BTS Group AB (publ) Year-end Report January 1 - December 31, 2008
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).
- 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 Communications |
Mobile: 076 - 800 5755 |
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.