2013-01-23 17:43:55 -

Sword Group

                         2012 Fourth Quarterly Results

                           Pro forma Revenue up 13.2%



                  Pro forma Current Operating Profit up 23.4%

Sword Group Q4 2012 ((1))
Pro forma Revenue: €25.0M
Consolidated Revenue: €25.0M
Sword Group Year 2012 ((1))
Pro forma Revenue: €99.3M
Consolidated Revenue: €117.9M
( )
((1)) non audited figures

Luxembourg - 23 January 2013,

Quaterly pro forma data:

+----------+----------------------+--------------------------+
| €M ((1)) |         Revenue        | Current Operating Profit |
+----------+------+------+--------+------+------+------------+
|          | 2012 | 2011 | Growth | 2012 | 2011 | Growth     |
+----------+------+------+--------+------+------+------------+
| Q1       | 26.8 | 23.7 | +13.2% | 4.2  | 3.4  | +25.2%     |
+----------+------+------+--------+------+------+------------+
| Q2       | 24.2 | 22.2 | +8.6%  | 3.2  | 3.6  | -11.6%     |
+----------+------+------+--------+------+------+------------+
| Q3       | 23.3 | 23.3 | +0.1%  | 2.3  | 0.9  | +149.1%    |
+----------+------+------+--------+------+------+------------+
| Q4       | 25.0 | 22.1 | +13.2% | 3.2  | 2.6  | +23.4%     |
+----------+------+------+--------+------+------+------------+
| Total    | 99.3 | 91.4 | +8.7%  | 13.0 | 10.6 | +23.2%     |
+----------+------+------+--------+------+------+------------+


Consolidated Accounts at 31/12/2012:

+--------------------------+------------+-------+
| €M                       | 2012 ((1)) | 2011  |
+--------------------------+------------+-------+
| Revenue                  |   117.9    | 156.2 |
+--------------------------+------------+-------+
| Current Operating Profit |    14.7    | 23.0  |
+--------------------------+------------+-------+
| Operating Profit         |    27.0    | 36.2  |
+--------------------------+------------+-------+
| Profit For the Year      |    16.3    | 26.4  |
+--------------------------+------------+-------+
 ((1))non audited figures

ANALYSIS

The 2012 pro forma revenue shows an organic growth rate of 8.7%.

The  2012 consolidated revenue  shows a  drop in  relation to 2011 following the
disposal  of a "products" subsidiary that was completed on 30 July 2012 and that
of an asset on 30 September 2012.

The pro forma current operating profit is up 23.2% compared with 2011.

The  consolidated current operating  profit includes the  €22.4 Million in gross
operating  income from disposals, transfer fees and provisions for various risks
and uncertainties.

The  Group's net cashflow has improved by €40.9 Million in 12 months, increasing
from €8.4 Million on 1 January 2012 to €49.3 Million on 31 December 2012.

All  of Sword's business activities are in  line with the Group's standards both
in terms of revenue, profitability and the capacity for growth.

The revenue that these activities generate is either highly recurrent (ex: ASP),
or underpinned by a very large backlog (ex: European Union).

OUTLOOK

The Group forecasts a growth rate of approximately 5% in 2013 despite potential
economic uncertainties thanks to its three areas of organic growth: USA, Middle
East and Asia.



Investor Relations
e stephanie.desmaris@sword-group.com

Sword Group
1,006 staff (31/12/2012)
Euronext Paris - Compartment C
ISIN Code: FR0004180578
ICB : 9530 Software & Computer Services
Indices CAC® Small
CAC® Mid & Small
CAC® All-Tradable
CAC® All-Share

© Sword Group
105, route d'Arlon
L-8009 Strassen




Sword Group - 2012 Fourth Quaterly Results : 
 hugin.info/143591/R/1672419/543881.pdf



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