Unchanged revenue ? 10 percent lower earnings ? good inflow of orders
January 1?June 30, 2014
Net turnover amounted to MSEK 347.9 (352.0). Adjusted for changes in foreign exchange rates, growth was -1 percent.
Profit before tax decreased by 10 percent to MSEK 31.5 (35.1).
Profit after tax decreased by 7 percent to MSEK 21.3 (22.8).
Earnings per share decreased by 7 percent to SEK 1.14 (1.23).
The second quarter 2014
Net turnover amounted to MSEK 193.7 (205.8). Adjusted for changes in foreign exchange rates, growth was -7 percent.
Profit before tax decreased by 32 percent to MSEK 22.9 (33.7).
Profit after tax decreased by 29 percent to MSEK 15.4 (21.8).
Earnings per share decreased by 29 percent to SEK 0.83 (1.17).
Profit before tax for the full-year 2014, is expected to be better than the preceding year, which differs from the previous report in which profit before tax was expected to be substantially better than the preceding year.
For further information pleas contact:
Senior Vice President
Corporate Communications and Investor Relations
BTS Group AB (publ)
Phone +46-8-5870 7002
Mobile +46-768-966 300
E-mail [email protected]
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 more than 350 professionals in 29 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, Telefonica, and Unilever.
BTS Group AB revenues were MSEK 688 in 2013.
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.
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. This information has been disclosed according to the Financial Instruments Trading Act and/or Securities Trading Act.