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SWORD Group (0MN5)

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Wednesday 23 January, 2013

SWORD Group

Sword Group: 2012 Fourth Quaterly Results - Pro...

Sword Group: 2012 Fourth Quaterly Results - Pro forma Revenue up 13.2 %

Sword Group

2012 Fourth Quarterly Results

Pro forma Revenue up 13.2%

Pro forma Current Operating Profit up 23.4%

Sword Group Q4 2012 (1)

Pro forma Revenue: €25.0M
Consolidated Revenue: €25.0M

Sword Group Year 2012 (1)

Pro forma Revenue: €99.3M
Consolidated Revenue: €117.9M

(1) non audited figures

Luxembourg - 23 January 2013,

Quaterly pro forma data:

€M (1) Revenue Current Operating Profit
2012 2011 Growth 2012 2011 Growth
Q1 26.8 23.7 +13.2% 4.2 3.4 +25.2%
Q2 24.2 22.2 +8.6% 3.2 3.6 -11.6%
Q3 23.3 23.3 +0.1% 2.3 0.9 +149.1%
Q4 25.0 22.1 +13.2% 3.2 2.6 +23.4%
Total 99.3 91.4 +8.7% 13.0 10.6 +23.2%

Consolidated Accounts at 31/12/2012:

€M 2012 (1) 2011
Revenue 117.9 156.2
Current Operating Profit 14.7 23.0
Operating Profit 27.0 36.2
Profit For the Year 16.3 26.4

 (1)non audited figures

ANALYSIS

The 2012 pro forma revenue shows an organic growth rate of 8.7%.

The 2012 consolidated revenue shows a drop in relation to 2011 following the disposal of a "products" subsidiary that was completed on 30 July 2012 and that of an asset on 30 September 2012.

The pro forma current operating profit is up 23.2% compared with 2011.

The consolidated current operating profit includes the €22.4 Million in gross operating income from disposals, transfer fees and provisions for various risks and uncertainties.

The Group's net cashflow has improved by €40.9 Million in 12 months, increasing from €8.4 Million on 1 January 2012 to €49.3 Million on 31 December 2012.

All of Sword's business activities are in line with the Group's standards both in terms of revenue, profitability and the capacity for growth.

The revenue that these activities generate is either highly recurrent (ex: ASP), or underpinned by a very large backlog (ex: European Union).

OUTLOOK

The Group forecasts a growth rate of approximately 5% in 2013 despite potential economic uncertainties thanks to its three areas of organic growth: USA, Middle East and Asia.

Investor Relations

e [email protected]

Sword Group
1,006 staff (31/12/2012)
Euronext Paris - Compartment C
ISIN Code: FR0004180578
ICB : 9530 Software & Computer Services
Indices CAC® Small
CAC® Mid & Small
CAC® All-Tradable
CAC® All-Share

© Sword Group
105, route d'Arlon
L-8009 Strassen




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Source: SWORD Group via Thomson Reuters ONE

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