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BTS Group BTS B.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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265.00

-0.38%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 2.70bn

FY2016FY2025

Net income

SEK 132.5m

FY2016FY2025

Free cash flow

SEK 154.5m

FY2016FY2025

Shareholders' equity

SEK 1.45bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 2.70bnSEK 2.80bnSEK 2.68bnSEK 2.53bnSEK 1.92bnSEK 1.46bnSEK 1.87bnSEK 1.60bnSEK 1.24bnSEK 1.11bn
Operating incomeSEK 214.0mSEK 298.1mSEK 288.1mSEK 303.3mSEK 305.2mSEK 64.6mSEK 225.7mSEK 183.4mSEK 132.3mSEK 111.7m
Net incomeSEK 132.5mSEK 387.0mSEK 214.8mSEK 198.4mSEK 214.7mSEK 35.2mSEK 150.7mSEK 126.1mSEK 98.1mSEK 73.8m
Diluted earnings per share6.8319.9611.0710.2411.101.827.806.535.093.96

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 3.17bnSEK 3.36bnSEK 2.96bnSEK 2.76bnSEK 2.49bnSEK 1.96bnSEK 1.87bnSEK 1.53bnSEK 1.23bnSEK 943.7m
Cash and short-term investmentsSEK 625.9mSEK 703.3mSEK 532.3mSEK 577.1mSEK 594.4mSEK 591.2mSEK 316.4mSEK 262.4mSEK 199.9mSEK 135.4m
Total liabilitiesSEK 1.73bnSEK 1.70bnSEK 1.66bnSEK 1.54bnSEK 1.51bnSEK 1.25bnSEK 1.03bnSEK 823.8mSEK 645.0mSEK 400.6m
DebtSEK 579.8mSEK 589.2mSEK 449.5mSEK 367.8mSEK 265.8mSEK 390.4mSEK 222.9mSEK 112.0mSEK 84.8mSEK 25.6m
Shareholders' equitySEK 1.45bnSEK 1.66bnSEK 1.30bnSEK 1.21bnSEK 983.3mSEK 709.9mSEK 839.7mSEK 704.2mSEK 580.6mSEK 543.1m
Shares outstanding19m19m19m19m19m19m19m19m19m19m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 212.8mSEK 386.0mSEK 165.7mSEK 199.0mSEK 312.0mSEK 242.1mSEK 217.7mSEK 158.2mSEK 98.2mSEK 47.5m
Capital spending−SEK 58.3m−SEK 9.9m−SEK 9.2m−SEK 60.2m−SEK 19.3m−SEK 20.4m−SEK 25.8m−SEK 19.2m−SEK 17.7m−SEK 13.3m
Free cash flowSEK 154.5mSEK 376.1mSEK 156.5mSEK 138.8mSEK 292.7mSEK 221.7mSEK 191.9mSEK 138.9mSEK 80.5mSEK 34.2m
Dividends paid−SEK 118.3m−SEK 110.6m−SEK 104.7m−SEK 93.0m−SEK 23.2m−SEK 69.5m−SEK 69.2m−SEK 53.0m−SEK 46.6m−SEK 43.8m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 767.4mSEK 602.0mSEK 709.7mSEK 625.7mSEK 720.6mSEK 647.1mSEK 796.5mSEK 657.3m
Operating incomeSEK 76.5mSEK 45.1mSEK 67.5mSEK 26.7mSEK 65.1mSEK 40.8mSEK 117.6mSEK 42.6m
Net income−SEK 1.1mSEK 27.6mSEK 55.4mSEK 13.4mSEK 39.3mSEK 25.1mSEK 83.6mSEK 188.8m
Diluted earnings per share-0.061.422.860.692.031.304.319.74
Cash from operations−SEK 62.0m−SEK 2.0mSEK 209.0mSEK 100.0m−SEK 39.0m−SEK 57.0mSEK 222.0mSEK 146.0m
Capital spending−SEK 26.0m−SEK 7.0m−SEK 17.0m−SEK 15.0m−SEK 14.0m−SEK 11.0m−SEK 14.0m−SEK 9.0m
Free cash flow−SEK 88.0m−SEK 9.0mSEK 192.0mSEK 85.0m−SEK 53.0m−SEK 68.0mSEK 208.0mSEK 137.0m
Total assetsSEK 3.22bnSEK 3.11bnSEK 3.17bnSEK 3.00bnSEK 2.99bnSEK 2.97bnSEK 3.36bnSEK 3.06bn
Cash and short-term investmentsSEK 422.5mSEK 596.4mSEK 625.9mSEK 452.1mSEK 389.2mSEK 462.6mSEK 703.3mSEK 563.1m
DebtSEK 606.8mSEK 597.3mSEK 579.8mSEK 514.2mSEK 512.4mSEK 409.1mSEK 536.8mSEK 435.2m
Shareholders' equitySEK 1.51bnSEK 1.52bnSEK 1.45bnSEK 1.48bnSEK 1.49bnSEK 1.56bnSEK 1.66bnSEK 1.55bn

Financial ratios

Data as of 26 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin7.9%10.6%10.7%12.1%16.0%4.5%
Net margin4.9%13.8%8.0%7.8%11.2%2.4%
Return on equity9.2%23.2%16.5%16.3%21.8%5.0%
Return on assets4.2%11.5%7.3%7.2%8.6%1.8%
Free cash flow yield6.1%8.8%3.9%5.8%7.4%5.9%
Revenue growth-3.5%4.4%6.1%32.0%30.9%-21.5%
Earnings growth-65.8%80.1%8.3%-7.6%509.5%-76.6%
Current ratio1.70x1.57x1.40x1.46x1.39x1.38x
Debt to equity0.40x0.28x0.27x0.23x0.18x0.40x
Equity ratio45.6%49.5%44.0%44.0%39.5%36.2%
Interest coverage5.92x8.33x10.75x18.37x17.80x4.34x
Buybacks as a share of market value-0.1%0.1%-0.1%-0.1%-0.2%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.2%13.0%10.0%
Operating income-11.0%27.1%6.9%
Net income-12.6%30.3%6.2%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin9.3%10.3%10.4%10.7%
Net margin9.4%8.7%8.4%8.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings21.513.226.728.436.3119.030.519.418.418.2
Price to sales1.11.82.12.24.12.92.51.51.41.2

Dividends and splits

Per share, in the currency the company pays

Paid for 24 years. Last went ex-dividend on 22 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.206.105.705.404.801.203.603.60
  • 3-for-1 split · 8 May 2006

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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