BTS Group AB (publ) Interim report 1 January – 31 March 2020

Profit decreases by 59 percent in the first quarter

January 1 – March 31, 2020

• Net sales amounted to MSEK 372 (376). Adjusted for changes in foreign exchange rates, sales decreased by 4 percent.
• Operating profit (EBITA) decreased by 59 percent to MSEK 12 (30).
• The operating margin (EBITA margin) was 3.2 percent (7.9).
• Profit after tax decreased by 82 percent to MSEK 3 (16).
• Earnings per share decreased by 82 percent to SEK 0.15 (0.85).
• A global pandemic broke out in the first quarter of 2020 due to coronavirus COVID-19. The pandemic negatively affected the Group’s sales and earnings at the end of the quarter.

CEO comment

“From March 1 to the day of this report, BTS has won more than MSEK 350 in new digital and virtual projects in more than 150 customer projects for delivery as of the second quarter.”

Outlook for 2020

There is currently considerable uncertainty about how revenues for physical, digital and virtual deliveries will develop during the year, and we do not currently have sufficient data to provide a financial outlook for the year.

For more information, please contact:

Michael Wallin
Head of investor relations
BTS Group AB
[e-mail]
[phone]
[phone]

This information is information that BTS Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on May 14, 2020.

About BTS Group AB (publ)

BTS is a global professional services firm headquartered in Stockholm, Sweden, with more than 860 professionals in 35 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 more than 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: Strategy execution, Leadership development programs, Assessment, Developing business acumen, Transforming sales organizations, Coaching, and Digital solutions, events and services.
We partner with nearly 450 organizations, including over 30 of the world’s 100 largest global corporations. Our major clients are e.g.: ABB, Chevron, Coca-Cola, Ericsson, EY, HP, Mercado Libre, Salesforce.com, SAP, and Tencent.
BTS is a public company listed on the Nasdaq Stockholm exchange and trades under the symbol BTS B.
For more information, please visit www.bts.com.

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.

 

 

 

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