Report
Nicolas Thorez

Sword Group : Solid Q3 2020 and confidence in the post-divestment outlook in France

>Q3 earnings broadly in line, +12.8% organically excluding France - Yesterday evening, Sword reported Q3 2020 results broadly in line with our forecasts. Q3 sales totalled € 55.1m (vs ODDO BHF € 55.7m), up organically by 8.1% y/y, and EBITDA came out perfectly in line at € 7.2m, i.e. a stable margin compared to Q3 2019. Taking into account the sale of the French activities to Argos Wityu at the end of Q3, the company specified that the organic growth of the new scope ...
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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