Financial Press Release
Windhof – October 22nd, 2020
Sword Group | Results for the Third Quarter of 2020
Consolidated Revenue: €55.1m
Organic Growth: +8.1%
EBITDA Margin: 13.1%
2020 THIRD QUARTER ACCOUNTS
Organic growth: +8.1%
Organic growth for the quarter as calculated on the new perimeter (outside France) amounts to +12.8%.
30 SEPTEMBER 2020
Consolidated Revenue: €167.2m
Organic Growth: +6.7%
EBITDA margin: 13.1%
ACCOUNTS AS OF SEPTEMBER 30, 2020
|YTD SEPTEMBER 30|
Organic growth: +6.7%
YTD organic growth (30/09) as calculated on the new perimeter (outside France) amounts to +8.8%.
(1) non audited figures
In cumulative terms at the end of September (YTD), organic growth of the new scope
amounts to +8.8%, and is distributed as follows:
- Software: -9.3%
- Services : +11.3%
The Software division has declined, mainly due to the postponement of the licenses revenue that had been budgeted for the period, but the decline has slowed down in Q3, especially in the new perimeter outside France (-5.9% in Q3 vs. -9.3% YTD).
The Services division has reacted to the crisis in different ways depending on the country.
Three countries have more especially stood out:
–BeLux, which made up its backlog by the end of June in just one quarter, particularly thanks to the recovery in Tipik’s business (+20.6% in Q3 vs. +6.6% YTD),
–The United Kingdom, which has continued to outperform in terms of growth over the quarter (+14.7 % in Q3 vs +17.5 % YTD),
–Switzerland, which has returned to double-digit growth (+13.5% in Q3 vs. +8.9% YTD).
OUTLOOK FOR 2020
Sword Group now expects organic growth of over 8% outside France (versus 12% budgeted) combined with an EBITDA margin of 13% (unchanged from the initial budget).
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