BTS Group AB (publ)
Interim Report January 1- March 31, 2008
• Net turnover decreased by 1 percent during the first quarter and amounted to
MSEK 122.3 (123.7). Adjusted for changes in exchange rates, growth was 7
percent.
• The operating profit before amortization on intangible assets (EBITA)
decreased by 25 percent to MSEK 13.5 (18.1).
• Profit after tax decreased by 22 percent to MSEK 6.7 (8.6).
• Earnings per share amounted to SEK 0.37 (0.47).
Summary of the first quarter
• The market development on all of BTS markets continued to be posi-tive.
• The negative change in BTS earnings was principally attributed to de-creased
sales within APG, which was acquired in 2006, together with a weakening of
currencies important to BTS, mainly the USD and the GBP
• BTS other operations have developed positively.
• The Real Learning Company (RLC) is as of 2008 legally and organi-zationally
part of BTS North America.
• The Board of Directors of the BTS Group AB has decided to adjust the outlook
for 2008 as follows: “Based on continued strong market condi-tions for BTS, the
profit before tax is expected to be in line with the previous year.” The outlook
deviates from the previous report when the outlook was anticipated to be better
than previous year. The change of the outlook was communicated in a separate
press release on April 29, 2008.
• New clients secured during the first quarter included Alcoa,
ConocoPhilips, Deutsche Bank, and National Foods Limited, among others.
Thomas Ahlerup
Senior Vice President
Investor and Corporate Communications
BTS Group AB
Direct +46-8-5870 7002
Mobil +46-768-966 300
E-mail thomas.ahlerup@bts.com
About BTS Group AB
BTS partners with leading companies to accelerate change and improve business
results. BTS is the world leader in customized business simulations and
discovery-based learning solutions that enable leading corporations to grow and
be-come successful through change and improvement processes.
BTS adds value to its clients through three practice areas: Strategic Alignment& Business Acumen, Leadership & Manage-ment, and Sales. BTS also has strong
capabilities in Operational Excellence & Project Management and offer an
innovative Engage for Change process.
BTS has more than 250 highly talented employees serving more than 400 clients
including 40 of the US Fortune 100 compa-nies and 25 of the Global Fortune 100
largest corporations in the world. In 2007 BTS revenues exceeded USD 80
millions. Recent selected BTS clients include AT&T, Ericsson, Kimberly-Clark,
Nokia, Sony, Toyota, Unilever and Xerox.
BTS serves its clients from Stockholm, New York, London, Singapore, San
Francisco, Johannesburg, Philadelphia, Melbourne, Stamford, Brussels, Chicago,
Scottsdale, Helsinki, Sydney, Beijing, Madrid, Bilbao, and Oslo.
BTS is a public company listed on the Swedish Stock Exchange and trades under
the symbol BTS B.
For more information please visit www.bts.com
