SOURCE: BTS Group AB

February 20, 2009 02:07 ET

BTS Group AB (publ) Year-end Report January 1 - December 31, 2008

STOCKHOLM, SWEDEN--(Marketwire - February 20, 2009) -


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).

Summary of BTS' and the market's development during the fourth quarter

* 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                Mobile: 076 - 800 5755
Communications

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.

Year-end Report January 1 - December 31, 2008: http://hugin.info/132982/R/1292086/292188.pdf

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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