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.