Report
Amira Manai ...
  • Hana Souissi
  • Nicolas Thorez

Sword Group : Feedback from the analysts’ meeting: a durable and sustainable outperformance – Buy rating reiterated

>Good first-half performance and solid outlook for 2020 - At the investor webcast yesterday, the company presented its detailed first-half earnings and gave an update on the trends seen since July. With organic growth in H1 2020 of 6.0% y-o-y, and profitability close to normative levels at 13.1% of EBITDA (9.4% of EBIT), the figures are remarkable in the current context, with however contrasting performances between IT services (+7.9% y-o-y) and software (-9.1% y-o-y)...
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
Amira Manai

Hana Souissi

Nicolas Thorez

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