small
CAC® Mid & Small	CAC® All-Tradable EN TECH Leaders

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

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