Stockholm, Sweden, 2012-11-08 08:01 CET (GLOBE NEWSWIRE) --
January 1–September 30, 2012
- Net turnover amounted to MSEK 556.7 (494.5). Adjusted for changes in foreign exchange rates, growth was 8 percent.
- Profit before tax increased by 16 percent to MSEK 62.7 (54.1).
- Profit after tax increased by 15 percent to MSEK 40.8 (35.6).
- Earnings per share increased by 15 percent to SEK 2.26 (1.97).
The third quarter 2012
- Net turnover amounted to MSEK 178.4 (164.3). Adjusted for changes in foreign exchange rates, growth was 7 percent.
- Profit before tax increased by 2 percent to MSEK 17.7 (17.3).
- Profit after tax increased by 2 percent to MSEK 11.8 (11.6).
- Earnings per share increased by 2 percent to SEK 0.65 (0.64).
The subsidiary APG is having a significant negative impact.
During the nine-month period, revenue growth (currency-adjusted) was 8 percent including APG, 16 percent excluding APG; earnings growth was 16 percent including 16 APG and 25 percent excluding APG.
CEO COMMENTS
Continued growth in a tougher market.
BTS’ revenue increased by 8 percent during the first nine months of 2012 and 7 percent during the third quarter. Excluding the subsidiary APG, BTS grew by 16 percent during the first nine months of the year. BTS Europe and BTS Other markets continued to grow more than 20 percent during the third quarter, while BTS USA decelerated. It is a tougher market. The slowdown in the global economy is a fact. Companies’ willingness to invest is decreasing. BTS’ recipe for success in this market is 1: right clients, 2: right projects, 3: excellent quality and results. Our goal is to achieve continued growth during a weaker period in the global economy.
Stockholm, November 8, 2012
Henrik Ekelund
President and CEO of BTS Group AB (publ)
To read the full report, please see attached interim report
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 approximately 350 professionals in over 25 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, Sony, Telefonica, and Unilever.
BTS Group AB revenues were 697.7 in 2011. BTS is a public company listed on the NASDAQ-OMX Stockholm and trades under the symbol BTS b.
For more information, please visit www.bts.com.
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
