Sword Group (SWP) Q2 2024 TU earnings summary

Executive summary

• Consolidated revenue reached €81.1m in Q2 2024, with organic growth of 14.6% year-over-year at constant scope and exchange rates, excluding AAA.

• H1 2024 consolidated revenue totaled €156.9m, up from €146.1m in H1 2023, reflecting 15.7% organic growth.

• EBITDA margin remained stable at 12.0% for both Q2 and H1 2024.

• Growth was sustained despite the challenging international context, highlighting the strength of target markets.

Financial highlights

• Q2 2024 EBITDA was €9.8m, with a 12.0% margin; H1 2024 EBITDA was €18.9m, also at a 12.0% margin.

• Revenue for H1 2024 (excluding AAA) was €155.8m, up from €134.7m in H1 2023.

• Organic growth rates exclude the impact of AAA and are calculated at constant exchange rates.

Outlook and guidance

• The Group confirms its 2028 Business Plan, maintaining long-term strategic objectives.

• Further updates and progress on 2024 projects will be shared at the September 11, 2024, financial meeting.