Sword Group (SWP) Q3 2026 TU earnings summary

Executive summary

• New growth model, following the AI transformation plan, delivered results above expectations; backlog and AI, resilience and cloud offerings support long-term sustainability.

• Business model is primarily organic-growth-led, with Q3 growth boosted by major contract signings and new offerings.

Financial highlights

• Q3 2026 revenue was €100.2m versus €91.2m in Q3 2025; growth was 17.1% at constant scope and 16.6% at constant scope and exchange rates.

• Q3 EBITDA was €12.0m versus €11.0m; EBITDA margin was 12.0% versus 12.1%.

• 9M 2026 revenue was €287.9m versus €267.0m, up 14.6% organically at constant scope and exchange rates; EBITDA was €34.5m versus €32.0m.

Outlook and guidance

• 2026 annual targets confirmed for organic growth and profitability; 9M revenue was €287.9m and EBITDA margin was 12.0%.

• French-speaking-region growth is expected from Switzerland and Canada, but not France; the French acquisition objective was abandoned.