Words from CEO Henrik Ekelund
BTS grew revenues in 2010 in excess of 20 percent to MSEK 694 as a result of investments for growth made in 2008–2009. The company achieved strategic progress in the following key areas: established a strong foundation for further growth by adding 75 new customers; strengthened the product portfolio; opened new offices; and invested in our people.
2010 in Brief
A record year with rapid growth and improvement in earnings. The emerging markets are taking off. BTS Europe is strong again.
2010 was a record year for BTS, with growth of 21 percent and an improvement in earnings of 34 percent. BTS is in a solid growth phase. The market is developing positively and we are capturing market shares.
Our business in the emerging markets is taking off. Growth was 43 percent during 2010 and 86 percent during the fourth quarter. Earnings have almost increased fourfold during the year.
BTS Europe returned to satisfactory growth and profitability during the fourth quarter and the market is developing positively.
Our largest unit, BTS USA, has had a strong year.
During 2010, BTS has made significant investments for continued growth. We have increased the sales force. We opened new offices in Amsterdam, Sao Paulo and Los Angeles. We have substantially increased the resources for product development, marketing and training. In addition, we have invested in BTS Interactive – our unit for “connected learning” – where the revenues grew by approximately 60 percent during 2010.
- Dowload the 2010
Year End Report
Contact Info
- Thomas Ahlerup, Senior VP, Investor and
Corporate Communications
+46 8 58 70 70 00
mobile: +46 8 58 70 70 00
e-mail: thomas.ahlerup@bts.com - Stefan Brown, CFO
+46 8 58 70 70 00