Sword Group: Results for the Second Quarter of 2020 | Start of Negotiations with Argos with a View to Selling the Business Ac...
28 Luglio 2020 - 8:15PM
Sword Group: Results for the Second Quarter of 2020 | Start of
Negotiations with Argos with a View to Selling the Business
Activities in France
RESULTSSECOND QUARTER 2020Consolidated Revenue:
€55.0mConsolidated Growth: + 2.6%Organic Growth on a like-for-like
basis: + 1.9%Profitability (EBITDA margin): 14.4%
FIRST HALF OF 2020
Consolidated Revenue: €112.1mConsolidated Growth: + 7.7%Organic
Growth on a like-for-like basis: + 6.0%Profitability (EBITDA
margin): 13.1%
ANALYSISThe + 6% organic growth for the 1st half of 2020 at
constant exchange rates on a likefor-like basis can be broken down
as follows:- Software: - 9.1%- Services: + 7.9%The Software
division shows a decrease, mainly due to the postponement of
licence revenue that was budgeted for the first half-year.The
Services division reacted to the crisis with different trends
depending on the countries.Two countries stood out in particular:-
BeLux (-0.4%) that did not show growth due to the Tipik subsidiary,
in charge of the development of information systems linked to the
organisation of events within the European Union.- The UK (+ 18.9%)
whose business activity was energised by the Oil market.2020
OUTLOOKSword Group plans organic growth of 5%+ (versus 12%
budgeted) associated with an EBITDA margin of 13% (no change in
relation to the initial budget).PROJECT TO SELL THE BUSINESS
ACTIVITIES IN FRANCEArgos Wityu and Sword Group have entered into
negotiations with a view to the acquisition by Argos Wityu of the
French business activities of Sword Group.The perimeter concerned
by the operation envisaged includes:- The Services business
activities currently managed by the French subsidiaries in France,-
The international Software activities with the National Trademark
and Patent Offices.This perimeter, the profitability of which is in
line with the Group standards, generates a revenue trend of €60
million for 2020.Argos Wityu is a European Fund whose investment
strategy favours company growth, and who invests in particulier in
the new technologies sector. While preserving the assets and
expertise developed by the Group in France, Argos Wityu and the
current management team of Sword France have an ambitious
development project.Sword Group will focus on:- In France, the
Software activities generally speaking,- In the GRC sector (Risk
Management and Compliance), acquisitions that provide products that
are complementary to those already managed by this division,- In
the UK, Services through aggressive mainly organic growth but also
supported by targeted acquisitions,- In the other countries, the
pursuit of its organic growth accompanied by potential
acquisitions.[The operation remains subject to information and
consultation of the staff representatives and to approval of the
anti-trust authorities.]
- SwordGroup_Q2 Results 2020 FV_28072020
Grafico Azioni Sword (EU:SWP)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Sword (EU:SWP)
Storico
Da Apr 2023 a Apr 2024