Consolidated Revenue: EUR71.5m
Organic Growth: +12.6 % (i)
EBITDA Margin: 12.0 %
(i) on a like-for-like basis and at constant exchange rates
KEY FIGURES
Fourth-quarter 2023 revenue comes to EUR71.5m, with a consolidated profitability
(EBITDA margin) of 12.0%, or EUR8.5m.
At 31 December, consolidated revenue comes to EUR288.1m, with a consolidated
profitability (EBITDA margin) of 12.1%, or EUR34.8m. Revenue excluding AAA is
EUR281.6m and profitability is 12.3%.
The net cash position including treasury shares, excluding IFRS, is EUR32.6m at
31/12/2023.
Q4 2023 ACCOUNTS
+---------------+---------------------------------------+

|               |       Q4 | NON AUDITED FIGURES        |
|               |                                       |

+---------------+-------+----------+--------------------+

| EURm            |       |          | Organic Growth (1) |
|               | 2023  | 2022 (2) |                    |

+---------------+-------+----------+--------------------+
| Revenue | 71.5 | 72.3 | +12.6 % |
+---------------+-------+----------+--------------------+
| EBITDA | 8.5 | 9.6 | - |
+---------------+-------+----------+--------------------+
| EBITDA Margin | 12.0% | 13.2% | - |
+---------------+-------+----------+--------------------+
(i) on a like-for-like basis and at constant exchange rates
(ii) includes AAA's 2022 revenue. AAA was deconsolidated on 01/06/2023.
2023 ANNUAL ACCOUNTS
+---------------+------------------------------------------------------------+

|               |                 YEAR | NON AUDITED FIGURES                 |
|               |                                                            |

+---------------+-------+--------------------+----------+--------------------+
| EURm | | | | Organic Growth (1) | | | 2023 | 2023 AAA excluded | 2022 (2) | |
+---------------+-------+--------------------+----------+--------------------+
| Reveue | 288.1 | 281.6 | 265.7 | +19.0% |
+---------------+-------+--------------------+----------+--------------------+
| EBITDA | 34.8 | 34.5 | 33.1 | - |
+---------------+-------+--------------------+----------+--------------------+
| EBITDA Margin | 12.1% | 12.3% | 12.5% | - |
+---------------+-------+--------------------+----------+--------------------+
(i) on a like-for-like basis and at constant exchange rates
(ii) includes AAA's 2022 revenue. AAA was deconsolidated on 01/06/2023.
ANALYSIS
The 4th quarter performance is in line with our budget, which takes the
following factors into account:
- Anticipated sustainable growth between 13% and 15% a year until 2028,
- Start of major contracts in Switzerland and in BeLux.
The 2023 performance is better than the annual budget, which anticipated 15%
rather than 19% organic growth.
Cash collection was strong in the 2nd half of the year.
Including treasury shares, we have gone from EUR15.8m at 30/06/2023 to EUR32.6m at
31 December 2023.
OUTLOOK
The 2024-2028 Business Plan, which forecasts constant profitability and growth
in excess of 13% a year, has been the subject of a strategic plan which will be
presented at the annual meeting (SFAF meeting) on 7 March in Paris.
As a result, the Group is forecasting annual revenue in excess of EUR316m in
2024, excluding acquisitions.
AGENDA
Join us for the Annual Financial Meeting on 7 March in Paris: Register here
(https://www.sword-group.com/2023/10/16/sfaf-meeting-presentation-of-fy2023-
results/).
Upcoming dates
07/03/24
2023 Annual Results Presentation Meeting 10am | Paris
25/04/24
Publication of Q1 Revenue 2024
Sword Group
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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)
EBITDA Margin 12.1% 12.3% 12.5% -
(i) on a like-for-like basis and at constant exchange rates
(ii) includes AAA's 2022 revenue. AAA was deconsolidated on 01/06/2023.
YEAR | NON AUDITED FIGURES
EURm

                                      2023
                               2023  AAA excluded
                                    2022 (2)
                               Organic Growth (1)

Reveue

                                     288.1
                                     281.6
                                     265.7
                                    +19.0 %
                                     EBITDA
                                      34.8
                                      34.5
                                      33.1
                                       -
                                 EBITDA Margin
                                     12.1%
                                     12.3%
                                     12.5%
                                       -

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