Sword Group is working on a strategic plan for the transition and integration of Artificial Intelligence into its activities.
Faced with the challenge represented by AI, Sword will adapt its development to the changes that this technology will generate.
The sale of AAA, a specialized recruitment and staffing company, operating in Aberdeen in Scotland and generating a turnover of 26 M Euros (2022) is part of the 1st phase of this plan.
This company will be deconsolidated from the income statement from May 31, 2023.
AAA has a profitability whose value corresponds to its market. Consequently, this sale will increase the Group’s profitability.
The profitability target (EBITDA margin) is raised by approximately 1 percentage point from July 1, 2023, i.e. 13%.
In gross terms, the 2023 EBITDA target remains unchanged (36 M Euros).
This change in scope will also be favorable to the Group’s organic growth rate.
This plan, based on agility and the rapid evolution of technologies, will be presented in the second half of 2023.
Diary
07/20/23
Publication of 2nd quarter 2023 revenue
09/07/23
2023 Half-Year Results Presentation Meeting, 10 a.m., Paris, Registration on the “Investors – Financial News” website
Sword Group – 2, rue d’Arlon L-8399 Windhof – [email protected]