Windhof – October 31, 2026 -- Sword Group posted third-quarter 2026 revenue of €100.2 million, with organic growth of +16.6% at constant scope and exchange rates, and confirmed its full-year targets for organic growth and profitability. The figures are unaudited.
Q3 revenue rises 9.9% as acquisitions add 7.2 points
Q3 revenue rose from €91.2 million a year earlier, a consolidated increase of 9.9%. Sword reports +17.1% growth at constant scope and +16.6% at constant scope and exchange rates. Scope effects added 7.2 points, while currency movements subtracted 0.5 points.
The reported figures include CirrusHQ, consolidated since 1 May 2026. The organic calculation excludes CirrusHQ revenue in 2026 and Tipik revenue in 2025.
EBITDA climbs to €12.0 million with margin steady at 12.0%
Q3 EBITDA reached €12.0 million, up from €11.0 million in Q3 2025. The margin slipped from 12.1% to 12.0%. EBIT rose to €9.3 million from €8.7 million, while depreciation and amortisation increased to €2.7 million from €2.3 million.
Nine-month revenue reaches €287.9 million with 14.6% organic growth
Revenue at 30 September 2026 totalled €287.9 million versus €267.0 million a year earlier, a consolidated gain of 7.8%. Organic growth at constant scope and exchange rates was +14.6%. Scope effects contributed 6.7 points and currency effects 0.1 points.
Nine-month EBITDA came to €34.5 million, against €32.0 million in the prior-year period, at a 12.0% margin in both years. EBIT rose to €26.4 million from €25.3 million. Depreciation and amortisation grew to €8.1 million from €6.7 million.
EU and Anglo-Saxon contract wins drive the quarter
Sword attributes the quarter's growth to major contract signings with the European Union and large Anglo-Saxon companies, combined with new offerings. Management says its AI transformation plan is delivering results above expectations. It cites backlog strength and the performance of its AI, resilience and cloud offerings.
Sword drops French acquisition goal and keeps its Middle East presence
Growth in the French-speaking region, covering Switzerland, France and Quebec, is expected to come from Switzerland and Canada rather than France. Sword has abandoned its acquisition objective in France. Its M&A policy stays focused on technology acquisitions, and the group says it is staying the course in the Middle East despite the current context.
Sword will publish Q4 2026 revenue on 25 January 2027 and full-year 2026 revenue on 10 March 2027.