Sword Group - Confirmation of the Performance Announced on January 27
Sword Group - Confirmation of the Performance Announced on January 27
2019: Strong Performance
- Organic Growth +20%
- Ebitda Margin Above 13%
2020 Objectifs: Organic Growth of 12% and Ebitda Margin of 13%*
* not including the impact of Coronavirus
FY2019 Consolidated Revenue: €213.2 m
FY2019 Organic Growth: +20.7%
ANALYSIS
2019 was stable within its perimeter with only one small acquisition, at the end of the year (November), so with no significant impact on the figures.
The company outperformed in terms of organic growth in relation to its initial budget, +20.7% compared with a budget of +12%.
It is important to note that in 2019, 100% of the Group’s entities outperformed in relation to their budget.
With a strong net cash position (€70.8 million, not including the impact of IFRS 16), the Group has the wherewithal to pursue its dividend policy, to envisage strong organic growth, to fund new initiatives and to make acquisitions, if the market allows.
CONSOLIDATED ACCOUNTS
| YEAR (1) | |||
| €m | 2019 (2) (3) | 2018 | Growth |
| Revenue | 213.2 | 171.4 | +24.4% |
| EBITDA | 28.6 | 20.1 | +42.1% |
| EBITDA Margin | 13.4% | 11.8% | - |
(1) Percentages calculated based on the figures in €K
(2) Taking into account the impact of IFRS 16
(3) Non audited figures
POST-CLOSURE EVENTS
Since January 2020, a Coronavirus epidemic, COVID-19 has spread from China. For the moment, it is too soon to measure the impact of this phenomenon.
A detailed study of the contracts is underway and precise information will be published in the forthcoming weeks.
The Group is committed to communicating to the market as the situation evolves.
2020 OUTLOOK
Without the Coronavirus crisis, Sword Group planned organic growth of 12% combined with an EBITDA margin of 13%+.
The Group will refine its forecasts from one month to the next so as to take into account the exogenous factors.
Agenda
12/03/20
FY2019 Results presentation meeting, 10:00 am by Webcast
23/04/20
Publication of
Q1 2020 Results
28/04/20
2019 Annual Shareholders Meeting
Dividend
Dividend proposed to the General Meeting €1.8 per share
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 since 2000 acquired a solid reputation in software publishing and in complex IT & business project management.
With Sword you have the guarantee of strong close and qualified local commitment, the aim of which is to optimise your processes and data.
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