Stock Analysis

BTS Group Full Year 2023 Earnings: EPS Beats Expectations

BTS Group (STO:BTS B) Full Year 2023 Results

Key Financial Results

Revenue: kr2.68b (up 6.1% from FY 2022).
Net income: kr214.8m (up 8.3% from FY 2022).
Profit margin: 8.0% (up from 7.8% in FY 2022). The increase in margin was driven by higher revenue.
EPS: kr11.08 (up from kr10.24 in FY 2022).

revenue-and-expenses-breakdown — OM:BTS B Revenue and Expenses Breakdown April 17th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

BTS Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%.

The primary driver behind last 12 months revenue was the BTS North America segment contributing a total revenue of kr1.45b (54% of total revenue). Notably, cost of sales worth kr1.50b amounted to 56% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr761.8m (79% of total expenses). Explore how BTS B's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in Sweden.

Performance of the Swedish Professional Services industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for BTS Group that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.