BTS Group AB (publ) Year end report 1 January - 31 December 2003

BTS Group AB (publ) Year end report 1 January-31 December 2003 ·Net turnover during the year fell by 6 per cent to MSEK 162.2 (172.2). Adjusted for changes in exchange rates, turnover during the period rose by 6 per cent. ·The result for the year: - operating result MSEK 10.2 (8.5), corresponding to 6.3 (4.9) per cent in operating margin - result before tax MSEK 12.1 (10.1), an increase by 20 per cent - result after tax MSEK 7.2 (6.4) - earnings per share SEK 1.23 (1.09). · Cash flow from operations during the year totalled MSEK 18.2 (15.4). At the end of the year, liquid funds totalled MSEK 88.1 (79.0). · The growth in the customer base for the year was good. New customers included Vodafone, Coca-Cola, Honda, Xerox and Sony. · BTS has acquired the Spanish company I-Simco S.L. · Market conditions in the United States improved progressively and significantly during the second half of the year. The market in Europe was weak during this period. · Result for the fourth quarter: - net turnover MSEK 45.4 (46.9) - operating result MSEK 6.6 (10.2), corresponding to 15 (22) per cent in operating margin - result before tax MSEK 7.0 (10.6), a decrease by 34 per cent - result after tax MSEK 3.7 (6.9) · The proposed dividend per share is SEK 0.60 (0.50). BTS Group AB is an international consultancy and training company active in the field of business acumen. BTS uses tailor-made business simulations to support company managers in implementing change and improving profitability. BTS solutions and services train the entire organisation to analyse and to take decisions centred 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. For additional information, please contact: Henrik Ekelund, CEO (+46 8-58 70 70 00) Stefan Brown, CFO (+46 8-58 70 70 00) or visit our Web site at www.bts.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/11/20040211BIT00210/wkr0001.doc The full report http://www.waymaker.net/bitonline/2004/02/11/20040211BIT00210/wkr0002.pdf The full report

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