Sword Group (SWP) Q1 2025 TU earnings summary

Executive summary

• Achieved double-digit organic revenue growth of 11.8% year-over-year in Q1 2025, reaching €85.5m.

• EBITDA margin remained stable at 12.0%, with EBITDA of €10.3m.

• Revenue growth aligns with budget forecasts, and the backlog remains solid, supporting future expectations.

Financial highlights

• Q1 2025 consolidated revenue: €85.5m, up from €75.8m in Q1 2024 (+11.8% like-for-like).

• EBITDA: €10.3m, up from €9.1m in Q1 2024.

• EBITDA margin stable at 12.0% year-over-year.

Outlook and guidance

• 2028 Business Plan confirmed, with ongoing review of ambitious projects that could drive future outperformance.

• External growth strategy continues, focusing on micro-acquisitions in AI and Cybersecurity.