Report
Daniel Thorsson ...
  • Simon Granath

BTS Group - Lower growth offset by higher margin in Q4

Q4 EBITA 11% vs. ABGSCe, driven by Other Markets Guides for “profit growth” in 2020 (ABGSCe at 19%) 14% EBITA CAGR at 17.7x ’20e EV/EBITA
Underlying
BTS Group AB B

BTS Group AB is a consulting firm engaged in learning and development. Co. uses simulation models to support executive management in executing change and improving profitability. Co.'s solutions and services train the organization to analyze and make decisions centered on the factors that support growth and profitability. This enhances the market focus and profit awareness in day-to-day decision-making. Co.'s solution technologies include the following: computer-based business simulations, computer-based scenario simulations, board simulations, engage maps, online and virtual solutions, as well as tournaments.

Provider
ABG Sundal Collier Sponsored
ABG Sundal Collier Sponsored

ABG Sundal Collier is the independent, Nordic investment banking powerhouse, developed over 30 years, founded on a hard working partnership culture and the ability to attract top talent.

Our strategy is to be an advisor and an intermediary, and the core product offering comprise corporate advisory services, corporate financing services and investor research and brokerage services.

Our corporate advisory team offers access to a broad financial and industrial network and unparalleled transaction experience. We provide financing to corporates through our superior Nordic and international distribution platform, and we are optimally structured for naturally matching trading flows, delivering best execution for clients.

The group employ approx. 250 staff working from the Nordic offices in Norway, Sweden and Denmark and in the offices in the key international markets US, UK and Germany. 


Analysts
Daniel Thorsson

Simon Granath

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