Brief: BTS Q1 Prelim EBITA Up At About SEK 41 Mln

BTS AB

03/05/2021 07:10

May 3 (Reuters) - BTS Group AB  BTSb.ST :
    * REG-BTS PROFIT FOR Q1 2021 APPROXIMATELY 30 PERCENT BETTER
THAN
IN Q1 2019
    * PRELIMINARY OPERATING PROFIT (EBITA) INCREASED
APPROXIMATELY 40
PERCENT TO APPROXIMATELY 41 MSEK IN Q1
    * PRELIMINARY OUTCOME FOR Q1 IS TO BE SET AGAINST OUTLOOK
FOR 2021
ACCORDING TO WHICH BTS IN YEAR-END REPORT FOR 2020 COMMUNICATED
THAT RESULT WILL BE "SIGNIFICANTLY HIGHER THAN IN 2020 AND IN
LINE WITH EARNINGS IN 2019
    * BACKGROUND TO IMPROVEMENT IN EARNINGS IN Q1 OF 2021 IS A
LARGE
INCREASE IN SALES OF COMPANY'S NEW VIRTUAL SOLUTIONS
    * PRELIMINARY PROFIT BEFORE TAX OF APPROXIMATELY SEK 30
MILLION
FOR Q1 OF 2021 CORRESPONDS TO AN INCREASE OF 30 PERCENT COMPARED
TO CORRESPONDING QUARTER OF 2019.
    * NET SALES IN Q1 AMOUNTED PRELIMINARY TO APPROXIMATELY SEK
388
MILLION, AN INCREASE ADJUSTED FOR CHANGES IN FOREIGN EXCHANGE
RATES OF 17 %

Source text for Eikon:  ID:nGNE4Cd1kB 
Further company coverage:  BTSb.ST 

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