Sword Group : 1st step in integrating Artificial Intelligence into its business model: AAA subsidiary put up for sale as of 31/05/23
June 06 2023 - 12:18PM
Sword Group : 1st step in integrating Artificial Intelligence into
its business model: AAA subsidiary put up for sale as of 31/05/23
Sword Group is working on a strategic plan for the transition
and integration of Artificial Intelligence into its activities.In
response to the challenge posed by AI, Sword will adapt its
development to the changes that this technology will generate.The
sale of AAA, a specialist recruitment and staffing company based in
Aberdeen, Scotland, with annual revenue of €26m (2022) is part of
the 1st phase of this plan.This company will be deconsolidated from
the PnL as of 31 May 2023.AAA’s profitability is in line with its
market value. Consequently, this disposal will increase the Group’s
profitability.The profitability target (EBITDA margin) is raised by
around 1 percentage point as of 1st July 2023, to 13%.In gross
value figures, the 2023 EBITDA target remains unchanged at
€36m.This change in scope will also have a positive impact on the
Group’s organic growth rate.This plan, based on agility and the
rapid evolution of technologies, will be presented in the 2nd half
of 2023.
Agenda
20/07/232023 Second Quarter Revenue
07/09/232023 Half Year Results Presentation Meeting, 10am,
Paris, Registration
About Sword GroupSword has 3,000+ IT/Digital specialistsin 50+
countries to accompany you in the growth of your organisation in
the digital age.As a leader in technological and digital
transformation, Sword has a solid reputation in complex IT &
business project management.Sword optimises your processes and
enhances your data.Sword Group - 2, rue d’Arlon L-8399 Windhof -
investorrelations@sword-group.lu
- SwordGroup_AI_PutupforSaleAAA 06062023 FV
Sword (EU:SWP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sword (EU:SWP)
Historical Stock Chart
From Sep 2023 to Sep 2024