Skip to main content

BTS Group AB (publ) Interim report January-June 2025

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

P R E S S R E L E A S E

Stockholm, August 22, 2025

New leadership for BTS North America – strong organic growth in BTS Europe and BTS Other markets

April 1 – June 30, 2025

  • Net sales amounted to MSEK 721 (730). Currency adjusted growth was 7%, whereof 2% was organic.
  • EBITA decreased 23% to MSEK 84 (110).
  • EBITA margin was 11.7 (15.1) %.
  • Profit after tax decreased 35% to MSEK 39 (60).
  • Earnings per share decreased 35% to SEK 2.03 (3.11).

January 1 – June 30, 2025 

  • Net sales amounted to MSEK 1,368 (1,348). Currency adjusted growth was 5%, whereof 2% was organic. 
  • EBITA decreased 15% to MSEK 143 (169).
  • EBITA margin was 10.5 (12.5) %.
  • Profit after tax amounted to MSEK 65 (114). Excluding reversed provisions of earn-out 2024, the profit after tax decreased 24% to MSEK 65 (85). 1)
  • Earnings per share amounted to SEK 3.35 (5.86). Excluding reversed provision of earn-out 2024, earnings per share decreased 24% to SEK 3.35 (4.39).

“BTS North America implements a new profitability and growth strategy under new leadership – BTS Europe and BTS Other markets showed strong organic growth in the quarter.”
Jessica Skon, CEO of BTS Group AB 

Outlook 2025 
As communicated in a separate press release on August 4, we estimate that the result (EBITA) for 2025 will be worse than in 2024.

FINANCIAL SUMMARY

MSEK Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Jul–Jun 2024/2025 Jan–Dec 2024
Net sales 721 730 1,368 1,348 2,821 2,802
     Currency adjusted growth 7% 3% 5% 5% 5% 5%
EBITA 84 110 143 169 339 365
     EBITA margin 11.7% 15.1% 10.5% 12.5% 12.0% 13.0%
EBIT 65 95 106 138 266 298
     EBIT margin 9.0% 13.0% 7.7% 10.2% 9.4% 10.6%
Profit after tax 39 60 65 114 338 387
Profit after tax, excl. reversed earn-out provision 1) 39 60 65 85 171 191
Cash flow from operating activities –40 –10 –97 17 272 386
Earnings per share, SEK 2) 2.03 3.11 3.35 5.86 17.42 19.93
Earnings per share, SEK, excl. reversed earn-out provision 1) 2) 2.03 3.11 3.35 4.39 8.80 9.84
Net debt (+) / net cash (–) 123 –76 123 –76 123 –282
Number of employees (EOP) 1,1723) 1,099 1,1723) 1,099 1,1723) 1,172 

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 29 for the first half of the year. For increased comparability, the 2024 profit before and after tax in this interim report is presented, including and excluding this reversal.
2) Before and after dilution of shares.
3) Acquisitions since the end of the second quarter previous year, have brought in 103 new employees.

For more information, please contact:

Michael Wallin
Head of investor relations
BTS Group AB
michael.wallin@bts.com
+46-8-587 070 02
+46-708-78 80 19

This information is information that BTS Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on August 22, 2025.

About BTS Group

BTS is a global professional services firm headquartered in Stockholm, Sweden. BTS has about 1,200 professionals in 38 offices located on six continents. BTS competes in both talent and HR consulting as well as the traditional consulting markets. BTS’s services support a broad range of client challenges including top-to-bottom and on-demand leadership development, talent selection and readiness, strategy creation and strategy implementation, as well as culture and broad-scale change. For over 35 years, BTS has been focused on the people-side of change and on powering better performance using proprietary simulation, learning, coaching, and assessment methodologies. We partner with nearly 1,200 organizations, including over 40 of the world’s 100 largest global corporations.

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.

 

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.