Sword announced last night that it expects a slowdown in organic growth this year, on the occasion of the publication of its 2022 annual financial statements.

The technology consulting group says it expects organic growth of 15% in 2023, compared with 26.3% last year.

In 2022, consolidated sales totaled 272.3 million euros, representing organic growth of 28.5% on a like-for-like basis, and 26.3% at constant scope and exchange rates.

EBITDA (earnings before interest, taxes, depreciation and amortization) rose by 19.8% to 35.1 million euros, compared with 29.3 million in 2021, while EBITDA margin eased to 12.9% from 13.6% a year earlier.

In its press release, the company states that it intends to continue to pursue an "ambitious" organic growth policy, while "maintaining stable profitability".

Following these announcements, Sword shares lost around 3.5% on Thursday on the Paris stock exchange. At current prices, the group has a market capitalization of around 450 million euros.

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