BTS Group AB (PUBL) Interim report January 1 – June 30, 2023
18 Agosto 2023 - 12:00AM
BTS Group AB (PUBL) Interim report January 1 – June 30, 2023
P R E S S R E L E A S E
Stockholm, August 18, 2023
Cautious market leading to flat revenue and lower
margins
January 1 – June 30, 2023
- Net sales amounted to MSEK 1,282 (1,188). Adjusted for changes
in foreign exchange rates, net sales increased 1 percent.
- EBITA decreased 9 percent to MSEK 153 (168).
- The EBITA margin was 12.0 (14.2) percent.
- Profit after tax decreased 13 percent to MSEK 83 (96).
- Earnings per share decreased 13 percent to SEK 4.30
(4.97).
Second quarter 2023
- Net sales amounted to MSEK 703 (664). Adjusted for changes in
foreign exchange rates, the revenue growth was flat.
- EBITA decreased 5 percent to MSEK 106 (112).
- The EBITA margin was 15.1 (16.8) percent.
- Profit after tax decreased 10 percent to MSEK 61 (68).
- Earnings per share decreased 10 percent to SEK 3.14
(3.49).
Downgraded outlook for 2023
The result is expected to be in line with the preceding year,
which deviates from the previous report, when the result was
expected to be better than the preceding year.
CEO comments, Jessica Skon
“The workforce planning and efficiency initiatives started in
the first quarter in BTS North America and BTS Other markets are
starting to take effect. While we expect full realization of value
in the third and fourth quarters, BTS Other markets was able to
increase profit during the second quarter despite slow revenue
growth.”
For more information, please contact:
Michael Wallin Head of investor relations BTS Group AB
michael.wallin@bts.com +46-58 70 70 02 +46-708-78 80 19
This information is information that BTS Group AB is obliged
to make public pursuant to the EU Market Abuse Regulation and the
Securities Markets Act. The information was submitted for
publication, through the agency of the contact person set out
above, at 07:00 CEST on August 18, 2023.
About BTS Group AB
BTS is a global professional services firm headquartered in
Stockholm, Sweden, with about 1,200 professionals in 37 offices
located on six continents. For over 30 years, we’ve been partnering
with our clients to enable strategy execution. At BTS, we believe
that success comes from people understanding how their daily work
impacts business results, so we provide the skills, tools, and
knowledge your people need to take the right action at the right
moment.
We are experts in behavior change and care deeply about both
delivering results for our clients and ensuring that their people
do the best work of their lives. Our engagements range from
embedded multi-year transformation projects to brief, targeted
capability development.
It’s strategy made personal.
Our primary practice areas include Change and transformation,
Leadership development and Sales and marketing. In support of
offerings from our primary practice areas, we have centers of
excellence in Assessments for talent selection and development,
Business acumen and innovation skill-building and Coaching as a
practical tool to shift mindsets and turn strategy into action.
We’ve partnered with over 1,200 organizations, including over 40
of the world’s 100 largest global corporations. Our major clients
are some of the most respected names in business: Salesforce, SAP,
Abbott, Tetra Pak, EY, Tencent, Vale, and BHP.
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.
- BTS Group AB (PUBL) Interim report January 1 - June 30,
2023
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