Brief: BTS Group Q2 Profit After Tax Up At SEK 68 Mln

BTS AB

18/08/2022 07:17

Aug 18 (Reuters) - BTS Group AB  BTSb.ST :
    * Q2 PROFIT AFTER TAX 68 MILLION SEK
    * Q2 EARNINGS PER SHARE 3.49 SEK
    * UPGRADED OUTLOOK FOR 2022
    * RESULT IS EXPECTED TO BE SIGNIFICANTLY BETTER THAN IN
PRECEDING
YEAR, WHICH DEVIATES FROM PREVIOUS REPORT WHEN RESULT WAS
EXPECTED TO BE BETTER THAN IN PRECEDING YEAR
    * HOWEVER, MARKET CONDITIONS HAVE TURNED MORE VOLATILE AND
LESS
PREDICTABLE AND WE HAVE SEEN AN INCREASED RATE OF CANCELLATIONS
FROM SOME CLIENTS, WHICH MAKES OUR OUTLOOK MORE UNCERTAIN THAN
USUAL
    * Q2 NET SALES AMOUNTED TO MSEK 664 (480)
    * Q2 OPERATING PROFIT (EBITA) INCREASED 36 PERCENT TO MSEK
112
(82)
    * Q2 OPERATING MARGIN (EBITA MARGIN) WAS 16.8 PERCENT (17.1)
    * Q2 PROFIT AFTER TAX INCREASED 36 PERCENT TO MSEK 68 (50)

Source text for Eikon:  ID:nGNE2dX00l 
Further company coverage:  BTSb.ST 

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