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Sword Group: Results for the Fourth Quarter of 2023
Источник: Nasdaq GlobeNewswire / 25 янв 2024 01:30:00 America/New_York
Consolidated Revenue: €71.5m
Organic Growth: +12.6 % (i)
EBITDA Margin: 12.0 %
(i) on a like-for-like basis and at constant exchange ratesKEY FIGURES
Fourth-quarter 2023 revenue comes to €71.5m, with a consolidated profitability (EBITDA margin) of 12.0%, or €8.5m.
At 31 December, consolidated revenue comes to €288.1m, with a consolidated profitability (EBITDA margin) of 12.1%, or €34.8m. Revenue excluding AAA is €281.6m and profitability is 12.3%.
The net cash position including treasury shares, excluding IFRS, is €32.6m at 31/12/2023.Q4 2023 ACCOUNTS
Q4 | NON AUDITED FIGURES
€m 2023 2022 (2) Organic Growth (1)
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
€m 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% - (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 €15.8m at 30/06/2023 to €32.6m 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 €316m in 2024, excluding acquisitions.
AGENDA
Join us for the Annual Financial Meeting on 7 March in Paris: Register here.Upcoming dates
07/03/24
2023 Annual Results Presentation Meeting 10am | Paris25/04/24
Publication of Q1 Revenue 2024
Sword Group
Sword has 3,000+ 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
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
€m
2023
2023 AAA excluded
2022 (2)
Organic Growth (1)Reveue
288.1
281.6
265.7
+19.0 %
EBITDA34.8
34.5
33.1
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EBITDA Margin12.1%
12.3%
12.5%
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