Report
Nicolas Thorez

Sword Group : Sharply higher Q2 2020 results and solid 2020 guidance - Project to divest activities in France

>Q2 earnings: organic growth +1.9% y/y; EBITDA margin at 14.4% (!) - Yesterday evening, Sword published a very solid Q2 with sales of € 55.0m, up 1.9% y/y organically, and an EBITDA margin of 14.4%, well above our expectations (ODDO BHF: -11% organic; EBITDA margin 8.6%) and that of consensus. Over the half year, organic growth thus comes out at 6.0% y/y, and the EBITDA margin is close to normative levels at 13.1%, a remarkable performance in the current context, with...
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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