Core Insights - BTS North America has implemented a new profitability and growth strategy under new leadership, while BTS Europe and other markets have shown strong organic growth in the quarter [2][3] - The company anticipates that the EBITA result for 2025 will be worse than in 2024, indicating potential challenges ahead [2] Financial Performance - For Q2 2025, net sales were MSEK 721, a slight decrease from MSEK 730 in Q2 2024, with a currency-adjusted growth of 7%, of which 2% was organic [3][5] - EBITA for Q2 2025 decreased by 23% to MSEK 84 from MSEK 110 in Q2 2024, resulting in an EBITA margin of 11.7%, down from 15.1% [3][5] - Profit after tax for Q2 2025 was MSEK 39, a 35% decrease compared to MSEK 60 in Q2 2024, with earnings per share dropping to SEK 2.03 from SEK 3.11 [3][5] - For the first half of 2025, net sales were MSEK 1,368, a slight increase from MSEK 1,348 in the same period of 2024, with a currency-adjusted growth of 5% [3][5] - EBITA for the first half of 2025 decreased by 15% to MSEK 143 from MSEK 169 in the first half of 2024, with an EBITA margin of 10.5%, down from 12.5% [3][5] - Profit after tax for the first half of 2025 was MSEK 65, down from MSEK 114 in the first half of 2024, with earnings per share at SEK 3.35, a decrease from SEK 5.86 [3][5] Company Overview - BTS Group AB is a global professional services firm headquartered in Stockholm, Sweden, with approximately 1,200 professionals across 38 offices on six continents [7][8] - The company competes in talent and HR consulting as well as traditional consulting markets, focusing on leadership development, talent selection, strategy creation, and culture change [7]