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).
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.