BTS Group AB (publ) Interim Report 1 January-30 June 2005
Strong growth in turnover and result
- During the first six months, net turnover rose by 27 per cent, totalling MSEK 137.5 (108.1) Adjusted for changes in exchange rates, growth amounted to 32 per cent. Net turnover rose during the second quarter by 40 per cent to MSEK 79.6 (56.7)
- Results for the first six months:
- operating profits rose by 32 per cent to MSEK 25.7 (19.5), which is equivalent to an operating margin of 19 (18) per cent.
- the result before tax increased by 53 per cent to MSEK 30.8 (20.1)
- the result after tax increased by 60 per cent to MSEK 20.4 (12.8)
- during the period, earnings per share rose by 58 per cent to SEK 3.43 (2.17).
- Result for the second quarter:
- operating profits rose by 49 per cent to MSEK 15.6 (10.5), which is equivalent to an - operating margin of 20 (19) per cent.
- the result before tax increased by 77 per cent to MSEK 19.1 (10.8)
- the result after tax increased by 90 per cent to MSEK 12.7 (6.7).
- New customers acquired during the first six months included Bacardi, Gap, Klövern,Maersk, Sony Ericsson and Tyco.
- BTS acquired SMG's "Learning Solutions" as from the middle of February. The integration of this company is proceeding according to plan. The company made positive contributions to the result for both the first and second quarters.
- A new BTS office has been opened in Beijing, China.
BTS Group AB is an international consultancy and training company active in the field of business acumen. BTS uses tailor-made computer simulation models to support company managers in implementing change and improving profitability. BTS solutions and services train the entire organisation to analyse and to take decisions centred on the factors that promote growth and profitability. This generates increased emphasis on profitability and market focus, and supports day-to-day decision-making, which in turn leads to tangible, sustainable improvements in profits. BTS customers are often leading major companies.