Sword Group: Second Quarter of 2013: Results on Track - Confirmation of the 2013 objectives Sword Group
Second Quarter of 2013: Results on Track
Confirmation of the 2013 objectives
Excellent level of the net margin after tax
Sword Group Q2-2013 (1)
Growth of the pro-forma revenue: +3.3 %
Growth of the pro-forma operating income: +6.7 %
Sword Group H1-2013 (1)
Consolidated revenue: 51.1 M€
Consolidated net income: 5.2 M€
Meeting for the presentation of the half-yearly accounts: 10 September 2013 at 10.00 am in Paris
(1)Non-Audited figures
Luxembourg - 24 July 2013,
Q2 pro-forma (1)
| €M | 2013 | 2012 (2) | Variation |
| Revenue | 25.0 | 24.2 | +3.3 % |
| Current Operating Profit | 3.2 | 3.0 | +6.7 % |
H1 consolidated (1)
| €M | 2013 | 2012 |
| Revenue | 51.1 | 67.0 |
| Current Operating Profit | 6.7 | 9.2 |
| Net profit after tax | 5.2 | 5.4 |
(1) Non-audited figures
(2) Not including Ciboodle, company sold in July 2012 and not including the EDM asset sold in October 2012.
ANALYSIS
The revenue and the pro-forma operating income show an increase over the second quarter of 2013.
The backlog on 30/06/2013 amounts to 25.1 months compared with the backlog of 23.1 months on 31/12/2012, up 8.67%.
The net cash position (including the own shares) on 30/06/2013 is €39.9 million, compared with a net cash position of €49.3 million on 31/12/2012. This reduction comes mainly from the dividend distribution and from an exceptional increase in the WCR.
OUTLOOK
The Group's growth is now underpinned by:
- The organic growth that should amount to approximately 5%, not including exceptional items,
- The growth generated by investments in new technologies and new markets such as investigation, mapping, telemedicine and search,
- The resumption of the Group's acquisition policy illustrated by the purchase of Active Risk.
Sword hence confirms its objectives.
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