Earnings in line with previous year
Full Year 2008
* Net turnover increased by 5 percent during the year and amounted
to MSEK 548.4 (523.2). Adjusted for changes in exchange rates,
growth was 8 percent.
* Operating profit before amortization of intangible assets (EBITA)
decreased by 10 percent to MSEK 79.8 (88.3).
* Profit before tax decreased by 7 percent to MSEK 67.6 (72.8)
* Profit after tax decreased by 8 percent to MSEK 45.0 (48.8).
* Earnings per share decreased by 8 percent to SEK 2.50 (2.71).
The fourth quarter 2008
* Net turnover for the fourth quarter increased by 14 percent and
amounted to MSEK 155.4 (135.9). Adjusted for changes in exchange
rates, growth was 2 percent.
* Operating profit before amortization of intangible assets (EBITA)
decreased by 4 percent to MSEK 23.7 (24.6).
* Profit before tax decreased by 3 percent to MSEK 20.6 (21.2)
* Profit after tax for the fourth quarter decreased by 17 percent
and amounted to MSEK 13.7 (16.5).
* Earnings per share decreased by 17 percent to SEK 0.76 (0.92).
Summary of BTS' and the market's development during the fourth
quarter
* Demand for training and consultancy services weakened during the
fourth quarter. Demand for BTS' services continued to be
positive, apart from APG, which continued to develop negatively
during the fourth quarter.
* BTS' earnings during the fourth quarter were in line with the
previous year with a significant improvement in BTS Europe but
with considerable deteriorations in APG and BTS Other Markets.
* New clients secured during the fourth quarter included among
others Konecranes, Mass Mutual, Munters MCS, MySpace, Repsol and
Subaru North America.
Contact information.
Henrik Ekelund CEO Phone: 08-5870 7000
Stefan Brown CFO Phone: 08-5870 7062
Thomas Ahlerup Phone: 08-5870 7002
Senior Vice President Corporate Mobile: 076 - 800 5755
Communications
For additional information please visit our home page www.bts.com
BTS Group AB is an international consultancy and training company
active in the field of business acumen. BTS uses tailor-made
simulation models to support company managers in implementing change
and improving profitability. BTS solutions and services train the
entire organization to analyze and to take decisions centered on the
factors that promote growth and profitability. This generates
increased emphasis on profitability and market focus, and supports
day-to-day decision-making, which in turn leads to tangible,
sustainable improvements in profits. BTS customers are often leading
major companies.
