Sword: down after business update
(CercleFinance.com) - Sword is down 2% after announcing fourth-quarter 2023 sales of 71.
5 million euros (+12.6% organic) and an EBITDA margin of 12%, compared with 13.2% for the corresponding period in 2022.
The fourth-quarter performance is in line with our budget, which took into account the anticipation of sustainable growth of between 13 and 15% per year until 2028, and the start-up of major contracts in Switzerland and BeLux", says the company.
Sword expects sales in excess of 316 million euros in 2024, excluding external growth. Next March, it is due to present a strategic plan for its 2024-2028 business plan, which forecasts constant profitability and growth in excess of 13% per annum.
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