Continued growth and increase in earnings during the fourth quarter
Full-year 2009
* Net turnover increased by 9 percent during the year and amounted to MSEK
595.1 (548.4).Adjusted for changes in foreign exchange rates, growth was -3
percent.
* Operating profit before amortization of intangible assets (EBITA) decreased
by 2 percent to MSEK 78.1 (79.8).
* Profit before tax increased by 1 percent and amounted to MSEK 68.3 (67.6).
* Profit after tax decreased by 2 percent and amounted to MSEK 44.3 (45.0).
* Earnings per share decreased by 2 percent to SEK 2.45 (2.50).
The fourth quarter 2009
* Net turnover increased by 5 percent during the fourth quarter and amounted
to MSEK 162.4 (155.4).Adjusted for changes in foreign exchange rates, growth
was 13 percent.
* Operating profit before amortization of intangible assets (EBITA) increased
by 3 percent to MSEK 24.4 (23.7).
* Profit before tax increased by 13 percent to MSEK 23.3 (20.6).
* Profit after tax increased by 9 percent to MSEK 14.9 (13.7).
* Earnings per share increased by 9 percent to SEK 0.83 (0.76).
Summary of BTS' and the market's development during the fourth quarter
* Demand for training and consultancy services has weakened compared to the
previous year.However, demand for BTS' services has been better than for the
market as a whole. Continued positive trends were noted on the US market
during the fourth quarter.
* Earnings were positively impacted by increased earnings in BTS North
America, APG and BTS Other markets. Earnings were negatively impacted by a
decrease in earnings in BTS Europe and by changes in foreign exchange
rates.
* New clients secured during the fourth quarter included Bausch & Lomb, LG
Electronics, Local Insight Media, Miller Coors, Sanofi-Aventis, Schindler,
Snickers Workwear and ThyssenKrupp, among others.
Dividend
* The proposed dividend is SEK 1.20 (1.20) per share.
[HUG#1385790]
