BTS Group AB Class B ( (BGPBF) ) has released its Q3 earnings. Here is a breakdown of the information BTS Group AB Class B presented to its investors.
BTS Group AB is a global professional services firm headquartered in Stockholm, Sweden, with a focus on leadership development, talent selection, strategy creation, and change management. The firm operates in the talent and HR consulting sectors and is renowned for its simulation, learning, coaching, and assessment methodologies.
In its latest earnings report, BTS Group AB reported a commendable growth in net sales and profitability for the third quarter of 2024. The company achieved a net sales increase of 8% on a currency-adjusted basis, with organic growth contributing 5%. EBITA rose by 13% to SEK 60 million, and the EBITA margin improved to 9.2%. The profit after tax saw a significant jump, largely due to a reversed provision of earn-out related to a previous acquisition.
Key highlights from the report include a strong performance in BTS Other Markets with a 16% growth, driven partly by the acquisition of SEAC, a leadership consultancy firm. BTS North America recorded a 6% growth despite some market hesitancy, and BTS Europe rebounded with a 5% growth following sales initiatives and project launches. The launch of the AI tool Verity, part of the Wonderway acquisition, also marked a strategic advancement in AI-driven consulting services.
Looking ahead, BTS Group’s management maintains an optimistic outlook for the remainder of 2024, expecting the full-year EBITA to surpass that of 2023. The integration of new acquisitions and the ongoing demand for BTS’s services position the company well for continued growth across its global markets.
