(CercleFinance.com) – Sword announced on Wednesday that it has put its Scottish personnel recruitment subsidiary up for sale as part of the implementation of a strategic plan to integrate artificial intelligence into its activities.
The technology consulting group points out that the sale of AAA, an entity based in Aberdeen (Scotland), should increase its profitability, which leads it to raise its profitability target (EBITDA margin) by one percentage point. from July 1, 2023, i.e. 13%.
Sword adds that this change in scope will also be favorable to the organic growth rate.
AAA, which generated revenue of 26 million euros last year, will be deconsolidated from the income statement from May 31, 2023.
This announcement comes as Sword says it is currently working on a plan to transition and integrate artificial intelligence into its business model, which it intends to present in the second half of the year.
In a press release, the company explains that it wants to adapt its development to the changes that this technology will generate.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
