BTS Group AB (publ) Interim report January – March 2025
In This Article:
P R E S S R E L E A S E
Stockholm, May 16, 2025
BTS developing as planned, despite geopolitical uncertainty
January 1 – March 31, 2025
-
Net sales amounted to MSEK 647 (619). Currency adjusted growth was 3%, whereof 1% was organic.
-
EBITA remained unchanged, MSEK 59 (58).
-
EBITA margin was 9.1 (9.5)%.
-
Profit after tax amounted to MSEK 25 (53). Excluding reversed provisions of earn-out 2024, the profit after tax remained unchanged, MSEK 25 (25).1
-
Earnings per share amounted to SEK 1.33 (2.75). Excluding reversed provision of earn-out 2024, earnings per share increased 2% to SEK 1.33 (1.30). 2 3
“AI and automation are driving the next wave of productivity. In a first phase of scaled adoption, we expect about USD 5 million in cost savings across the Group, to be realized between the third quarter 2025 and through the first quarter 2026.”
Jessica Skon, CEO of BTS Group AB
Outlook 2025
The outlook for 2025 remains unchanged; we believe the result (EBITA) will be better than in 2024, with some reservations about currency developments given the current uncertainty and volatility surrounding the US dollar.
| FINANCIAL SUMMARY |
|
| Jan-Mar | Jan-Mar | Apr-Mar | Jan-Dec |
| MSEK |
|
| 2025 | 2024 | 2024/2025 | 2024 |
| Net sales |
|
| 647 | 619 | 2830 | 2802 |
| Currency adjusted growth |
|
| 3% | 7% | 4% | 5% |
| EBITA |
|
| 59 | 58 | 365 | 365 |
| EBITA margin |
|
| 9.1% | 9.5% | 12.9% | 13.0% |
| EBIT |
|
| 41 | 43 | 296 | 298 |
| EBIT margin |
|
| 6.3% | 7.0% | 10.4% | 10.6% |
| Profit after tax |
|
| 25 | 53 | 359 | 387 |
| Profit after tax, excluding the reversed provision of earn-out |
| 25 | 25 | 191 | 191 | |
| Cash flow from operating activities |
|
| -58 | 27 | 301 | 386 |
| Earnings per share, SEK |
|
| 1.33 | 2.75 | 18.50 | 19.93 |
| Earnings per share, excluding earn-out |
|
| 1.33 | 1.30 | 9.87 | 9.84 |
| Net debt (+)/net cash (-) |
|
| -53 | -196 | -53 | -282 |
| Number of employees (EOP) |
|
| 1178 | 1103 | 1178 | 1172 |
1 During the first quarter 2024, a provision of earn-out related to the earlier acquisition of RLI was reversed, impacting the net financial items positively by MSEK 28. For increased comparability, the 2024 profit before and after tax in this interim report is presented, including and excluding this reversal.
2 During the first quarter 2024, a provision of earn-out related to the earlier acquisition of RLI was reversed, impacting the net financial items positively by MSEK 28. For increased comparability, the 2024 profit before and after tax in this interim report is presented, including and excluding this reversal.
3 Before and after dilution of shares.
For more information, please contact: