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BTS Group AB (publ) Quarterly report April 1-June 30, 2016

STOCKHOLM, Sweden, Aug. 18, 2016 (GLOBE NEWSWIRE) -- Second quarter strong in Europe and Other Markets, weak in North America

Interim report January 1-June 30, 2016

  • Net sales amounted to MSEK 506.0 (502.9). Adjusted for changes in foreign exchange rates, growth was 4 percent.
  • Profit before tax decreased by 15 percent to MSEK 41.3 (48.5).
  • Profit after tax decreased by 15 percent to MSEK 27.6 (32.4).
  • Earnings per share decreased by 15 percent to SEK 1.48 (1.74).

Second quarter 2016

  • Net sales amounted to MSEK 282.0 (284.6). Adjusted for changes in foreign exchange rates, growth was 4 percent.
  • Profit before tax decreased by 12 percent to MSEK 32.5 (36.8).
  • Profit after tax decreased by 11 percent to MSEK 21.9 (24.6).
  • Earnings per share decreased by 11 percent to SEK 1.17 (1.32).

Forecast

Profit before tax is expected to be in line with the previous year. The outlook deviates from the previous report when the outlook was anticipated to be better than last year.

For further information please contact:

Michael Wallin
Head of Investor Relations
BTS Group AB
Phone: 08-587 070 02
Mobile: 0708-78 80 19
E-mail: Michael.wallin@bts.com

About BTS Group AB
BTS is a global professional services firm headquartered in Stockholm, Sweden, with some 450 professionals in 34 offices located on six continents. We focus on the people side of strategy, working with leaders at all levels to help them make better decisions, convert those decisions to actions and deliver results. At our core, we believe people learn best by doing. For 30 years, we've been designing fun, powerful experiences that have a profound and lasting impact on people and their careers. We inspire new ways of thinking, build critical capabilities and unleash business success. It's strategy made personal.

We serve a wide range of strategy execution and talent development needs. Our services span the employee lifecycle from assessment centers for talent selection and development to strategy alignment and execution initiatives, and from business acumen, leadership and sales training programs to on-the-job business simulations and application tools. We partner with nearly 450 organizations, including over 30 of the world's 100 largest global corporations. Our major clients are some of the most respected names in business: AT&T, Chevron, Coca-Cola, Ericsson, Google, GSK, HP, HSBC, Salesforce.com and Unilever.

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.

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