BTS Group AB (publ)
Interim Report January 1 - September 30, 2008
Growth despite negative development in APG
* Net turnover increased by 1 percent during the nine-month period
and amounted to MSEK 393.0 (387.3). Adjusted for changes in
exchange rates, growth was 10 percent.
* Operating profit before amortization on intangible assets (EBITA)
decreased by 12 percent to MSEK 56.1 (63.7).
* Profit after tax decreased by 3 percent to MSEK 31.3 (32.3).
* Earnings per share amounted to SEK 1.74 (1.79).
Third quarter 2008
* Net turnover for the third quarter increased by 0.5 percent and
amounted to MSEK 122.5 (121.9). Adjusted for changes in exchange
rates, growth was 6 percent.
* Operating profit before amortization on intangible assets (EBITA)
decreased by 7 percent to MSEK 15.0 (16.1).
* Profit after tax decreased by 1 percent to MSEK 7.7 (7.8).
* Earnings per share amounted to SEK 0.43 (0.43).
Summary of BTS' and the market's development during the third quarter
* Demand for BTS' services continued to be positive on all markets,
apart from APG which developed negatively and experienced
considerably weaker demand during the third quarter.
* The negative change in BTS' earnings is mainly due to significantly
lower sales in APG as well as a weakening of the USD and GBP,
currencies of importance for BTS.
* BTS' other operations have developed positively.
* New clients secured during the nine-month period included Alcoa,
ConocoPhilips, Deutsche Bank, National Foods Limited, Dell, Ogilvy& Mather, SAB Miller, Logica and PTT Thailand, among others.
