BTS Group AB (publ) - Interim Report January 1 - March 31, 2009

BTS stands strong in a difficult market

  * Net sales increased by 12 percent during the first quarter and
    amounted to MSEK 137.4 (122.3). Adjusted for changes in exchange
    rates, growth was -9 percent.
  * Operating profit before amortization of intangible assets (EBITA)
    increased by 4 percent to MSEK 14.1 (13.5).
  * Profit before tax for the first quarter increased by 8 percent
    and amounted to MSEK 10.9 (10.1).
  * Profit after tax for the first quarter increased by 7 percent and
    amounted to MSEK 7.2 (6.7).
  * Earnings per share  increased by 7 percent to SEK 0.40 (0.37)
  * Demand for training and consultancy services weakened during the
    first quarter compared to the previous year. Demand for BTS'
    services has been better than the market as a whole, apart from
    APG which continued to develop negatively during the first
    quarter. More positive trends were noted on the US' market at the
    end of the quarter.
  * An office was opened in Bangkok, Thailand.
  * New clients secured during the first quarter included Deloitte,
    Fabege, HSBC, Indra, LRF, McDonalds, Munters and Sodexo, among
    others.