Sweden's BTS Group Q2 sales rise on increased AI demand
Sweden's BTS Group Q2 sales rise on increased AI demand
Overview
Sweden HR consulting firm's Q2 net sales rose 6% yr/yr, all organic growth
Q2 EBITA increased 11% and margin improved to 12.3%
Company upgraded 2026 outlook, now sees EBITA significantly better than 2025
Outlook
BTS Group raises 2026 EBITA outlook to 'significantly better' than 2025 from 'better'
Company says AI continues to drive demand for its core services
Result Drivers
AI-DRIVEN DEMAND - Co said demand was driven by organizations prioritizing the people side of AI-related change, with CEOs focusing on building applied AI culture and skills
EARN-OUT PROVISION IMPACT - Q2 profit after tax was negatively affected by an increased earn-out provision related to a prior acquisition
Company press release: ID:nGNE1q4DLh
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 767 mln |
|
Q2 Loss Per Share |
| SEK 0.06 |
|
Q2 Net Loss |
| SEK 1 mln |
|
Q2 EBITA |
| SEK 94 mln |
|
Q2 EBITA Margin |
| 12.30% |
|
Analyst Coverage
Wall Street's median 12-month price target for BTS Group AB is SEK172.50, about 1.1% below its August 13 closing price of SEK174.40
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
Aug 12 - Singapore's HRnetGroup H1 profit falls on lower other income
Aug 11 - Denmark's ISS Q2 organic growth rises on new contract wins; increases buyback
Aug 11 - Finland's Siili Solutions Q2 revenue falls, cuts guidance
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)