In This Article:
P R E S S R E L E A S E
Stockholm, February 26, 2025
Rebound continued for BTS Europe and good momentum for our AI tools
October 1 – December 31, 2024
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Net sales MSEK 796 (768). Currency adjusted growth 3%, whereof 0% was organic.
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EBITA –2%, MSEK 136 (139).
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EBITA margin 17.0 (18.1) %.
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Profit after tax amounted to MSEK 84 (110). Excluding reversed provisions of earn-out, the profit after tax increased 1 percent to 82 (81). 1)
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Earnings per share amounted to SEK 4.31 (5.66). 2)
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Excluding reversed provision of earn-out, earnings per share increased 1% to SEK 4.24 (4.20). 1)
January 1 – December 31, 2024
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Net sales MSEK 2,802 (2,683). Currency adjusted growth +5%, whereof 3% was organic.
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EBITA +6 %, MSEK 365 (346).
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EBITA margin 13.0 (12.9) %.
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Profit after tax amounted to MSEK 387 (215). Excluding reversed provision of earn-out, the profit after tax increased 3% to MSEK 191 (186). 1)
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Earnings per share amounted to SEK 19.95 (11.08). 2)
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Excluding reversed provisions of earn-out, earnings per share increased 3% to SEK 9.86 (9.62). 1)
Jessica Skon, CEO of BTS Group AB:
“2024 was defined by 6 percent EBITA growth, a rebound for BTS Europe in the second half and good momentum for our AI tools. In a tough market, we were able to defend our EBITA margin. We have made the investments needed to achieve faster growth in 2025.”
Outlook 2025
The result (EBITA) is expected to be better than in 2024.
Dividend
The Board proposes a dividend of SEK 6.10 (5.70) per share to be paid on two occasions in the amount of SEK 3.05 per payment.
FINANCIAL SUMMARY
| MSEK | Oct—Dec 2024 | Oct—Dec 2023 | Jan—Dec 2024 | Jan—Dec 2023 |
| Net sales | 796 | 768 | 2 802 | 2 683 |
| Currency adjusted growth | 3% | 6% | 5% | 2% |
| EBITA | 136 | 139 | 365 | 346 |
| EBITA margin | 17.0% | 18.1% | 13.0% | 12.9% |
| EBIT | 118 | 122 | 298 | 288 |
| EBIT margin | 14.8% | 15.9% | 10.6% | 10.7% |
| Profit after tax | 84 | 110 | 387 | 215 |
| Profit after tax, excl. reversed earn-out provision 1) | 82 | 81 | 191 | 186 |
| Cash flow from operating activities | 222 | 225 | 386 | 166 |
| Earnings per share, SEK 2) | 4.31 | 5.66 | 19.95 | 11.08 |
| Net debt (+) / net cash (—) | -282 | -230 | -282 | -230 |
| Number of employees (EOP) | 1,172 | 1,111 | 1,172 | 1,111 |
1) During 2024, two provisions of earn-out related to the earlier acquisitions RLI and Netmind were reversed, impacting the net financial items positively by MSEK 29 in the first quarter and MSEK 166 in the third quarter. During the fourth quarter 2023, a provision of earn-out related to the earlier acquisition of MTAC was reversed, impacting the net financial items positively by MSEK 28.
2) Before and after dilution of shares.