Sword Group's share price rose sharply (+2.6%) on Thursday on the Paris Bourse, as analysts hailed the technology group's "year-end performance as a resounding success".

The digital transformation specialist posted consolidated fourth-quarter sales of 72.3 million euros, representing organic growth of 29.5%.

At constant exchange rates, sales growth stood at 26.4% for the last three months of the year.

In terms of profitability, the Ebitda margin came in at 13.2%, well ahead of the 12% target the Group had set itself.

Over the full 2022 financial year, consolidated sales reached 272.3 million euros, corresponding to organic growth of 28.5%, for an Ebitda margin of 12.9%.

Euroland analysts, who this morning hailed the figures as "remarkable", recalled that they were expecting an operating margin of around 12.5%.

Welcoming "a storming end to the year", the brokerage firm maintains its buy recommendation on the share, with a price target of 53 euros.

As for its outlook, Sword indicates that it plans to pursue an ambitious organic growth policy this year, while maintaining stable profitability.

Its budget for 2023 shows an organic growth target of 15%.

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