BTS Group (BTS) investor relations material

Executive summary

• Q2 2026 net sales reached MSEK 767, up 9% year-over-year on a currency-adjusted, fully organic basis, with EBITA up 11% to MSEK 94 and margin improving to 12.3% from 11.7%.

• Profit after tax for Q2 rose 29% to MSEK 51, excluding a one-time earn-out provision.

• AI-driven services now account for 10% of total revenue, with AI-related revenue up 221% year-over-year.

• North America returned to strong profitability, Europe delivered exceptional growth, while Other Markets remained flat but are expected to recover.

• Upgraded 2026 outlook: EBITA expected to be significantly better than 2025.

Financial highlights

• Q2 revenue grew 9% year-over-year; EBITA up 11% to MSEK 94; EBITA margin rose to 12.3%.

• North America saw double-digit organic revenue growth and a 60% increase in profitability, reaching a 37.5% margin.

• Europe posted 25% revenue growth and 38% profit growth, with EBITA margin at 16.2%.

• Other Markets were flat in revenue, with profit down 26% and EBITA margin dropping to 12.5% from 17.9%.

• AI-related revenue reached SEK 76 million in Q2.

Outlook and guidance

• Raised full-year outlook, expecting significantly better results than 2025.

• North America and Europe expected to maintain strong performance in H2; Other Markets anticipated to return to growth sooner than previously forecast.

• AI innovations and operational efficiencies expected to further improve margins.