Sword Group | Results for the Second Quarter of 2023
Consolidated R evenue: EUR74.1m
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 EUR74.1m,
- Organic Growth is +21.8% at constant scope and exchange rates, 6.8 percentage
points more than the budget,
- Profitability is EUR9.1m, 12.3% EBITDA margin, 0.3 percentage point more than
the budget.
For the 1st half of 2023:
- Consolidated Revenue is EUR146.1m,
- Organic growth is +24.3% at constant scope and exchange rates, 9.3 percentage
points than the budget,
- Profitability is EUR17.8m, 12.2 % EBITDA margin, 0.2 percentage point than the
budget.
H1 2023 ACCOUNTS
+------------------------------------------+
| H1 | non audited Figures |
+---------------+-------+----------+-------+

| EURm            |       | 2023 AAA |       |
|               |  2023 | excluded |  2022 |

+---------------+-------+----------+-------+
| Revenue | 146.1 | 139.6 | 132.0 |
+---------------+-------+----------+-------+
| EBITDA | 17.8 | 17.4 | 17.2 |
+---------------+-------+----------+-------+
| EBITDA margin | 12.2% | 12.5% | 13.0% |
+---------------+-------+----------+-------+
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 EUR74.1m. Excluding AAA,
consolidated Revenue is EUR71.7m.
Consolidated revenue for the first half comes to EUR146.1m. Without AAA, it is EUR
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 EUR280m 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 EUR1.2m.
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 (https://www.sword- group.com/2023/06/06/sfaf-meeting-presentation-of-h12023-results/)
Agenda
07/09/23
2023 Half Year Presentation Meeting, 10am, Paris Registration
(https://www.sword-group.com/2023/06/06/sfaf-meeting-presentation-of-h12023-
results/)
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.
Contact: investorrelations@sword-group.lu (mailto:investorrelations@sword-
group.lu)
Â