BTS Group AB Class B

BTS Group AB Class B

20.35
EUR
+0.30
(+1.50%)
0.43EPS
35.05P/E
296.77MMarket Cap
Nov 06Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
37.02
41.91
55.98
59.4
65.79
84.55
96.57
75.79
99.17
130.57
138.4
144.46
139.36
139.45
Basic EPS, GAAP
2.57
3.01
3.89
3.96
5.2
6.67
7.8
1.82
11.11
10.24
11.08
19.93
6.89
4.84
Free Cash Flow per Basic Share
1.72
1.27
2.08
1.83
4.26
7.35
9.94
11.48
15.14
7.17
6.47
18.16
8.18
12.67
Dividend per Share
1.73
1.74
1.75
2.35
2.47
2.8
3.58
3.6
1.2
4.8
5.4
5.7
6.1
5.25
Book Value per Share
19.14
23.3
25.92
29.13
30.74
37.04
43.47
36.75
50.75
62.66
67.06
85.8
74.55
77.86
Tangible Book Value per Share
10.55
10.5
12.32
12.29
3.83
9.3
11.46
4.45
1.97
9.52
2.22
11.87
0.24
0.88
Basic Weighted Avg Shares
19
19
19
19
19
19
19
19
19
19
19
19
19
19
Sales/Revenue/Turnover
688
781
1,044
1,108
1,243
1,598
1,865
1,464
1,917
2,530
2,683
2,802
2,703
2,705
Operating Margin (%)
10.15
10.54
10.48
10.08
10.65
11.47
12.1
4.41
13.33
11.99
10.74
10.64
7.4
7.98
Depreciation Expense
8
9
12
14
18
31
86
91
104
117
134
141
143
139
Net Income, GAAP
48
56
73
74
98
126
151
35
215
198
215
386
134
94
Effective Tax Rate (%)
31.35
32.34
33.55
33.44
25.33
29.85
30.36
31
25.76
31.51
27.21
17.24
19.67
28.72
Profit Margin (%)
6.95
7.18
6.95
6.66
7.9
7.89
8.08
2.41
11.2
7.84
8.01
13.79
4.94
3.47
Working Capital
175
173
217
305
336
407
353
320
379
479
426
618
638
562
LT Debt
- -
- -
13
27
85
63
175
346
227
179
171
329
602
503
Total Equity
356
435
483
543
581
704
840
710
983
1,214
1,301
1,665
1,445
1,510
Return on Invested Capital (%)
13.35
13.3
14.6
13.44
15.89
17.8
17.03
4.1
19.11
14.57
12.51
12.26
7.27
5.65
Return on Capital (%)
14.04
14.21
15.66
13.96
16.04
17.98
17.31
4.23
19.33
14.8
14.03
20.66
7.28
4.56
Return on Common Equity (%)
14.02
14.19
15.81
14.38
17.47
19.64
19.53
4.55
25.36
18.06
17.09
26.07
8.59
6.25

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
122
95
104
LT Borrowings
515
503
503
LT Finance Leases
88
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
19
19
Market Capitalization
2,782
2,676
3,287

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,544
1,426
1,490
Cash, Cash Equivalents & STI
626
596
423
Accounts Receivable, Net
648
426
596
Inventories
- -
- -
- -
Total Current Liabilities
906
773
928
Payables & Accruals
- -
- -
- -
ST Debt
122
95
104
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.83%
16.79%
-13.17%
Free Cash Flow
34.53%
19.14%
-54.93%
Net Income, GAAP
53.08%
104.94%
-65.42%
Sales/Revenue/Turnover
11.2%
13.97%
-3.53%
Total Cash Common Dividend
34.49%
51.9%
7.02%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
619
730
657
796
2,802
2025
647
721
626
710
2,703
2026
602
767
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.75
3.11
9.73
4.31
19.93
2025
1.3
2.03
0.69
2.86
6.89
2026
1.34
-0.06
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2.85
- -
2.85
5.7
2025
- -
3.05
- -
3.05
6.1
2026
- -
2.2
- -
- -
- -

Company Description

CEO
Jessica Skon
Full Time Employees
1,139
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Grevgatan 34 Stockholm AB Sweden 114 53
IPO Date
Jun 6, 2001
Website
bts.com
Business
BTS Group AB (publ) (BTS-B.ST) provides professional services focused on strategy execution, leadership development, and business transformation for global corporations. Founded in 1986 and headquartered in Stockholm, Sweden, the company operates through segments including BTS North America, BTS Europe, BTS Other Markets, and Advantage Performance Group (APG), with over 1,100 employees across more than 30 offices worldwide spanning North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. It serves industries such as banking, biotechnology, consumer products, insurance, manufacturing, oil and gas, professional services, retail, technology, and telecommunications, targeting Fortune 100 companies and executive leaders with customized experiential learning solutions including business simulations, AI-powered practice bots from BTS Verity, digital workshops, assessments, and coaching programs. Core offerings encompass strategy execution and business transformation; leader readiness and development; go-to-market strategies for sales, marketing, product, and service teams; talent acquisition and succession planning; business acumen training; sales force transformation; assessment centers; and digital services that drive behavioral change, AI activation, and performance alignment. In March 2025, BTS acquired Sounding Board, a U.S.-based technology platform for scalable executive coaching, enhancing its USD 40 million coaching portfolio with advanced tech for global end-to-end leadership development from executives to frontline staff, expected to boost margins positively from 2026 onward; the deal supports BTS's acquisition strategy in the fragmented market amid a net cash position exceeding SEK 280 million. Amid 2025 challenges including revenue declines in North America due to sales strategy issues, currency headwinds, and one-off costs, the company launched a recovery program with new regional leadership, restructured marketing and sales operations, intensified efforts in Other Markets, and advanced AI innovations, while Europe and recent acquisitions like executive coaching firm Boda contributed strong growth.