Sword Group (SWP) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 consolidated revenue reached €90.7m, reflecting organic growth of 11.7% year-over-year at constant scope and exchange rates.

• EBITDA margin remained stable at 12.0%, with EBITDA of €10.9m for the quarter.

• Organic growth exceeded budget by 0.9 percentage points, driven by strong commercial activity and backlog.

• Geopolitical tensions had minimal impact, with only a limited effect in Dubai and no significant influence on overall performance.

• The external growth strategy focuses on targeted, small-scale M&A to acquire high value-added expertise.

Financial highlights

• Revenue increased to €90.7m in Q1 2026 from €85.5m in Q1 2025, up 11.7% on a like-for-like basis.

• EBITDA was €10.9m, up from €10.3m in the prior year quarter.

• EBITDA margin held steady at 12.0% year-over-year.

Outlook and guidance

• Annual targets for 2026 are confirmed: organic growth of 12% and profitability (EBITDA margin) of 12%.

• Backlog supports anticipation of organic growth above 12% in the second half of the year.