Sword Group (SWP) Q4 2024 TU earnings summary

Executive summary

• Q4 2024 delivered strong results with consolidated revenue of €84.4m and EBITDA margin of 12.0%, reflecting robust growth and profitability.

• Full-year 2024 revenue reached €323.0m, with EBITDA of €38.8m and organic growth of 15.9% year-over-year.

• Net cash position improved by €20m in Q4, ending at €17.8m, and backlog increased by €78.4m, providing 21 months of revenue visibility.

• Significant progress in AI strategy, targeting productivity gains and new offerings in key sectors.

Financial highlights

• Q4 2024 revenue rose to €84.4m from €71.5m in Q4 2023, a 17.1% organic increase on a like-for-like basis.

• EBITDA for Q4 2024 was €10.1m, up from €8.5m in Q4 2023; margin stable at 12.0%.

• Full-year 2024 revenue of €323.0m, up from €288.1m in 2023; EBITDA margin at 12.0%.

• Net cash increased from €2.2m at 30/09/2024 to €17.8m at 31/12/2024.

• Backlog grew by €78.4m in Q4, supporting future revenue.

Outlook and guidance

• 2028 Business Plan targets double-digit organic growth, supported by targeted micro-acquisitions and larger-scale acquisitions.

• Strategic focus areas include artificial intelligence, cybersecurity, and sustainability.

• Internal management optimisation programme underway, with further AI integration planned for 2025.