STOCKHOLM, Sweden, Feb. 12, 2015 (GLOBE NEWSWIRE) -- - BTS GROUP AB (publ), -- a world leading strategy implementation firm, has announced its year end report for the full year 2014. The report shows that BTS Group reversed the negative trend in 2013 and has returned to growth.
"During the second half of 2010 BTS returned to a more normal growth pattern. Revenues increased by 19 percent and earnings were up 48 percent. Implemented actions in North America paid of and created results. BTS is winning increasingly more and larger projects in the market. Our investments in digital solutions are providing us with more clients and increased revenue." said Henrik Ekelund, President and CEO if BTS Group AB in a comment.
BTS' cost efficiency is improving. The fourth quarter was very strong with a 29 percent growth in revenue and 77 percent improvement in earnings. BTS Europe had a good year with growth of 13 percent and BTS North America made a strong comeback in the second half of the year, after a weak first half, with a total growth of 10 percent. Performance was uneven in BTS Other Markets - development in Australia was very positive, Asia and Africa were stable, and Latin America was weak.
"Besides the strategically important acquisition of Fenestra in the US, we made major investments during 2014 - in the organization, marketing, product development - and our position going into 2015 in terms of order book, customer base and competitiveness is very strong," concludes Henrik Ekelund
Summary of 2014 and the fourth quarter
Full year 2014
- Net sales amounted to MSEK 781.5 (688.2). Adjusted for changes in foreign exchange rates, growth was 9 percent.
- Profit before tax increased by 19 percent to MSEK 82.9 (69.7).
- Profit after tax increased by 17 percent to MSEK 56.1 (47.8).
- Earnings per share increased by 17 percent to SEK 3.01 (2.57).
Fourth Quarter 2014
- Net sales amounted to MSEK 244.3 (171.5). Adjusted for changes in foreign exchange rates, growth was 29 percent.
- Profit before tax increased by 82 percent to MSEK 30.9 (17.0).
- Profit after tax increased by 66 percent to MSEK 20.7 (12.5).
- Earnings per share increased by 66 percent to SEK 1.11 (0.67).
Proposed dividend is SEK 1.75 (1.75) per share
For more information, please contact:
Senior Vice President
Corporate Communications and Investor Relations
BTS Group AB
Phone +46-8-5870 7002
Mobile +46-768-966 300
About BTS Group
BTS is a world leading strategy implementation firm. The company accelerates execution by ensuring the workforce is aligned to the strategy, has the right mindset, and has mastered the capabilities needed to deliver business results. BTS leverages customized business simulations and experiential learning initiatives to develop the business acumen, leadership and sales capabilities necessary for superior strategy execution. Partnering with today's leading corporations, BTS consultants bring passion and deep industry expertise to deliver high-impact solutions that help clients achieve better results, faster.
Headquartered in Stockholm, Sweden, BTS has more than 400 professionals in 32 offices located on six continents. Partnering with nearly 400 organizations, including more than 30 of the world's largest corporations, BTS' major clients are some of the most respected names in business: Anglo American, AT&T, Chevron, Coca-Cola, Ericsson, HP, Rio Tinto, Telefonica, and Unilever.
BTS Group AB revenues were MSEK 781,5 in 2014.
BTS is a public company listed on the NASDAQ-OMX Stockholm exchange and trades under the symbol BTS b.
For more information, please visit www.bts.com.
Please also visit our newsroom at http://www.mynewsdesk.com/se/bts
The complete 2014 End Year Report is available at BTS Group's website: http://ir.bts.com/reports.cfm
Disclaimer: Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation. This information has been disclosed according to the Financial Instruments Trading Act and/or Securities Trading Act.
Source:BTS Group AB