Report
Nicolas Thorez

Sword Group : Feedback from road show: clear outperformance amid the crisis, confidence over the outlook confirmed, Buy rating reiterated

>Buy rating and TP of € 39 maintained after a road show with CEO - Following a road show in France and Germany with Sword founder and CEO Jacques Mottard, we are maintaining our Buy position on the stock and leaving our target price unchanged at € 39. After a very good Q3, up 8.1% YoY organically (+6.7% in 9m), the company reiterated its confidence over the trend in the coming quarters. IT Services activities should remain very buoyant thanks to a solid backlog, while...
Underlying
Sword Group SE

Sword Group is a service company specializing in computer engineering, offering consulting and integration services to its customers. Co. is engagedin the implementation of innovative solutions that meet the strategic needs of its clients and adaptation requirements of their information systems. Co.'s business covers three main areas: IT Service, Solutions and Communication Technologies. In addition, Co. also provides Government Risk Management (GRC) solutions to its customers in the industries of energy, transportation, healthcare, insurance, banking, telecommunications, and international and governmental organizations. Co. offers two product lines and four solutions.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas Thorez

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