Sword Group : 2017 Second Quarter Results - Revenue: €42.8 M in line with the budget - Profitability: 15.5% (EBITDA margin) above budget

 Sword Group

2017 Second Quarter Results

Revenue: €42.8 M

in line with the budget

Profitability: 15.5% (EBITDA margin)

above budget

 Sword Group H1-2017 ^{(1) (2)}
Consolidated Revenue: €86.6 M

EBITDA margin: 15.3%

Growth at constant exchange rate and constant perimeter: +13.0%

⁽¹⁾ non audited figures

⁽²⁾ % calculated from figures in €K

H1-2017 results presentation meeting, September 5th in Paris

 Windhof - July 26, 2017

(1) non audited figures
(2)  % calculated from figures in €K
(3) at constant perimeter and constant exchange rate

ANALYSIS
Growth

S1 Performance:

At a constant perimeter and exchange rate, Sword has delivered like for like growth of 13%. The split between the sectors in which Sword is active is:
- Software          + 14.2%
- Services          + 12.5%

The EBITDA margin is 15.3%.

Due to strong trading conditions, Sword has exceeded  the original forecasted results:

- Organic growth: 3 percentage point greater than initial forecast,

- EBITDA margin: 0.3 percentage point above initial forecasts.

Net cash position

As at 30th June 2017, the net cash position is €19.3m.

This figure is after taking into account dividend payments, an increase in R&D investment and
an increase in working capital requirements as a result of the higher levels of organic growth.

FORECASTS

The Group confirms that it is on target to achieve its initial objectives:

- Organic growth at constant perimeter and exchange rate of greater than 10%,

- EBITDA margin of 15%.
We are equally in a position to confirm that we are on target to achieve our 2020 plan.

Investor Relations
e investorrelations@sword-group.lu
Sword Group
1 700⁺ staff
Listed on Euronext Paris - Compartment B
ISIN Code: FR0004180578
ICB: 9530 Logiciels et Services Informatiques
Indices:
CAC® Small
CAC® Mid & Small
CAC® All-Tradable
CAC® All-Share