Sword Group: Refocusing the business on Data Management About Sword Group
October 23 2018 - 12:04PM
Financial Announcement
Windhof - October, 23rd 2018
Sword Group - Refocusing the business on Data
Management About Sword Group
Sword today announced the sale of its AFS business
to Sopra Steria Group
This disposal completes the cycle designed to
refocus the Group's business activities exclusively on Data
Management, including:
- In the Services sector, the process whereby data
is transformed into information,
data processing using new technologies with a
ticket to growth in Blockchain Technologies, Robot Process
Automation (RPA), the Internet of Things, etc.
- In the Software business, GRC, Security,
Investigation and Intellectual Property.
Within the context of this disposal, the Group
benefits from extremely positive fundamentals such as its strong
profitability and double-digit organic growth.
The cash generated by this disposal will serve to
finance:
- Organic growth,
- New initiatives,
- Larger acquisitions,
- Shareholder remuneration.
The sector involved is the one covered by the Apak
subsidiaries located notably in Bristol - the UK and Atlanta -
US.
Deconsolidation took place on October, 18th. The
2018 budgeted revenue of APAK amounts to €31 M.
The Apak teams are delighted with the merger.
The Group confirms the fundamentals for its future
development:
a/ Coherence,
b/ Double-digit organic growth,
c/ Acquisition in the sectors already covered by
the Group.
Calendar
25/10/18
Publication of 2018 Third Quarter Revenue
Sword has 2,200+ IT/Digital & Software
specialists present over 5 continents to accompany you in the
growth of your organisation in the digital age.
As a leader in technological and digital
transformation, Sword has since 2000 acquired a solid reputation in
software publishing and in complex IT & business project
management.
With Sword you have the guarantee of strong close
and qualified local commitment, the aim of which is to optimise
your processes and data.
The press release will be published on the web
sites here after: Thomson Reuters and Sword Group. It was also sent
to the "Commission de Surveillance du Secteur Financier (CSSF)" and
saved on the Luxembourg Stock Exchange's website.
Market
Euronext Paris
Compartment B
ISIN Code
FR0004180578
ICB 9530
Software & Computer Services
Indices
CAC® Small
CAC® Mid & Small
CAC® All-Tradable
CAC® All-Share
Sword Group - 2, rue d'Arlon L-8399 Windhof -
investorrelations@sword-group.lu
SwordGroupApakSale
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: SWORD Group via Globenewswire
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