• Sword Group: Results for the First Quarter of 2022

    Source: Nasdaq GlobeNewswire / 26 Apr 2022 11:35:00   America/New_York

    Sword Group
    Results for the First Quarter of 2022
    Stable Organic Perimeter Growth (i) +23.8%

    (i) excluding acquisitions and disposals

    KEY FIGURES
    The consolidated revenue for the first quarter of 2022 is €63.6m.
    Excluding Sword GRC, a company sold in February, the consolidated revenue is €58.6m.
    This figure takes into account one month of Ping Network Solutions, acquired in March 2022, and three months of AiM, acquired in July 2021.
    EBITDA margin is 13.4 % representing €8.5m.
    Excluding Sword GRC, EBITDA margin is 12.0% or €7.0m.

    1ST QUARTER ACCOUNTS

    Q1 | non audited figures
    €m20222021Consolidated Growth
    Revenue63.647.4+34.2%
    EBITDA8.56.5+30.8%
    EBITDA margin13.4%13.7%-

    ANALYSIS (at constant exchange rates and constant perimeter)
    In the first quarter of 2022, the Group achieved organic growth of +22.6% against a budget of 15%, and profitability of 13.4% against a budget of 13%.
    The scope retained after the disposal of Sword GRC is up 23.8% while maintaining a profitability of 12.0%.
    It should be noted that on 21 April, the sale of Sword GRC was finalised with the receipt of 90% of the total payment as provided for in the sale agreement.

    OUTLOOK FOR 2022
    The Group is upgrading its 2021-2024 business plan not only because of the acquisitions made but also because of its outperformance.
    The budgeted revenue for 2022 is therefore €248m in consolidated terms.
    Excluding Sword GRC (one quarter), this figure is €243m.

    Dividend
    Dividend proposed to the Annual General Meeting: €10 gross per sghare
    Ex-date: April 29th, 2022
    Payment date: May 3rd, 2022

    Agenda
    28/04/22
    Annual General Meeting (2021 Accounts)

    03/05/22
    Dividend Payment

    28/07/22
    2022 Second Quarter Revenue

    About Sword Group
    Sword has 2,300+ IT/Digital & Software 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 software publishing and in complex IT & business project management.
    Sword optimises your processes and enhances your data.

    Contact: investorrelations@sword-group.lu

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