BTS Group: Q1 miss but FY guidance kept - ABG

1% organic growth (cons 4%) and EBITA -13% vs cons
Reiterates 2025 guidance of EBITA >2024, Q1 EBITA 0% y-o-y
See AI related cost savings, estimates -5-8% and share similarily


Q1 details

Sales SEK 647m (-5% vs ABG 678m, -5% vs cons 680m), adj. EBITA 59m (-15% vs ABG 69m, -13% vs cons 67m), adj. EBITA margin 9.1% (ABG 10.2%, cons 9.9%). Adj. EBITA 0% y-o-y. Organic growth 1% (vs ABG 4%). Organic growth per segment: North America 2%, Europe 9%, Other markets -2%, APG -9%.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/bts-group/Equity-research/2025/5/bts-group---q1-miss-but-fy-guidance-kept/