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BTS Group AB (publ)Q3 – 2013 Interim ReportStockholmThursday November 7, 2013
Henrik EkelundPresident and CEO
© BTS Group AB (publ.) 2013
Business highlights Jan – Sept, 2013
Flat earnings during the third quarter. BTS finalize the acquisition of Wizerize; adding
powerful technology to our portfolio..
Business overview:- BTS USA; negative growth, turnaround takes
longer than expected.
- BTS Europe; continued improvement in both revenues and results.
- Continued fast growth in BTS Other Markets, investments in strategic markets around the Arabian Gulf.
- BTS Australia is growing after four weak quarters.
- New clients included: Airbus, Banco Santander, Cepsa, DBS Bank, Genworth, Hempel, Hoerbiger, ITM Brazil, Novartis and Telefonica Mexico
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Jan – Sept 2013 Jan – Sept 2012 Change
Revenue 516.7 556.7 -3%*EBITA 53.6 64.5 -17%EBIT 52.6 63.4 -17%Profit before tax 52.7 62.7 -16%Profit after tax 35.4 40.8 -13%Earnings per share 1.90 2.26 -16%EBITA Margin 10% 12%EBIT Margin 10% 11%
Jan – Sept, 2013
(MSEK)
* adjusted for changes in exchanges rates
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Jan – Sept, 2013
Jan – Sept 2013 Jan – Sept 2012 Change.* EBITA Margin
Total Revenue 516.7 556.7 -3% 10%(12%)
BTS North America 229.8 287.8 -17% 13%(17%)
BTS Europe 117.9 98.5 +23% 14%(7%)
BTS Other Markets 95.2 96.8 +8% 8%(11%)
APG 73.8 73.6 +5% 0%(-2%)
(MSEK)
* adjusted for changes in exchanges rates
Revenue per Business Unit
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Jul – Sept 2013 Jul – Sept 2012 Change
Revenue 164.7 178.4 -4%*
EBITA 17.7 18.4 -4%EBIT 17.4 18.0 -3%Profit before tax 17.6 17.7 -0.3%Profit after tax 12.6 11.8 +7%Earnings per share 0.68 0.65 +5%EBITA Margin 11% 10%EBIT Margin 11% 10%
July – Sept, 2013
(MSEK)
* adjusted for changes in exchanges rates
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Jul – Sept, 2013
Jul – Sept 2013 Jul – Sept 2012 Change.* EBITA Margin
Total Revenue 164.7 178.4 -4% 11%(10%)
BTS North America 67.4 85.6 -19% 8%(13%)
BTS Europe 37.6 33.4 +14% 16%(5%)
BTS Other Markets 37.4 36.4 +14% 16%(15%)
APG 22.3 23.0 +/-0% 0%(-1%)
(MSEK)
* adjusted for changes in exchanges rates
Revenue per Business Unit
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Profit development by quarter
2009 - 2013
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Outlook for 2013
The result before tax is expected to be lower than last year
Q3– 2013 interim report
Profit before tax for the full-year 2013, is expected to be lower than the preceding year, which differs from the previous report when profit before tax was expected to be in line with the preceding year
© BTS Group AB (publ.) 2013
BTS Revenues 2002 - 2012
MSEK2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
100
200
300
400
500
600
700
800
900
172 162
206
286
379
523548
595
695 698
770
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Profit after Tax 2002 – 2012
MSEK2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
6.4 7.3
19.3
36.838.6
48.8
45.0 44.3
59.257.7
63.7
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Business Principles
We focus on long-term growth and profit.
We invest during downturns. We continue to grow during downturns
by focusing:- on the right customers- the right projects- and creating the right results for
our customers.
In summary, we have three main principles guiding us through the ups and downs of business cycles:
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
BTS Global Footprint – 2013
29 offices in 19 countries
+ 370 employees
30 nationalities
> 1,000,000 participants
27 of the worlds 100 largest companies are customers
Munich, Germany is the latest addition to the BTS global coverage
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
Fourth Growthphase 2010 –
A. Strengthen our core!
B. Serve our clients wider & higher- deliver more value !
C. Expand into selected new markets !
Q3– 2013 interim report
© BTS Group AB (publ.) 2013
BTS Group AB (publ)Investor Relation Contact:
Thomas AhlerupSenior Vice President
Corporate Communication and Investor Relationsthomas.ahlerup@bts.com
Mobile: +46-768-966 300
Q3– 2013 interim report