BTS Group AB (publ) - Strong development in earnings during the third quarter
- Net turnover increased by 10 percent during the nine-month period and amounted to MSEK 432.7 (393.0). Adjusted for changes in exchange rates, growth was -8 percent.
- Operating profit before amortization of intangible assets (EBITA) decreased by 4 percent to MSEK 53.7 (56.1).
- Profit before tax for the nine-month period decreased by 4 percent and amounted to MSEK 45.0 (46.9).
- Profit after tax for the nine-month period decreased by 6 percent and amounted to MSEK 29.3 (31.3).
- Earnings per share decreased by 6 percent to SEK 1.63 (1.74).
Third quarter 2009
Summary of BTS' and the market's development during the third quarter
- Demand for training and consultancy services has weakened compared to the previous year. Demand for BTS' services has been better than the market as a whole, apart from APG. Continued positive trends were noted on the US market during the third quarter, whereas the market in Europe developed negatively.
- Earnings were positively impacted by improved earnings in BTS North America, APG and parts of BTS Europe and by changes in exchange rates. However, earnings were negatively impacted by an overall decrease in earnings in other parts of BTS Europe and in BTS Other markets.
- New clients secured during the third quarter included Belgacom, Bombardier, Genpact, GSK, McAfee, Orange, Pfizer Mexico and Vattenfall Germany, among others.