BTG Consulting AGM Update 16 September 2026

We update on BTG Consulting’s first quarter 2027 performance and full year 2027 outlook. Both revenues and adjusted profits are growing in line with management expectations. Restructuring services are benefiting from the tough macroeconomic environment, while the Real Estate division is performing well due to acquisitions made in 2026. Management is confident on delivering full year 2027 market expectations of around 7% revenue growth and a 15% adjusted PBT margin. We regard BTG shares as underrated and keep a 170p fair value estimate. Read our research note here: https://www.equitydevelopment.co.uk/research/another-reassuringly-good-q1-trading-update