BTS Group AB (publ) Interim Report January 1 - March 31, 2014

Turnover and earnings increased during the first quarter

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| Source: BTS Group AB

Stockholm, Sweden, 2014-05-13 08:01 CEST (GLOBE NEWSWIRE) --  

  • Net turnover amounted to MSEK 154.2 (146.2). Adjusted for changes in foreign exchange rates, growth was 6 percent.
  • Profit before tax increased to MSEK 8.5 (1.4).
  • Profit after tax increased to MSEK 5.9 (1.0).
  • Earnings per share increased to SEK 0.32 (0.06).
  • During the quarter, new offices were opened in Dubai and in Rome.
  • Significant investments and innovations in BTS Digital.
  • New clients secured during the first quarter included Bloomberg, Diaverum, Google, Hilton Hotels, Sharp and Twitter.

 

CEO COMMENTS

Several good pieces of news during the first quarter

“The good earnings trend is continuing in BTS Europe. Meanwhile, we are increasing our presence through an office in Rome in order to meet demand from a number of Italian companies. BTS Other markets is showing good growth and increased earnings, and the previous challenges in Australia have been handled successfully and the operations there are now performing positively. In North America, which has shown significant negative growth during the past six quarters, we are levelling out. We are making significant investments in BTS Digital and are releasing several new innovations, which means that BTS digital solutions will be even more effective and can be delivered to all leading digital platforms. We expect that earnings in 2014 will be substantially better than during 2013.”

Henrik Ekelund, President and CEO, BTS Group AB

 

 

For more information, please contact:

Thomas Ahlerup

Senior Vice President

Corporate Communications and Investor Relations

BTS Group AB

Phone                         +46-8-5870 7002

Mobile                         +46-768-966 300

E-mail                         thomas.ahlerup@bts.com

 

About BTS Group

BTS is a world leading strategy implementation firm. The company accelerates execution by ensuring the workforce is aligned to the strategy, has the right mindset, and has mastered the capabilities needed to deliver business results. BTS leverages customized business simulations and experiential learning initiatives to develop the business acumen, leadership and sales capabilities necessary for superior strategy execution. Partnering with today’s leading corporations, BTS consultants bring passion and deep industry expertise to deliver high-impact solutions that help clients achieve better results, faster.

Headquartered in Stockholm, Sweden, BTS has more than 350 professionals in 29 offices located on six continents. Partnering with nearly 400 organizations, including more than 30 of the world’s largest corporations, BTS’s major clients are some of the most respected names in business: Anglo American, AT&T, Chevron, Coca-Cola, Ericsson, HP, Rio Tinto, Telefonica, and Unilever.

BTS Group AB revenues were MSEK 688 in 2013.

BTS is a public company listed on the NASDAQ-OMX Stockholm exchange and trades under the symbol BTS b.

For more information, please visit www.bts.com.

Please also visit our newsroom at http://www.mynewsdesk.com/se/bts

Disclaimer: Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation. This information has been disclosed according to the Financial Instruments Trading Act and/or Securities Trading Act.