BTS Group AB (publ) Quarterly report 1 January—31 March, 2018
Revenue increases by 15 percent and EBITA 25 percent
January 1 — March 31, 2018
• Net sales amounted to MSEK 299.4 (274.0). Adjusted for changes in foreign exchange rates, growth was 15 percent.
• Operating profit (EBITA) increased by 25 percent to MSEK 20.4 (16.4).
• Profit before tax increased by 3 percent to MSEK 14.9 (14.5).
• Profit after tax increased by 12 percent to MSEK 10.5 (9.3).
• Earnings per share before dilution increased by 10 percent to SEK 0.55 (0.50), and after dilution to SEK 0.54 (0.50).
Outlook for 2018
Profit before tax is expected to be better than the previous year. (unchanged)
"The market for BTS's services is trending positively. Profound changes in the market and technology are creating a great need for our customers to invest, and the positive economic climate and profit trends are creating the means to complete these investments", comments Henrik Ekelund President and CEO, BTS Group.
"In 2018, we expect continued healthy growth and profit before tax that is better than in previous years", says Henrik Ekelund.
For more information, please contact:
Head of Investor relations
BTS Group AB
Mobile: +46 708-788 019
About BTS Group AB
BTS is a global professional services firm headquartered in Stockholm, Sweden, with close to 600 professionals in 37 offices located on six continents. We focus on the people side of strategy, working with leaders at all levels to help them make better decisions, convert those decisions to actions and deliver results. At our core, we believe people learn best by doing. For 30 years, we've been designing fun, powerful experiences that have a profound and lasting impact on people and their careers. We inspire new ways of thinking, build critical capabilities and unleash business success. It's strategy made personal.
We serve a wide range of client needs, including:
-Assessment centers for talent selection and development
-Strategy alignment and execution
-Business acumen, leadership and sales training programs
-On-the-job business simulations and application tools.
We partner with nearly 450 organizations, including over 30 of the world's 100 largest global corporations. Our major clients are some of the most respected names in business such as Chevron, Citigroup, Coca-Cola, Microsoft, Salesforce, SAP, Tencent and Volvo Group
BTS is a public company listed on the Nasdaq Stockholm and trades under the symbol BTS B.
For more information, please visit www.bts.com