Sword: up slightly after quarterly results
In a reaction note, analysts at Euroland hail the technology consulting group's growth as "still spectacular".
"Following a 22.2% increase in sales in the first quarter, Sword posted another fine performance in the second quarter", stresses the research firm.
Following this publication, Euroland is maintaining its buy recommendation, with a target price of €53.
Profitability (Ebitda margin) came to €9.1 million, or 12.3%.
For the 1st half, consolidated sales came to €146.1 million, representing organic growth of 24.3% and a profitability (Ebitda margin) of 12.2%.
Sword has revised upwards its Ebitda margin target for 2023, now anticipated at 12.5%, compared with 12% previously, for annual sales of 280 million euros.
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