Stockholm, Sweden, 2015-05-07 08:05 CEST (GLOBE NEWSWIRE) --
- Net sales amounted to MSEK 218.3 (154.2). Adjusted for changes in foreign exchange rates, growth was 15 percent.
- Profit before tax increased by 37 percent to MSEK 11.6 (8.5).
- Profit after tax rose 33 percent to MSEK 7.8 (5.9).
- Earnings per share increased by 31 percent to SEK 0.42 (0.32).
As announced earlier, BTS has completed the acquisition of the South African company AVO Vision.
New clients during the first quarter include Citizens Bank, Danone, Gas Natural, Sandoz, Uber and Visa.
CEO Comment
"Continued growth
BTS started the year well with an earnings increase of 37 percent in the first quarter.
The improvement is driven by BTS North America which is showing very good growth and increased earnings and is getting extra wind in its sales from the higher dollar rate. BTS Europe started 2015 with a quarter without growth, but order intake has been high and a large proportion of development projects were delivered and the prospects for the full year are positive. In BTS Other Markets both revenues and earnings increased by 17 percent. APG is showing good growth and with increased earnings.
BTS won a large number of important global projects at the beginning of 2015. Our investments in marketing, products, the organization and digital solutions are showing results. BTS’s competitiveness is very good. Combining BTS’s solutions with Fenestra’s, which we acquired in the fourth quarter of last year, opens a new segment for BTS – assessments for recruitment and development – where we offer our customers innovative and effective solutions. For the full year 2015 our assessment is that earnings will be better than in 2014.." said Henrik Ekelund President and CEO of BTS Group AB in comment to the results of the first quarter 2015.
Stockholm, May 7, 2015
For further 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
Notes to the editor about BTS Group AB
BTS is a world leading strategy implementation and execution 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 400 professionals in 32 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: Google, Tencent, Atlas Copco, Chevron, Coca-Cola, Ericsson, HP, and Unilever.
BTS Group AB revenues were MSEK 781,5 in 2014.
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
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.
